Prices doubling every two weeks in Venezuela for inflation of over 6 billion percent
• nextbigfuture.com by brian wangA cup of coffee in Venezuela costs 2 million Bolivars but the week before it was 1.4 million Bolivars.
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A cup of coffee in Venezuela costs 2 million Bolivars but the week before it was 1.4 million Bolivars.
Socialist Venezuela's inflation rate is on track to hit a whopping one million percent
A few months ago, most of the so-called experts predicted that China would almost certainly not use its semi-nuclear options, currency devaluation, to respond to Trump's escalating trade war.
Lost in all of the geopolitical noise are some basic concepts of economics. It's no secret that China's economy has been built by their openly mercantilist economic policies.
One month ago, when discussing the recent surge in Chinese corporate bankruptcies, we asked "Is It Time To Start Worrying About China's Debt Default Avalanche."
Industrial production rose a consensus-expected 0.6% in June. However, May was revised from -0.1% to -0.5%.
Turkish Lira Tumbles To Record Low As "Ticking Time Bomb" Looms In Banking System
Chris Duane Everything Bubble going to pop...
Well, it's official: "Japan Inc." is now "Bank of Japan Inc." Oh, OK, not officially official, but just about. As the Nikkei Asian Review reports, the Bank of Japan (BOJ) is now a top-10 shareholder in a whopping 40% of the listed companies in the c
The ECRI says the global slowdown is "very serious". How serious? Not serious enough to cause a recession, yet.
To understand the magnitude of the housing bubbles simply compare the index of wages to the index of prices.
I have a basket of stories on my screen, over 50 tabs open. Here is a peek at some of the stories that caught my eye.
Alpine Macro put together an interesting set of charts with commentary. Let's take a look.
Fed Minutes Show Concern Over Trump's Tariffs in Otherwise Bullish Assessment. Please consider Minutes of the June 12-13, 2018 FOMC Meeting released today. Tariff Concern
Chris Duane-Asset Prices TOTALLY Detached From Reality!
While everyone is debating the effects of possible trade sanctions on the global economy, few are paying attention to a far more serious issue. Enormous global debt, combined with low-interest rates, have set the stage for a global recession that has
Trump believes all he has to do to make things happen is to issue an ultimatum. One Tweet will explain.
The new Italian government will increase public spending and public debt.
It may be a holiday-shortened week in the US, but there is still a lot of market-moving data over the next 5 days with payrolls report and FOMC minutes to look forward as well as a number of manufacturing sector reports around the world. Politics sh
As trade tensions continue to skyrocket and markets around the globe are affected, a Chinese government-backed think tank had a memo leaked warning of potential financial panic. China, the world's second-largest economy, sees the rising tensions as
The alleged "nuclear" option of China dumping treasuries is Much Ado About Nothing. A devaluation is another matter.
Veteran investor Jim Rogers is taking a bet that artificial intelligence is the next big thing in exchange-traded funds.
Emerging-market debt crises are as predictable as spring rain. They happen every 15–20 years, with a few variations and exceptions.
How did we get here? How did the world's greatest democracy and economy become a land of crumbling roads, galloping income inequality, bitter polarization and dysfunctional government?
What started off as a hopeful week of broadening user adoption is ending on a sour note as Japan's chief regulator launched a probe of crypto-exchanges, prompting the largest to halt account creation sending the entire crypto space lower...
Tough to say what the catalyst was for this kneejerk lower aside from severe weakness in Philly Fed (which is admittedly a 2nd tier economic data series at best), but the dollar is tumbling...
Jordan Peterson described how the US military determined that people with an IQ below 83 (1 in 10 people in the USA) could not be trained for anything at any level of the organization that was not counter-productive.
Venezuela has begun to proactively shut-in oil production to cope with nearly replete terminal storage. This will further accelerate an output decline and bring them closer to 1 million barrels per day or even less.
Nobody wants to use the 'B' word, but a bubble is upon us, a growing number of market watchers are warning.
JP Morgan is following yield spreads on the GBI broad bond index. Things are getting serious says one analyst in a Tweet