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by Brian Maher of Daily Reckoning “From time immemorial proverbial wisdom has taught the virtues of saving,” wrote Henry Hazlitt, “and warned against the consequences of prodigality and waste.” Hazlitt authored … Read more
by Simon Black And just like that, it seems we’re headed back to quantitative easing… After cutting interest rates to nearly zero following the 2008 crisis, the Federal Reserve starting raising … Read more
by Dave Kranzler of Investment Research Dynamics “Our advice is to own as little exposure U.S. equity exposure as your career risk allows.” – Martin Tarlie, member of portfolio allocation at Grantham, Mayo, Van … Read more
by Shaun Richards This week has seen a development I have long-expected and forecast. That is that the establishment will respond to the next economic slow down with negative interest-rates. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Powell, Draghi, Kuroda, et al.: Did ya see this NBER study? This is something we have seen since the Financial Crisis all around us: The concentration … Read more
by Shaun Richards This feels like one of those days where there has been an epoch shift or to be more specific the morning after the night before. It is … Read more
by Graham Summers of Gains, Pains, & Capital If you’re looking for a template for what’s coming to the US during the next crisis, Europe is the place to start. Europe has already … Read more
by Shaun Richards In these times of ultra low interest-rates in the western world anywhere with any sort of interest-rate sticks out. In the case of Argentina an official interest-rate … Read more
People have been conditioned to accept the maximum quantity of debt they can get. This is unacceptable and will surely be a losing battle. Yet so many people do this. … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are … Read more
by Shaun Richards Yesterday was another poor day for the Forward Guidance provided by central bankers as we note developments in the US and UK. There was a flurry of … Read more
by: Ethan Huff (Natural News) Did you know that the nation’s largest producer of repurposed toilet waste, aka “biosolids,” is owned by an investment group that also maintains a “formal … Read more
from Zero Hedge Say goodbye to the rate hikes. As of this morning, not only are the odds of a rate hike in 2019 zero, but according to the Eurodollar market, … Read more
via CBS NEWS: The Fed’s interest rate hikes are doing more than hitting consumers in the credit cards. They’re also making it much more expensive for the U.S. to carry its … Read more
via CNBC: Currently, fewer than a quarter of student loan borrowers are repaying their principal, or what they originally took out, according to recent remarks made by Education Secretary Betsy … Read more
via MarketWatch: If you have credit-card debt, it just got a little more expensive. The Federal Reserve on Wednesday once again raised its benchmark federal funds rate — having already … Read more