Citibank's Global Chief Economist Willem Buiter is another in a line of economic idiots (sorry, but no other word is more accurate) who call for abolishing cash and taxing deposits. Read more at http://globaleconomicanalysis.blogspot.com/#MEkIuZLem0cRWD1B.99
Greece is threatening to withhold payments to the IMF in in May and June. This time it does not sound like a bluff. And if it's not a bluff, we will finally know precisely when midnight occurs.
I received many questions and comments regarding Obama's Trans-Pacific Partnership Fiasco vs. Mish's Proposed Free Trade Alternative. While most do see Obama's Trans-Pacific Partnership (TPP) as a fiasco, many question my alternative proposal.
In response to Republican questioning on monetary policy and employment, Bernanke replied the Fed Already Follows Policy Rule.
Reader Richard asked me to comment on Obama's Trans-Pacific Partnership (TPP) proposal.
Futures were negative following Friday's dismal job showing but that lasted only as long as the the market open.
April 9th was one of the critical dates by which Greece was said to be out of cash. By now most expect these kinds of deadlines to come and go in belief the eurozone hat has an endless supply of rabbits.
Inquiring minds are investigating the Commerce Department report on International Trade in Goods and Services for February 2015, for clues about first quarter GDP.
I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank's ability to lend money into existence, and deposit insurance.
The string of bad data reports not only applies to the US, economists up North appear to be no better at predicting the weather than US economists.
CoreLogic chief economist Dr. Frank Nothaft says Strong Economic Growth To Propel US Housing Market in 2015.
Of S&P 500 companies providing first-quarter outlooks, MarketWatch reports 84% have been negative as Profit Warnings Pile Up.
Many market watchers have their eye on jobs and the unemployment rate as the determinant of when the Fed will hike.
The durable goods report for February was released on Wednesday. It was another disaster in a long line of weak economic reports. And once again economists missed their optimistic estimates by a mile.
Mario Draghi Hit Back at QE Hawks and denied the ECB was blackmailing Greece.
Destabilizing war drill exercises from both NATO and Russia are the order of the day. The more the drills, the more like one side or the other is going to make a major mistake.
Although the Fed removed the word "patient", the rest of Yellen's yap could not possibly have been any more dovish.
Inflation as measured by asset prices is rampant. Inflation as measured by the Fed is actually negative.
The totally useless and always late to the party, Christine Lagarde, just now warns of Emerging Markets Instability.
Streetcars make no economic sense, and they haven't since 1940. And with driverless cars five years away, Detroit ought to be looking forward, not back.