Spreading the truth. Empowering the people.
by Charles Hugh-Smith In 2020, increasing monetary and fiscal stimulus will be the equivalent of spraying gasoline on a fire to extinguish it. Economically, the 11 years since the Global … Read more
by Antony Sammeroff via Mises A seductive (if poorly considered) critique of markets is the notion that they are so wildly unpredictable and inherently unstable that we need government to watch … Read more
In a report published Monday, Moody’s said political and geopolitical turbulence is exacerbating a gradual slowdown in trend GDP growth, aggravating structural bottlenecks and increasing the risk of economic or … Read more
By Justine Hall, FS There’s a common urban legend, said Marc Chandler, one the Federal Reserve even fosters— that the Fed kills business cycles. “People like Janet Yellen say the … Read more
By David Stockman This kind of volatility especially at the shortest maturity suggests limited and temporary capacity for spare liquidity. It is the result of a titanic struggle to maintain … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Crackdown on lending shenanigans and bank misconduct plus an onslaught of new condos at worst possible time worry the RBA. The Reserve Bank of Australia has … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.” Bond investors go … Read more
by Dave Kranzler of Investment Research Dynamics The post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up … Read more
by ReadMurrayBookchin I compiled a list of some of the places where we could see the beginnings of a global financial crisis. I don’t know very much about developing markets … Read more
Authored by Charles Hugh Smith via OfTwoMinds blog, Keep an eye on the system’s buffers. They look fine until they suddenly collapse. The doom-and-gloomers among us who have been predicting … Read more
By Ruby Henley The Massachusetts House of Representatives recently passed a bill that would give judges the power to seize weapons from individuals reported as a danger to themselves or … Read more
Merkel is obliviously out of touch with the native German people. I hope she’s forced to resign sometime soon, so the German people can move on without her. AC