The Economist

The Fear Economy: It Couldn't Possibly Happen Here But It Did

In the late 1990’s, economists attempted to get reacquainted with something that they previously believed was an artifact of long ago history. The plight of Japan during that decade had revived fears of deflation and depression. Some economists, those daring enough to challenge entrenched notions, began even to contemplate whether or not it could happen here.

Generation Screwed Fights Back

“We call ourselves “Generation Screwed” because governments are spending money but leaving the bills behind for the young to pay,” says Gunn. “Apathy is our biggest challenge. Many youth are so burdened with the demands of getting a start in life, they are unaware of the lousy hand they are being dealt.”

A German Bank Finally Caves: Will Charge Retail Investors A Negative 0.4% Deposit Rate

Raiffeisen Gmund am Tegernsee, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee, with a population 5,767, finally gave in to the ECB's monetary repression, and announced it’ll start charging retail customers to hold their cash. Starting September, for savings in excess of €100,000 euros, the community’s Raiffeisen bank will charge a 0.4% rate. That represents the first direct pass through of the current level of the ECB’s negative deposit rate on to retail depositors.

Venezuela Has But One Choice: Capitalism Or Chaos

There is indeed no other option, but a mere back-and-forth between these two possible scenarios. In Mises’ words, “There is no third system between a market economy and socialism. […] The choice for mankind… is between capitalism and chaos.” And as Venezuelans are slowly trying to set up a referendum to remove Maduro and his regime, they are indeed facing this very choice.

2016 Will End With Economic Instability And A Trump Presidency

The reality is, they cannot hide an economic collapse forever.  Negative financial effects are going to touch ground somewhere, and the data is going to sneak through...the globalists have created the conditions by which an economic crisis can be triggered at the time of their choosing (within certain limits)... and they need the economy to turn unstable in order to create a rationale for a centralized economic authority and a single global currency system.

A Crisis Of Intervention

"Dishonest money has created a culture of speculation out of ordinary producers and savers. As a result, we confuse financial markets for the source of our wealth." Perhaps at some point our central bankers will come to appreciate that wealth is not created by the printing of money. It is created by honest entrepreneurial endeavour, which is itself jeopardised by constant monetary intervention.

"Policymakers Have Been Calling A 'Depression' A 'Recovery' For Nearly A Decade"

"I'd like to think that logic and reality will prevail; that distaste for being told how great the world is has become sufficiently revolting and obviously false to stir the world’s populace to end the imbalances. But that, again, will take time, perhaps a good deal of time; until then, whenever it hopefully is, central banks continue to operate with impunity even though the risks of their intemperance rise exponentially..."

US Futures Rise To Session Highs, Set For Another Record Open; Global Stocks Jump

After yesterday's positive close in the Dow Jones, which hasn't had a losing day since July 7 and which took the series of consecutive green closes to 8 in a row - the longest stretch since 2013 - the index will look to lock in its 9th green day in a row with futures currently trading well in the green. It's not just the US - equities edged higher in Asia and Europe as positive earnings results from some of the world’s biggest companies countered concern the global economy is losing steam. The dollar strengthened while gold retreated.

Which Countries Have The Most Immigrants?

Immigration is now at the center of American and British politics. Trump and Farage see immigration as an existential threat. But do the United Kingdom and the United States have especially large foreign-born populations? Is the number of foreign-born residents in those countries rising at rates faster than in other countries? And how is the composition of the foreign-born population changing?

Melania Trump Accused Of Plagiarising Convention Speech From Michelle Obama

The highlight of the first day of the Republican convention was the speech by Donald Trump's wife Melania, who was seeking to make a memorable impression on the world, and may have done just that... only not in the way she had envisioned.  Because in her potentially breakthrough moment, Melania appears to have lifted some of her first night convention speech from a surprising source: a similar speech by none other than Michelle Obama.

How "Amerexit" Sent Shockwaves Through Financial Markets

Britain's decision to leave the European Union may have sent shockwaves across the financial community; but it was not the first 'difficult divorce' they have faced. The Kingdom of Great Britain saw a different kind of Brexit 240 years ago: the American revolution... and "Amerexit" brought its own wave of chaos, that lasted for a decade.