Thanks to Bailouts, Wall Street Banks Are More Fragile than Ever
The financial covid crash of 2020 came and went in a month as the US government threw every monetary and fiscal trick it had at…
Zero Hedge: Is Stagflation Here: Comparing The 2020s With The 1970s…
Now that the fear of stagflation is a growing concern on Wall Street as the latest BofA Fund Manager Survey showed… … as the inflation debate…
Three Things the Fed Must Do to Normalize Bond Markets
By late in the second decade of the twenty-first century, we could say that the long-term US interest rate market had been dysfunctional for…
The nature of China’s social credit system
China’s new economic guiding principle, the dual circulation strategy, encompasses several ambitious goals, among them boosting domestic consumption and taking the lead in key…
Mike Shedlock: Investors Rush to Buy Nearly 1 in 4 Homes
Investors are buying huge percentages of existing home sales. Corelogic reports Single-Family Investor Activity Surges in the Second Quarter. Large investors (those who retain 100…
Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation
Last week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show…
The Rise and Fall of the Japanese Miracle
In 1943, John Maynard Keynes claimed that central-bank credit expansion performs the “miracle of turning a stone into bread.” In its attempt to revive…
The Eurozone Is Going down the Same Stagnating Road as Japan
The European Central Bank announced a tapering of the repurchase program on September 9. One would imagine that this is a sensible idea given the recent…
Modern Monetary Theory: the Name is New, but the “Theory” is Not.
The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim…
Estonia After 30 Years of Independence: A Role Model for Europe
by Federico N. Fernández Communism was the worst tragedy ever to befall mankind. However, the brave Estonians weathered the storm and, once they had regained…