For honest money and social progress
By Jeffrey P Snider. Source: http://www.alhambrapartners.com/2016/09/16/more-data-for-the-data-dependent-to-ignore/ The University of Michigan released its September update for their surveys of consumers. The overall index of consumer “sentiment”…
The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
FOMC have changed their normalizing strategy several times and we now see the contours of yet another shift. The Federal Reserve was supposed to…
By Mike “Mish” Shedlock Source: https://mishtalk.com/2016/08/25/how-long-will-it-take-for-the-ecb-to-own-all-sovereign-debt-of-spain-germany-france/ Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the…
The Bank of England has recently announced a new round of quantitative easing alongside an interest rates cut, pushing £100 billion into banks, with…
Italian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping €360 billion in…
By David Stockman During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200…
From Bawerk.net Source: http://bawerk.net/2016/07/29/the-fomc-butterfly-that-will-ruin-the-world/ Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then,…
By Pater Tenebrarum Chopper Pilot Descends on Nippon Readers are probably aware of recent events in Japan, the global laboratory for interventionist experiments. The theories…
By Jeffrey P. Snider Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to…