by Simon Black Europe’s leading economic policy makers have officially thrown in the towel. Last week, the European Central Bank admitted economic conditions are so dire that it already has to reverse its monetary policy. I’ll get back to that in a minute… …
by David Haggith In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government …
by John Rubino Chris Martenson: “Ben Bernanke is the father of both Donald Trump and Alexandria Ocasio-Cortez” … Bethany McLean on the fraud that is fracking … Michael Pento: Falling interest rates are “rocket fuel for gold” … Harry Dent …
by Simon Black It’s not enough to hand over your money to the government anymore. Now you have to pay them for the privilege to do so. That’s the basic premise behind negative interest rates: investors around the world are crazy …
Money manager Michael Pento gives his simple economic road map. Pento says, “We’re going to have one final whoosh down in stock prices and in the economy. That’s going to bring Jerome Powell (Fed Head) back to 0% interest rates …
by these-things-happen The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning April 1, 2019. The rates are: • six (6) percent for individual overpayments (refunds) • six (6) percent for individual …
A litany of problems, from too much debts to deflating housing bubbles in Vancouver and Toronto. By Steve Saretsky, Vancouver, Canada, Vancity Condo Guide: With the Bank of Canada’s overnight interest rate stalled out at 1.75%, lower than the rate of …
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 his masterly primer on economics, Economics in One Lesson, in …
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 rates near the end of 2015 (from 0.25% to 2.5% …
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 Otterloo investment management The following is an excerpt from the …
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. The rationale for that is in one sense simple as …
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 and consolidation of corporate market power in entire industries, largely …
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 not as if we have been caught by surprise, as …
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 imposed cash grabs via Negative Interest Rate Policy (NIRP). That’s …
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 of 60% sticks out like a sore thumb in these …
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. Do you think that rising interest rates will have a …
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 not normal times. The Fed reported its preliminary results this morning for …
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 media activity around the statement from Bank of England Governor …
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, the odds of a March 2019 rate cut – as …
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 debt load. While they’re not currently a subject of President …
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 DeVos at a conference on financial aid. That’s because their …
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 done so earlier this year — as many economists had expected. …
https://www.youtube.com/watch?v=xg11fN-cKKA
by Michael Snyder The Federal Reserve is responsible for creating the stock market boom that we have witnessed in recent years. Are they now also setting the stage for a stock market bust? After hitting an all-time high earlier this year, …
More financial technology startups are wading into a crowded, stodgy business: checking accounts. Last spring, personal finance app Acorns and lending startup SoFi announced new debit cards. “Neobank” Chime has been offering free online checking accounts since 2014, and it …
via mises: In his speech to the Economic Club of New York on November 28 2018, the Federal Reserve Board Chairman Jerome Powell said that the US central bank’s policy interest rate is just below the neutral rate. This prompted many …
By Bill Bonner BALTIMORE, MARYLAND – The show went on! And, as we predicted, The Donald claimed victory… and stocks went up. When we left you on Friday, Mr. Trump was on Air Force One. He was on his way to …
by Chris Kimble Could interest rates be peaking after moving much higher over the past 5-years? Yes! Joe Friday shares that the yield on the 5-year note, looks like it created an important topping pattern last month. This chart looks at …
by Shaun Richards It was not that long ago that many of us “experts” in the interest-rate market felt that negative interest-rates could not be sustained. Back then the past Swiss example could be considered a tax – which remains …
by WARREN MOSLER Trade deficit still increasing: Highlights The goods portion of October’s trade deficit is deeper than expected, at $77.2 billion vs expectations for $76.9 billion and compared with a monthly average in the third-quarter of $74.6 billion. October’s …