Reflation And Speculators, The Phantoms of 2016
China’s big problem can be succinctly described as where Economics met economics. Capital “E” Economics pushed authorities to over-financialize China in response to the Great “Recession”, which China’s government was only too enthusiastic to do [...]
Financialism, Not Capitalism
Thirty-nine delegates signed the United States Constitution in September 1787, but three refused to. George Mason, Edmund Randolph, and Elbridge Gerry were against the final draft of the document, Gerry included even though he had [...]
Another Reason For Redefining Recovery
The CPI continued its meandering in November, increasing 1.69% year-over-year in a very slight acceleration to October’s 1.64% gain. As oil and energy prices this year are compared to the worst levels last year, the [...]
‘Dollar’ Shortage Extended Into October Consistent With Current Global Money Indications
The Chinese have been undergoing quite a bit of stress lately, with markets including stocks more likely to be in turmoil than not. In fixed income, the Finance Ministry was slightly shaken by a failed [...]
Even Officials Have Been Forced To Recognize It Was Never A Recession
It is all but forgotten now, but in the latter part of 2012 there was widespread angst about a looming “fiscal cliff.” The so-called stabilizers put in place during the crisis were set to expire [...]
Yellen Confirms, This Is It
Wages and slack have been at the center of the economic discussion for almost three years now. The massive shedding of employees that took place during the Great “Recession” left behind a huge pool of [...]
The Strong Dollar Returns
The FOMC voted to raise rates yesterday and the dollar is up, therefore the vote caused the dollar to be up? It’s a classic case of ex hoc ergo propter hoc (after this, because of [...]
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