Emerging Markets Fear Yellen, But Need To Keep Their Eye On Draghi
Mr. Steil is director of international economics at the Council on Foreign Relations. Ms. Smith is an analyst at the Council. President of the European…
David Stockman: The Warmongers’ Brawl——How The GOP Is Deserting Free Markets, Sound Money And Fiscal Rectitude
Source: http://davidstockmanscontracorner.com/the-warmongers-brawl-how-the-gop-is-deserting-free-markets-sound-money-and-fiscal-rectitude/ According to Dante’s Divine Comedy the inscription on the gates to hell says, “Abandon hope all ye who enter here”. That phrase should…
Zero Hedge: About That “Surging” Chinese Trade Data, There Is Just One Thing…
Source: http://www.zerohedge.com/news/2016-01-13/about-surging-chinese-trade-data-there-just-one-thing While Chinese New Year seasonals are undoubtedly one factor in last night’s “surprisingly good” Chinese trade data, the following chart shows the…
Eugen von Bohm-Bawerk: How Peak Debt Constrain the Fed from Moving Rates Higher
Source: http://bawerk.net/2015/12/11/how-peak-debt-constrain-the-fed-from-moving-rates-higher/ We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal…
Mises.org: The Problem With “Rules-Based” Monetary Policy
Source: https://mises.org/library/problem-rules-based-monetary-policy Author: Tommy Behnke The phrase “rules-based monetary policy” has frequented conservative circles a lot lately. Republican presidential candidate Ted Cruz expressed his…
Zero Hedge: What Will Happen To Corporate Profits If The Fed Hikes In December
Source: http://www.zerohedge.com/news/2015-11-20/what-will-happen-corporate-profits-if-fed-hikes-december Q3 will be the first quarter in which the US officially suffers an earnings recession: two consecutive quarters of declining annual EPS…
David Stockman: The Bubble Finance Cycle——What Our Keynesian School Marm Doesn’t Get. Parts 1 & 2
Source: http://davidstockmanscontracorner.com/the-bubble-finance-cycle-what-our-keynesian-school-marm-doesnt-get/ Part 1 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary…
Mish: US Import/Export Prices Show Cross Border Deflationary Pressures
Source: Mike “Mish” Shedlock http://globaleconomicanalysis.blogspot.co.uk/2015/11/us-importexport-prices-show-cross.html There’s a slew of US economic reports out today. Let’s take a look starting with a look at Import…
Mises.org: The Fed Desperately Tries to Maintain the Status Quo
Source: https://mises.org/library/fed-desperately-tries-maintain-status-quo During the press conferences of recent FOMC meetings, millions of well-educated investment professionals have been sitting in front of their screens, chewing…
Eugen von Bohn Bawerk: The Yield Curve and GDP – a causal relationship?
Source: http://bawerk.net/2015/10/30/the-yield-curve-and-gdp-a-causal-relationship/ One of the most reliable indicators of an imminent recession through recent history has been the yield curve. Whenever longer dated rates…