Xi To Davos: If You’re Waiting For Us, We’re Waiting For You
The Chinese erstwhile dictator Xi Jinping asked the Davos gathering of the superrich, can’t we all just get along? More than a weird juxtaposition, appearing virtually before other virtual attendees, the Communist strongman wanted to [...]
Eurodollar University’s Making Sense; Episode 43; Part 1: Inflation Per the Suasion
43.1 The Fed doesn't do Money so it offers SuasionCentral banks cannot define, identify, measure or map modern money. And they haven't been able to since the 1970s. So instead they offer "moral suasion". That's [...]
5 States Lowering Taxes in 2021
To modify an old journalism adage, “When a state raises taxes, that’s expected. But when a state lowers taxes, that’s news!” And, believe it or not, there are some states doing just that in 2021. [...]
No Talk In The Dollar Shadows
The company isn’t bankrupt, it just doesn’t have the right currency in its reach to repay debts coming due. YPF is Argentina’s (former) gold mine, in this case the black gold of energy exploitation. State-owned, [...]
Eurodollar University’s Making Sense; Episode 42; Part 2: The Other Side of TIPS
42.2 Real Yields Near Record Lows say Economy's AwfulReal yields recently hit RECORD lows. Yes, inflation is rising but is that due to the real economy expanding? Real yields say, "No!". Real yields say, 'The [...]
The Smallest Bit of Empathy For The Swollen Herd
Why isn’t the inflation monster right upon us? Well, for one, central banks only pretend to do money. But setting that aside, it’s worth asking how even if they did do money, could inflation result [...]
Future Stimulus Math
Sticking with Europe, central bankers want and expect higher inflation because that would confirm an economy strong enough – and monetarily sufficed – to sustain success. It’s the sustainability which has been lacking; the global [...]
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