Christine Lagarde trolls Germany and asks for more fiscal stimulus
by Shaun Richards This morning has seen the first set piece speech of the new ECB President Christine Lagarde and it would not be her without some empty rhetoric. The … Read more
fiscal
CHART OF THE DAY: Oil prices have fallen below Saudi fiscal breakeven for 5 years in a row
US shale companies often use a narrowly defined metric that only includes the cost of drilling and production, leaving out all other costs (this runs anywhere from $40-$60 depending on … Read more
The UK has opened the fiscal taps and started a fiscal stimulus
by Shaun Richards The credit crunch era has seen some extraordinary changes in the establishment view of monetary policy. The latest is this from the Peterson Institute from earlier this … Read more
Can Monetary Or Fiscal Stimulus Turnaround The Next Recession?
Authored by Patrick Hill via RealInvestmentAdvice.com, A recession is emerging with interest rate curves inverted, the end of the business cycle at hand, world trade falling, and consumers and businesses beginning … Read more
Japan gets paid to issue debt and yet it has just tightened its fiscal policy!
by Shaun Richards Today I am looking east to the country which is hosting the rugby world cup and let me congratulate them on their victory over Ireland. But there … Read more
Stockman: We’re Heading into a Horrendous Fiscal Crisis in 2020
David Stockman appears on “Cavuto Coast to Coast” (Fox Business Network, Sept. 3, 2019)
US Gross National Debt Jumps by $1.2 Trillion in Fiscal 2019, to $22.7 Trillion, Hits 106.5% of GDP
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But what happens if there’s actually a recession? The US gross national debt jumped by $110 billion on the last two business days of Fiscal Year … Read more
While fiscal stimulus has been providing support for economy, its impact is ebbing
While fiscal stimulus has been providing support for economy, its impact is ebbing@MoodysAnalytics @SoberLook pic.twitter.com/aQlok5ut8q — Liz Ann Sonders (@LizAnnSonders) September 9, 2019 – DEUTSCHE BANK SAYS ITS ECONOMISTS ARE … Read more
Bloomberg: German Unemployment Jump Adds to Pressure for Fiscal Stimulus
www.bloomberg.com/news/articles/2019-08-29/german-unemployment-jump-adds-to-pressure-for-fiscal-stimulus?srnd=premium The number of people out of work increased by 4,000 to 2.29 million in August, the fourth straight month that joblessness failed to drop after six years of almost … Read more
PIMCO: Yields May Go Negative and Spur Much More Active Fiscal Response
Aug.07 — Joachim Fels, managing director and global economic adviser at Pacific Investment Management Co., discusses the outlook for U.S. Treasury yields with Bloomberg’s Joe Weisenthal, Romaine Bostick and Caroline … Read more
REVEALED: the EU plans to remove all free speech, but has no plans to deal with an econo-fiscal disaster
by John Ward The new EC President doesn’t start until November, but is already planning a Federal EU in which no opposition to directives will be tolerated. At the same time, … Read more
Will fiscal policy save the US economy or torpedo it?
by Shaun Richards One of the features of the credit crunch era has been the shift in some places about fiscal policy. For example the International Monetary Fund was rather … Read more
The Eurozone is incentivising fiscal irresponsibility with easy money, and low cost of debt is disguising lack of budget discipline
The Eurozone is incentivising fiscal irresponsibility with easy money, and low cost of debt is disguising lack of budget discipline pic.twitter.com/LdPgV8LjQj — Daniel Lacalle (@dlacalle_IA) June 15, 2019
REMAINDER: “Yes, but apart from the anti-democratic structures, censorship, bullying, fiscal currency fantasies & fading economy, what exactly have you got against the EU?”
by John Ward Another avalanche of evidence from The Slog about why – on every kind of moral, egalitarian, legal, democratic, libertarian, fiscal, financial and economic measure – a completely clean … Read more
Impending Italy Showdown With EU Is About Right To Stumble Into Fiscal Collapse Without Brussels’ Nanny State Supervision
via zerohedge: Following an unconfirmed report on Monday that Italy faces a €3.5 billion fine from the European Commission unless Europe’s largest sovereign debtor curbs its debt levels, moments ago Bloomberg … Read more
The IMF table of fiscal break even oil prices
via @staunovo: IMF’s latest fiscal break even oil prices: -Saudi Arabia USD 85/bbl -U.A.E. USD 65/bbl -Iraq USD 64/bbl -Kuwait USD 49/bbl -Iran USD 126/bbl