Markets Crash, Gold Skyrockets as Britain Takes Brexit
By Ian Bach.
As of the time of this writing most of the votes have been counted and it appears Britain has voted to leave the European Union.
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I’m personally shocked. But from a Jubilee Year [...]
New Questions About the Financial Crisis Inquiry Commission
By Peter J. wallison.
The report of the Financial Crisis Inquiry Commission (FCIC) is frequently cited as the authoritative source for the causes of the 2008 crisis, but its key findings are contradicted by documents in its own [...]
They’re coming for your bonus
By Peter J. Wallison.
America’s economic recovery since the recession ended in 2009 has been the weakest in decades, principally because the 2010 Dodd-Frank financial law suppresses risk-taking. Now another [...]
The MetLife decision affects asset management, too.
By Peter J. Wallison.
Treasury Secretary Jack Lew took to the Wall Street Journal’s digital commentary page on Tuesday night to take issue with “Opponents of financial reform [who] are cheering a court decision [...]
The TBTF fix no one’s discussing simpler capital ratios
By Peter J. Wallison.
When it was enacted, the Dodd-Frank Act was advertised as the answer to the too-big-to-fail problem: the threat of taxpayer bailouts because the government is unwilling to let a large bank fail.
But [...]
An American debt service explosion
By John Mariotti.
Occupy Wall Street sign in New Hampshire via granitegrok.com
This year the US government will spend almost $250 billion in interest to service the country’s $19+, (soon to be $20 trillion) national [...]
Dodd-Frank Hasn’t Eliminated TBTF Banks
By Peter J. Wallison
The reason the administration doesn’t “trumpet” Dodd-Frank’s elimination of too-big-to-fail is simple: the act doesn’t do that.
In answer to Alan Blinder’s “Why Trump, the ‘King of Debt,’ [...]
Letter to the editor
By Peter J. Wallison.
To the Editor:
Re “President Trump, Unbound,” by Eric Posner (Op-Ed, June 4):
The sad fact is that, if he is elected, Donald Trump will follow in office a president who has shown less regard for the [...]
The IMF’s Feeding the Press Unreliable Inflation Figures on Venezuela
By Steve hanke.
I have been saving bits of misreported statistical string about Venezuela’s inflation over the past couple of months, and it has become a giant ball. The bits all come from the International Monetary Fund (IMF)
The IMF’s [...]
On the Price of Oil
By Steve Hanke.
Since its high of almost $108/bbl in June of 2014, we have witnessed a stunning collapse in the price of oil. Indeed, in February 2016, a barrel of West Texas Intermediate (WTI) was trading at $26/bbl, a 76 percent [...]
Stock Market Elliott Wave Count, Economic Cycle and Equities Cycle
By Chris Vermeulen.
As you know a picture is worth 1000 words so consider this short yet detailed post a juicy 2000+ word report on the current state of the stock market and economic cycle.
The charts below I think will help you see where [...]
Commentary: Chasing the Possibility of 7% GDP Growth, Sustainably
By Jamil Maidan.
The demographic dividend is one of the key drivers for Indonesia’s well-known structural growth story. The basic thesis is that as Indonesia’s population enters a productive age, per-capita income [...]
Cash Holdings of Apple and Other Tech High Fliers Are A Massive Risk in This Debt Jubilee Era
By Jeff Berwick.
Throw every “norm” out the window. This Keynesian, central banking world has everything so distorted that nothing makes sense anymore.
There are currently more than $7 trillion in bonds, worldwide, [...]
On the want of U.S. government debt
By David Andolfatto.
In a recent article, Narayana Kocherlakota lays out the case for why, under present conditions, the U.S. government should be issuing more debt, using the proceeds to cut taxes, finance infrastructure spending, [...]
The IMF Predicts a Collapse of Venezuela’s Bolivar
By Steve Hanke.
In January, the International Monetary Fund (IMF) told us that Venezuela’s annual inflation rate would hit 720 percent by the end of the year. The IMF’s World Economic Outlook, which was published in April, stuck with [...]
Hillary Clinton Wants Husband Bill in Charge of Economic Revitalization
by Stephen Lendman.
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Campaigning in Kentucky, Hillary Clinton said she’ll put husband Bill in charge of “revitalizing the economy” to create jobs – with little further elaboration.
Former labor secretary in his [...]
Getting A Heartbeat
By Richard Mills.
As a general rule, the most successful man in life is the man who has the best information
PricewaterhouseCoopers LLP (PwC) has recently released their 48th annual British Columbia Mining Report.
We all know commodity [...]
China’s Spillovers On Latin America and the Caribbean
By Otaviano Canuto.
The Chinese economy is rebalancing while softening its growth pace. China’s spillovers on the global economy have operated through trade, commodity prices, and financial channels. The global reach of the [...]
Flip Flops Only Days After Saying He’d Default – Now Says He’ll Hyperinflate
By Jeff Berwick.
It was just yesterday that we said that Donald Trump had chosen the best of the two available options for the US government. The two, and only two, options are to default on the debt or to hyperinflate. [...]
The Protein Ladder
By Richard Mills.
As a general rule, the most successful man in life is the man who has the best information
In 1800, three percent of the world’s population lived in urban areas. By 1900, roughly 14 percent of [...]