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The discussion around the political economy of slavery has been one of the central debates in the academic study of the Peculiar Institution in the Antebellum South.
This morning, we are wondering: How dumb is the Fed? The question was prompted by this comment by former Fed insider Chris Whalen at The Institutional Risk Analyst blog...
A world in which "we do these things because they're easy" has one end-state: collapse. On September 12, 1962, President John F. Kennedy gave a famous speech announcing the national goal of going to the moon by the end of the decade. ( JFK's s
JPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company's earnings conference call Friday.
Blain's Morning Porridge, July 13 "Never mind manoeuvers, always go at them." Methinks we worry too much.
On net, whites generate a $249.52 billion surplus, or $1,260 per person if you assign 100% of military spending to whites. If you just give whites a proportional share of military spending, their surplus goes up to $553.52 billion total and $2,795 pe
Federal Reserve Chair Janet Yellen recently predicted that, thanks to the regulations implemented after the 2008 market meltdown, America would not experience another economic crisis "in our lifetimes."
23 SHARES Twitter Facebook Reddit Fed Chair Janet Yellen's prepared remarks confirm her previous stance that they will keep normalizing their policy stance (no matter what), bringing forward the timeline for unwinding the balance sheet, and
The Internet has brought prosperity to many, but suburbia, where poverty is rising dramatically, is not included. Technocrat-minded companies like Amazon are most often blamed for creating a new class of citizens – the 'unemployables.' ? TN E
The Internet has brought prosperity to many, but suburbia, where poverty is rising dramatically, is not included. Technocrat-minded companies like Amazon are most often blamed for creating a new class of citizens – the 'unemployables.' ? TN E
As Jim Reid writes, "it's been a very dull 24 hours" in the markets, so to pass the time the Deutsche strategist recapped his bigger picture thoughts "on government bond yields given the sell-off of the last two weeks." Hardly surprising, he goes alo
Well they "built it", but in May, "no one came." Wholesale Inventories rose a better-than-expected 0.4% MoM but sales tumbled worse-than-expected 0.5% (the 3rd monthly decline in a row). Inventories reversed April's decline...
Dying Middle Class: The Number Of Americans That Can't Afford Their Own Homes Has More Than Doubled
You can almost hear the announcer for the movie trailer; "In a world stricken by financial crisis, a country plagued by spiraling deficits and cities on the verge of collapse - a war is being waged; gauntlet's thrown down and at the hear
Federal Reserve Chair Janet Yellen recently predicted that, thanks to the regulations implemented after the 2008 market meltdown, America would not experience another economic crisis "in our lifetimes." Yellen's statement should send shivers do
Hilary Till and Richard Heckinger have seen risk management succeed and fail from the inside.
After the 2013 "reflation" selloff, it took just about two years for the treasury market to revisit (10s) the 2013 lows (rates).
Time and time again, the Fed sows seeds of the next financial crisis in actions it takes to mitigate the previous financial crisis that it caused.
On July 3, we discussed the divergence between the Markit and ISM diffusion indexes for manufacturing
With all the talk of central bank hawkishness in the last week, one might assume there was some inflation to point to. It is quite the opposite. It is one thing to talk about inflation being below the Fed's target of 2%, it is an entirely different
As we await all US carmakers to report June auto sales, we remind readers that when we discussed last month's disappointing monthly car sales report, which badly missed expectations showing the fifth consecutive month of declining auto sales - the fi
As we await all US carmakers to report June auto sales, we remind readers that when we discussed last month's disappointing monthly car sales report, which badly missed expectations showing the fifth consecutive month of declining auto sales - the fi
The state of US manufacturing at any given moment is supposed to be simple: it is either expanding, or it is contracting. Except, of course, when it is doing both.
With Illinois facing a Friday night deadline by which it has to come up with its first fiscal budget in three years or face a downgrade to junk resulting in what a policymaker called a "death spiral", another mini drama is taking place in Connect
Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down.
It's official, folks: You don't have to worry about a financial crisis ever again! Well, your children might, but you are in the clear!
Global debt levels have surged to an insurmountable level. For the only time in human history, the planet has recorded a whopping $217 trillion in the first quarter of the year and the debt to GDP ration is 327%.
Entered By: Dave Hodges
Reader Brian emailed an ad for huge discounts on cars. The fine print is rather amusing: Must be subprime and must finance through Chrysler Capital.
The trade deficit narrowed from -$67.138 billion to -$65.879 billion in May as exports rose 0.4% and imports fell 0.4%.
Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.
