Jul 29

US Dollar Slides Following GDP Report, Yen Up

The US dollar index now down about 1%, recovering a bit of the initial plunge after the “unexpectedly” weak GDP…

Add Your Comment

Read Article
Jul 28

Puppet Theory: Is Trump Putin’s Puppet?

Slate writer Franklin Foer says “Vladimir Putin has a plan for destroying the West—and that plan looks a lot like…

Add Your Comment

Read Article
Jul 27

Spot the Odd One: Gold Up, Silver Up,

In today’s FOMC Statement the Fed says the labor market has strengthened, household spending is growing strongly, and economic activity…

1 Comment

Read Article
Jul 26

Merkel’s Trojan Horse of Terrorism

The debate in Germany over chancellor Angela Merkel’s open arms welcome of refugees is increasingly vocal and cantankerous on both…

Add Your Comment

Read Article
Jul 25

Helicopter Money and ECB Backdoor Bailouts

What is Helicopter money? Can the Fed or ECB just drop money from the sky? The answer is no, at least…

Add Your Comment

Read Article
Jul 24

Hungary’s Prime Minister Praises Trump

The anti-terrorist message of Donald Trump appeals to Hungary’s prime minister Viktor Orban. Bloomberg reports Hungary’s Viktor Orban Says Donald Trump…

Add Your Comment

Read Article
Jul 22

Ease in Doing and Starting a Business: US

A couple of spreadsheets can easily explain why QE and negative interest rates cannot possibly fix what ails the EU.…

Add Your Comment

Read Article
Jul 21

Dear ECB, What’s in Your Wallet?

Last week the ECB reported that its balance sheet Expanded by €11.26 billion to €3.249 trillion. What is the makeup? How…

Add Your Comment

Read Article
Jul 20

Atlas Rescue Phase II: Italy Eyes Another Private

Atlas, the €4.25 billion fairy tale rescue plan that was supposed to bail €360 billion in bad Italian bank debts…

Add Your Comment

Read Article
Jul 19

Turkey Requests Extradition of Cleric, Revokes License of

Within a week, Erdogan will be dictator of Turkey (assuming he doesn’t deserve that title already). The purge of anyone and…

1 Comment

Read Article
Jul 18

Europe’s Impossible Refugee Math: Brexit Was Mathematical Certainty

In a recent GMO commentary on Immigration and Brexit, founder Jeremy Grantham laid out precise reasons why Brexit was a…

Add Your Comment

Read Article
Jul 15

Military Coup in Turkey, Top Officials Held Hostage,

“Turkish Armed Forces have completely taken over the administration of the country to reinstate constitutional order, human rights and freedoms,…

Add Your Comment

Read Article
Jul 14

Petroleum Usage 2016 vs 2015: Everything Higher but

US petroleum usage in 2016 is up in every category this year compared to last year with the exception of…

Add Your Comment

Read Article
Jul 13

Trial Balloons: Fed’s Harker Calls for Two Rate

The market is openly mocking Patrick Harker, president and chief executive officer of the Federal Reserve Bank of Philadelphia. Harker dismisses…

Add Your Comment

Read Article
Jul 12

Ireland’s GDP Up Stunning 26%; Expect France to

Ireland’s GDP is up a stunning 26% this year via the ridiculous way GDP is measured. Bloomberg reports Ireland Stuns World…

Add Your Comment

Read Article
Jul 11

Stellar Opportunity for UK to Set Example for

IMF head Christine Lagarde has flip-flopped twice on the impact of Brexit. Ahead of the vote on Brexit, IMF head Christine…

Add Your Comment

Read Article
Jul 10

Deutsche Bank Chief Economist: “Europe is Seriously Ill”,

David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout…

Add Your Comment

Read Article
Jul 9

Irony of the Day: Hollande Lectures US About

French president Francois Hollande endorsed Hillary Clinton while warning “U.S. Election Risks Turning Into Brexit Vote II”. French President Francois Hollande,…

Add Your Comment

Read Article
Jul 8

Consumer Credit Jumps $18.6 B, Mostly Student Loans

Consumer credit rose 6.25 percent according to the Fed G.19 Consumer Credit Release for May. Revolving credit increased at an annual…

Add Your Comment

Read Article