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    The Impossibility of Negative Rates
Dec 5, 2019 - 09:44:08 PST
The economics discussion would be greatly enhanced if it were better understood that underlying all spending, selling, saving, lending, borrowing, and investing is an exchange of products, services or labor.
The stock market's poor start to December halted the kind of euphoric rally that has marked the end of past bull markets.
    Who Will Be the King of Digital Currency?
Dec 5, 2019 - 09:31:16 PST
From a hands-off approach to a gradual embrace, central banks are fighting a pitched battle to assert their digital monetary supremacy
The increase was fueled by actuarially insufficient state contributions and lower-than-expected investment returns...
    Hiring Trends in Recessions by Size of Firms
Dec 5, 2019 - 09:18:21 PST
Medium-sized firms show the steepest reactions in recessions and recoveries. Recession comparisons to 2007 stand out.
    Dimon’s View Of Economic Reality Is Still Delusional
Dec 5, 2019 - 09:15:38 PST
With the slowest average annual growth rate in history, it is hard to suggest the economy has been the best it has ever been.
    Inflation Is Coming
Dec 5, 2019 - 08:43:16 PST
All the Trends That Were Deflationary Are Slowly Going in Reverse. But of all potential economic outcomes, the one least anticipated and least priced in, is an uptick in inflation.
    Costs Are Spiraling Out of Control
Dec 5, 2019 - 08:32:55 PST
And how do we pay for these spiraling out of control costs? By borrowing more, of course.
    ‘Free Money’ Could Spark Crisis
Dec 5, 2019 - 08:24:23 PST
If a crisis erupts it will be due to high national debt, primarily in the US, Japan and UK, as well as the liquidity pumped into the global system over the last decade.
The Federal Reserve estimates that more than a third of the 45 million Americans burdened by that debt are under 30.
    Hospitals Sue Trump to Keep Negotiated Prices Secret
Dec 5, 2019 - 08:17:26 PST
The nation’s hospital groups sued the Trump administration on Wednesday over a new federal rule that would require them to disclose the discounted prices they give insurers for all sorts of procedures.
    HSBC to Bring in Single Overdraft Rate of 40%
Dec 5, 2019 - 08:13:09 PST
The move will as much as quadruple the rate it charges some customers.
    Treasury Secretary Mnuchin Warns of New Global Taxes
Dec 5, 2019 - 08:10:11 PST
Treasury Secretary Steven Mnuchin voices opposition to the OECD about the recent introduction of digital services taxes.
Officials say Evil Corp. developed and distributed a type of malware that infected computers around the world and harvested banking credentials in order to steal some $100 million.
    US Factory Orders Contract YoY For 3rd Straight Month
Dec 5, 2019 - 07:34:09 PST
This is the 3rd straight month of annual declines (and 5th of the last 6 months).
    NY Fed Accepts $78.7 Billion Overnight Repo Bids
Dec 5, 2019 - 07:32:17 PST
Thursday’s accepted bids were up from Wednesday’s total of $70.1 billion.
Harvey Organ says they've conducted another raid on both gold and silver to try and quell demand. Here are the details...
    The Lurking Inflation Monster
December 5, 2019
Where's the inflation?
The Federal Reserve printed money for nearly a decade, and yet, inflation - as measured by the government - has been "muted."
What gives?
Gold is poised to join the "all-time-highs" club in the upcoming decade.
No, this isn't the musing of some gold-bug. It's analysis from a pretty mainstream source — Bloomberg Intelligence.
Stocks have set new records over the last several weeks and the dollar hit 2-year highs this fall. But writing in the commodity outlook, Bloomberg Intelligence senior commodities strategist Mike McGlone made the obvious point that stocks and the dollar can't go up forever. When the tide turns, the reversal could boost gold to all-time highs.
    Signs Point to Global Recession
Dec 5, 2019 - 05:26:28 PST
Policy-makers ignore Minsky’s lessons at their peril...