Until the notion that wealth and prosperity can come from a printing press is eradicated from the thinking of policymakers, economies around the world will remained mired in this malaise. Jobs created through government money creation and heavily protectionist laws and regulations will not meet the needs of consumers, will add nothing to productivity, and ultimately will not last... economic stagnation is the unfortunate but predictable result.
If "everything is awesome" as Hillbama proclaim (though there is more work to be done...) and stocks are backed by the "strength of the economy," then why are Americans' views of their financial prospects crashing to their lowest since 2014...?
For those who have already lost their job, their home or the secure structure that once defined their life, the collapse is already here. And those slowly bleeding out clearly see the collapse just around the corner.
To many in this country, it may not come as a total shock that CNN is reportingThe (Clinton-appointee-Loretta-Lynch-run) Department of Justice has "pushed back" against The FBI's desires to begin a probe to investigate whether there was a criminal conflict of interest with the State Department and the Clinton Foundation during Clinton's tenure.
With less than 90 days left until the presidential election, Citi's Dana Paterson writes that the "election risks clock starts now." Here is how Citi previews the upcoming US election which "may generate extremely high uncertainty that likely will impose a significant drag on economic growth", and Citi's breakdown of Black Swans, mostly associated with a Trump presidency.
Stock market “bulls” should pray that interest rates don’t rise. Don’t blame those poor consumers for not spending – they are spending everything they have and then some. Just one word describes the outcome of that event given the current excessively leveraged consumption based economy of today – disaster.
while blowing out unsecured funding rates may no longer be a flashing red flag, a question has emerged as a lot of debt references Libor, debt ranging from household debt to non-financial business debt: some $28 trillion of it, to be specific, and just in the US. The question is just how concerned will the borrowers of said debt be once they get their next due balance.
"I don’t think what Donald Trump says is worse than actually what Hillary Clinton in fact has done... Trump lies are mostly garbled, stream-of-consciousness word salad. HRC lies are lawyerly, meticulous, calculated, and brazen."
Four years after selling the HuffPo to AOL Arianna Huffington has had enough, and as she announced moments ago, she is stepping down as Editor-in-Chief of the Huffington Post to run a new health and wellness venture.