Why the Fed Denied the Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s…
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The Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
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Japan’s Not Really A Domino, Though The Timing Is Right
By Jeffrey P. Snider This year is just different. Increasingly so. Not just in one or two places, either, but in way too many places….
Read MoreChina’s Trade Surplus With US Hits Record High as Export Growth Declines
by Mike Mish Shedlock US trade data with China makes it increasingly likely Trump will increase tariffs on China. Bloomberg reports China Trade Outlook Darkens as…
Read MoreLaissez-Faire and Little Englanderism: The Rise, Fall, Rise, and Fall of the Manchester School
By Gregory Bresiger from THE JOURNAL OF LIBERTARIAN STUDIES Volume 13, Number 1 (1997) War Follows Protection. Peace Follows Free Trade. As David Ricardo said, “If…
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Zero Hedge: US Ports Fear Tariffs Could Collapse Ship Traffic And Reduce Jobs
President Donald Trump has repeatedly told the American people his trade war pitch: “Tariffs are the greatest!” Except they are not — and a new…
Read MoreInterest Rates Need to Tell the Truth
In the middle of July 2018, President Donald Trump said in an interview that he was “not happy” with the Federal Reserve nudging up…
Read MoreOn the wealth, and poverty, of nations
“There’s a great deal of ruin in a nation.” Adam Smith, in correspondence discussing the Battle of Saratoga, which marked a turning point…
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Divergent – the breakdown of stock market correlations, temp or perm?
Emerging market stocks have stabilised, helped by the strength of US equities Rising emerging market bond yields are beginning to attract investor attention…
Read MoreThe Economist’s Original Prospectus From Its Founding
Editor’s Note: I found this on their website, an interesting piece to read in 2018… …………………………………………………….. And now we beg to submit the…
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