The economy is is getting better for some, but more say it's getting worse. In aggregate, people do not buy this recovery talk. Should they?
It is amusing reading day in and day out the Keynesian cure for what ails Europe, especially France.
Ireland, Spain, and the Netherlands cannot sustain a eurozone recovery. A recession in Germany is on the way, and will take the rest of Europe along for the ride.
Contrary to popular belief, inflation will not spur consumer spending. Nor will inflation create any jobs or cause wage inflation.
Obamacare greatly expanded Medicaid coverage, but there is a hidden gotcha that may come back and haunt your heirs for benefits you receive from age 55-64.
Mainstream media headlines in the last two days offer an amusing look at GDP forecasts.
Every day, the cost of a plane ticket out of Venezuela goes up. That assumes you can get a plane ticket, and you probably cannot, even if you booked three months ago.
If Nicholas Sarkozy won the last presidential election instead of Francois Hollande, there would be no investigation. Is Lagarde guilty of anything?
I do not support a VAT, but as long as we are going to have taxes at all (and we are), then we need to make them as fair as possible. A broad-based consumption tax on everything but food and medicine would do exactly that.
Economy minister Arnaud Montebourg stepped over the line last weekend criticizing the policies of president Francois Hollande. Some sources report that prime minister Manuel Valls gave Hollande a "him or me" ultimatum, but Valls disputes that claim.
Central banks are generally clueless about the state of the economy. This has been proven time and time again.
As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of the population in 2012 to about 40% in 2014.
As noted in German Two-Year Bonds Have Negative Yield, Demand High; Euro Bond Bubble Guaranteed to Burst, " Banks lend (provided they are not capital impaired), when credit-worthy borrowers want credit and banks perceive risks worth lending."
The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the total 'pensions piggy bank'. If extractions continue at the current rate, the fund would be exhausted in 4 years.
Turnout in some Los Angeles elections is so low that LA Considers Giving Citizens Lottery Tickets if they Vote.
Congratulations go to Forbes columnist John Tamny and editor of Real Clear Markets for producing the "Idiot's Guide to Austrian Economics'. Ironically, that is not exactly what Tamny set out to do.
Given the huge numbers of people employed in food industries, especially fast food, a growth area for food robotics seems relatively easy to spot.
The biggest winners are states involved in energy production, finance, or healthcare. The biggest losers are states that did not recover from the real estate bust, or lost population due to emigration.
You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine.
Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there really hasn't been any austerity.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 24th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for September 22nd, 2014 | John Ransom
In Other News: Bi-Partisan Agreement that Debbie Wasserman Schultz is a Horrible Person | Michael Schaus