Spreading the truth. Empowering the people.
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
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
David Stockman appears on “Cavuto Coast to Coast” (Fox Business Network, Sept. 3, 2019)
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@MoodysAnalytics @SoberLook pic.twitter.com/aQlok5ut8q — Liz Ann Sonders (@LizAnnSonders) September 9, 2019 – DEUTSCHE BANK SAYS ITS ECONOMISTS ARE … Read more
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
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
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
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 pic.twitter.com/LdPgV8LjQj — Daniel Lacalle (@dlacalle_IA) June 15, 2019
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
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
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
by Shaun Richards As we travel the journey that is the credit crunch era we pick up some tasty morsels of knowledge along the way. Some were provided by Mario … Read more
by WARREN MOSLER It will take another few months to know if this is just ‘noise’ or it’s about to go negative. If you average the last two months, for … Read more
by The_Great_Flux Yeah no derp, and they caused it. 0% rates for 8 years under Obama, then suddenly the jack up the rate 6 times in a row once Trump … Read more