There was no recession according to the conventional definition of two consecutive quarters of negative GDP growth"
Perhaps this is one reason why stock prices have gone up in the face of 15 months of declining earnings.
Switzerland has suddenly begun exporting a RECORD amount of gold bullion into the US. Hat Trick Letter Editor Jim Willie reads the handwriting on the wall, and warns a COMEX […]
The World Bank announced today that the People’s Bank of China (PBOC) of bonds denominated in Special Drawing Rights (SDRs).
The International Monetary Fund on Friday said China needed to slow its unsustainable credit growth & stop financing weak firms.
The Fed’s recent worry that inflation isn’t high enough is simply another ruse for them to keep interest rates lower for longer, and even implement QE again whenever necessary.
The attempts by the ECB, BoJ, & BOC at stimulating their way out of deflation have yet to show appreciable results, but this won’t stop them from trying.
You’d think the markets had gone absolutely vertical. Tthe S&P 500 is up a measly 0.5% in the last three weeks!
One of the hardest problems in studying the macroeconomy is that time keeps advancing.
More of the same is the name of the game.
Credit investors are in a bind. Central banks have pushed bond yields to record lows, which has nudged investors into riskier securities in search of higher rates. Me…
The foundations of post-cold war Europe are being shaken. Parties of the extreme right & left & others advocating the breakup of their nation-states
Despite deteriorating economic data, the market continues to cling to recent levels of over overbought, overextended and low reward/risk outcomes. The
One of my regular readers has raised the important subject of Say’s law, the denial of which both Keynesian and modern monetarists are emphatic.
Tens of millions of Americans clearly understand that an entrenched system of corruption such as this, perpetuated through a revolving door between Wall Street and Washington,
The S&P 500 index kept on rising despite a loss of confidence among consumers. Confidence? We don't need any stinkin' confidence!
I have seen repeatedly in my life where markets have dropped 40% or 50%… And in some cases I have seen the market like the Dow Jones drop 21% in […]
the U.S. is on track to set another record for what the U.S. Treasury Department calls “Individuals who have chosen to expatriate.”
Winning a gold medal has a downside.
And the US government took in $93.7 million through a little known authority called “Civil Asset Forfeiture”.