How Much Money Have Humans Created - A Visual History

The dollar amounts are so staggering, that simply telling you how much money humans have created probably wouldn’t convey the magnitude. However, by using data visualization in this video, we can relate numbers in the millions, billions, and trillions to create the context to make it more understandable...

No Need For Yield Curve Inversion (There Is Already Much Worse Indicated)

The bond market selloff of the past month or so, which has apparently fizzled just as Alan Greenspan was assuring the world it was only getting started (once more preserving for posterity how little he knows about bonds, interest rates, and money, as if knowing anything about any of those would be useful to a central banker). There is no bond market riddle. As each curve gets squashed by righteous pessimism, they together indicate nothing good about the near-term future.

White House Enraged At "Most Embarrassing Vote Ever" Senate Veto Override

It appears for once, the word (of some politicians) is mightier than the pen (of Obama). The White House has lashed out at The Senate's veto override, which Josh Earnest described as "the single most embarrassing thing that the United States Senate has done." As The Hill reports, in the most overwhelming vote (97-1) since 1983, President Obama's lame-duckedness was exposed and that enraged Obama (and his Saudi friends' money).

"It’s A Lot More Negative Than People Think" - China Beige Book Issues Stark Warning About The Economy

“I’d find it earth-shatteringly surprising if we don’t have a significant problem between now and China’s leadership change” in the fall of 2017 when the 19th Party Congress convenes, said Leland Miller, China Beige Book’s president. “This is not a stable economy. It’s one that twists and turns and happens to end up at the same spot. There are real problems below the surface.”

Peak Debt Complacency: Carmen "Different This Time" Reinhart Urges Debt Restructuring

[The establishment] needs no reminder of the historical record, but it bears noting that more than a dozen advanced economies received debt relief in one form or another during the depression of the 1930s. The approach to unwinding current debts is likely to vary considerably across countries, but it is time to place greater emphasis on debt restructuring (which comes with a menu of options) than on accumulating more debt.

John Kerry Gives Russia An Ultimatum: Stop Bombing Aleppo Or All Cooperation Ends

John Kerry threatened to cut off all contacts with Moscow over Syria, unless Russian and Syrian government attacks on Aleppo end. Kerry issued the ultimatum in a Wednesday telephone call to Russian Foreign Minister Sergey Lavrov. Kerry told Lavrov the U.S. was preparing to "suspend U.S.-Russia bilateral engagement on Syria," including on a proposed counterterrorism partnership, "unless Russia takes immediate steps to end the assault on Aleppo"

Why Even Racists Need The Freedom To Speak

"This may be difficult to accept, but in order to heal race relations, or at the very least get a proper understanding of why they’re so fractured, racist ideas need to be a part of the discussion. Banning accounts and passing suppressive laws against problematic speech won’t help us...It only shields us from uncomfortable truths that we may need to realize about ourselves and our fellow human beings."