Its Not All About Numbers

by David Panizzutti This article is not so much about economics as it is about life. The two are more entwined than the average person wants to accept. I remember as a young boy a wise older friend told me that …

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US Dollar Hegemony Tripped Up by Chinese Renminbi?

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Um, no. Central banks not enthusiastic about the renminbi. Global central banks are not dumping US-dollar-denominated assets from their foreign exchange reserves. They’re not dumping euro-denominated assets either. And they remain leery of the Chinese renminbi …

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This chart should scare you

From ZeroHedge: For the 29th month in a row, Americans’ annual spending grew faster than their incomes as the “no consequences” new normal rolls on, leaving the savings rate languishing near record lows – even if it did very modestly uptick in …

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