Three Things the Fed Must Do to Normalize Bond Markets
byBy late in the second decade of the twenty-first century, we could say that the long-term US interest rate market had been dysfunctional for…
The nature of China’s social credit system
byChina’s new economic guiding principle, the dual circulation strategy, encompasses several ambitious goals, among them boosting domestic consumption and taking the lead in key…
Mike Shedlock: Investors Rush to Buy Nearly 1 in 4 Homes
byInvestors are buying huge percentages of existing home sales. Corelogic reports Single-Family Investor Activity Surges in the Second Quarter. Large investors (those who retain 100…
Money velocity and prices
byBy Dr Frank Shostak The yearly growth rate of US AMS jumped to almost 80% by February 2021 (see chart). Given such massive increase…
The stagflation myth
byDescribing evolving inflationary conditions as stagflation misses the point about today’s inflationary conditions. Stagflation was originally used only in the context of excessive wage…
Inflation-Loving Governments Are Now Blaming Private Businesses for Inflation
byLast week, Ned Davis Research published a note titled “Turns Out, Growth Looks like It Was Transitory—Inflation Is More Sticky.” There are many factors that show…
Biden’s $3.5 Trillion “Make Big Government Even Bigger” Plan
byPresident Joe Biden journeyed from the White House to the Capitol building on October 1, 2021. There he admonished and pressured Democratic Party Senators…
Economic theory and long-wave cycles
byInvestors and others are confused by the early stages of accelerating price inflation. One misleading belief is in cycles of industrial production, such as…
Biden’s Demagoguery that Government Spending is Costless
byThere is only one way to describe the fiscal mindset of those in the White House and in Congress who are proposing new federal…
Have long-term US T-bonds entered bear market?
byBy Dr Frank Shostak After closing at 0.53% in July 2020 the yield on the 10-year US T-Bond moved relentlessly higher closing on Tuesday…