by Jeffrey P. Snider: Wealth Paradox Not Effect
byby Jeffrey P. Snider US Household Net Worth rose to a record $94.8 trillion in Q1 2017. According to the Federal Reserve’s Financial Accounts…
Central Bank balance sheet adjustment – a path to enlightenment?
byCentral Bank balance sheet adjustment – a path to enlightenment? The balance sheets of the big four Central Banks reached $18.4bln last month The…
ECOFLASH: Economy may force the Fed to reverse its interest rate stance
byThe Fed hiked interest rates for the second time this year, in a widely expected move on Wednesday June 14. The Federal Reserve’s Open Market…
Karl Marx and the Presumption of a ‘Right Side’ to History, Part II
byThose who speak about being on the “right side of history” have, knowingly or not, adopted a central element in Karl Marx’s analysis of…
Economic Ideas: Karl Marx and the Presumption of a “Right Side” to History
byOne of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is…
Zero Hedge: Goldman: The Fed Will Hike This Week, But Here Are “The Two Most Interesting Questions”
byOn Wedensday the FOMC will hike rates by another 25 bps – an event which the Fed Funds market prices in with near virtual…
The NAIRU (Non-Accelerating Inflation Rate of Unemployment) with Multiple Monies
byThe Nonaccelerating Inflation Rate of Unemployment (NAIRU) is the lowest rate of unemployment at which the inflation rate will not increase because, if it…
Trade and Protectionism post globalisation
byProtectionism is on the increase among developed nations The benefits of free-trade have been most evident in developing countries Short-term effects on financial markets…
Zero Hedge: The ECB Has Almost Run Out Of German Bonds To Buy
bySource: http://www.zerohedge.com/news/2017-06-06/ecb-has-almost-run-out-eligible-german-bonds-buy One month ago, when looking at the sudden change in ECB bond purchasing patterns, especially of German Bunds, we reported that the central…
How Long Can the Fed Keep the Boom Going?
byThe US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of…