Zero Hedge: With The Greek Crisis Back, There Are Five Possible Scenarios From Here
As discussed last Friday, Greece is back in the public spotlight and – hardly surprising – it is once again on the verge of…
Steve Mnuchin Defends the Myth of Fed Independence
By Tho Bishop One of the biggest surprises during Donald Trump’s unconventional presidential campaign was his frequent criticism of the Federal Reserve. Though he was…
Jeffrey P. Snider: Economic Hope As Inventory
Inventories in the fourth quarter rebounded rather sharply, at least in terms of how inventory is calculated as a contribution to GDP. The GDP…
Doug Casey: Comparing the 1930s and Today
You’ve heard the axiom “History repeats itself.” It does, but never in exactly the same way. To apply the lessons of the past, we…
Benn Steil: Mini Mac Trumps the Big Mac
The “law of one price” holds that identical goods should trade for the same price in an efficient market. But how well does it…
Italy Needs a Dose of Bugatti Capitalism
by Marcia Christoff-Kurapovna There is a peculiar intellectual and emotional revulsion that comes with reading about Italy’s endless cycle of economic and political woes…
Mish Shedlock: In Search of Elephant in Room, Fed Governors Come Up Empty
Fed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“. The Federal Reserve does not see “broadly unsustainable asset…
Bawerk.net: Chinese Philosopher Kings, Losing their Yuan FX Religion?
It took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the…
Jeffrey P. Snider: One Small (But Important) View of ‘Dollars’ From Europe
Source: http://www.alhambrapartners.com/2017/01/03/one-small-but-important-view-of-dollars-from-europe/ Nothing says “fixed” quite like bureaucrats responding to a past crisis they did not foresee (and in the case of European bureaucrats, actively…
David Gordon on Mervyn King: Central Bankers Are Losing Faith in Their Own Alchemy
Mervyn King is the British Ben Bernanke. An eminent academic economist, who now teaches both at New York University and the London School of…