• EconMatters
    11/24/2015 - 14:25
    Focus on policies promoting economic growth, lower taxes, and spending tax receipts more efficiently and not on one`s sexual orientation in the bedroom.

United Kingdom

Tyler Durden's picture

The Concept Of Money And The Money Illusion

Awareness about the concept of money is making a comeback. Gone are the decades in which the global citizenry was fooled to leave this subject to economists, governments and banks – a setup that has proven to end in disaster. The crisis in 2008 has spawned debate about what money is, where it comes from and where it should come from.

Tyler Durden's picture

Italy Is "Willing To Temporarily Suspend Schengen" In Response To Refugee Crisis

Europe's refugee crisis just took a dramatic turn for the worse, and strikes at the very hear of Europe's Shengen customs union which has allowed borderless travel within Europe for decades. As Bloomberg reports, the Italian Province of Bolzano in Northern Italy said in a statement that it agreed with the Italian government on request by German Federal State of Bavaria by "communicating a willingness to restore border controls at Brenner and temporarily suspend the Schengen agreement."

Tyler Durden's picture

US Falls Behind Canada, Finland, And Hong Kong In Human Freedom Index

The United States lags far behind other developed countries in terms of personal, civil and economic freedoms, according to a study released this month. Its neighbor to the north, for example, ranked 14 spots ahead of the so-called “Land of the Free.”

Tyler Durden's picture

Frontrunning: August 24

  • Deutsche Bank Says Rout ‘Very Serious’ as Growth Outlook Dims (BBG)
  • Great fall of China sinks world stocks, dollar tumbles (Reuters)
  • Global Stocks Fall Sharply Amid Concerns About the Chinese Economy (WSJ)
  • Stock Rout Spreads Through Europe After China Plunge (BBG)
  • China stocks give up year's gains as 'national team' stays on bench (Reuters)
  • The Fed Is Looking at a Very Different Dollar Than Wall Street (BBG)
  • French train gunman 'dumbfounded' by terrorist tag (Reuters)
Tyler Durden's picture

Cop Tries To Cook Meth At Government Science Lab, Blows Up Building

Back on July 18, Christopher Bartley (a police lieutenant for the National Institutes of Standards and Technology), tried to refill a butane lighter. Or he tried to cook a batch of meth...

Tyler Durden's picture

July Was Warmest Month On Record NOAA Reports, Lists All "Signifiicant Climate Anomalies And Events"

While some, perhaps not California farmers, will disagree with NOAA's assessment of the world's atmospheric conditions, earlier today the National Oceanic and Atmospheric Administration declared that July was the warmest month ever recorded for the globe and was also the record warmest for global oceans, putting a full stop to a year that has been characterized by numerous perplexing atmospheric outliers around the globe but perhaps none other more so than NOAA's earlier assessment that the winter of 2015 was also the warmest on record despite the much discussed US winter, where for the second year in a row the economic slowdown was blamed on a colder than usual winter. Go figure: perhaps here too we need double seasonal adjustments.

Tyler Durden's picture

FOMC Minutes Leaked Early After Embargo Broken, Fed Warns Risk To GDP Forecast "Tilted To The Downside"

Seconds ago, someone accidentally (we hope) pulled a Janet Yellen as the following just came across the wires


But the bottom line is that the Fed just admitted things are going from bad to worse: "The risks to the forecast for real GDP and inflation were seen as tilted to the downside." The question now is what comes first: QE4 or the first rate hike in nearly a decade.

Tyler Durden's picture

Frontrunning: August 19

  • $1 trillion in Emerging Market outflows in the past 13 months (FT)
  • German lawmakers back third Greek bailout (Reuters)
  • Dutch government faces test in "junkie" Greece debate (Reuters)
  • China c.bank offers selected banks medium term lending facility (Reuters)
  • Another "expert network" busted: Promontory settles over StanChart probe (FT)
  • Angola to Ship Most Crude in Four Years to Meet Asian Demand (BBG)
  • Hackers dump data online from cheating website Ashley Madison (Reuters)
  • Yuan’s Devaluation Brings Losses for Some (WSJ)
Tyler Durden's picture

Frontrunning: August 13

  • China central bank tries to soothe global markets, says no reason for yuan to fall further (Reuters)
  • Huge blasts at Chinese port kill 44, with hundreds injured (Reuters)
  • China efforts to slow yuan fall hoist Europe shares, bond yields (Reuters)
  • Greek Economy Unexpectedly Surged Before Capital Controls (BBG)
  • Joe Biden Is Sounding Out Allies About a 2016 Bid (WSJ)
  • U.K. Tries to Kick-Start Shale Gas With Planning Speedup (BBG)
Tyler Durden's picture

Goldman Hires Former Head Of NATO To Deal With DONG Scandal

Goldman has truly outdone itself with this one: in addition to purchasing the former Danish PM, and by implication, the current PM and his former fin-min protege, and assuring the DONG scandal quietly goes away, Goldman just hired the former head of NATO: from 2009 to 2014 Anders Fogh Rasmussen served as  the 12th Secretary General of NATO.

Tyler Durden's picture

Fed Admits Economy Can't Function Without Bubbles

The Fed would have needed to hike rates by 800 bps in the wake of the dot-com collapse in order to prevent the housing bubble. That would have purged the system and gradually, the FOMC could have eased by around 300 bps over the next four years. That policy course would have prevented the speculative bubble that brought capital markets the world over to their knees in 2008. And why didn’t the Fed do this? Because "such a large increase in interest rates would have depressed output more than the Great Recession did." In other words, thanks to Alan Greenspan, the US economy cannot function under a normalized monetary policy regime.

Tyler Durden's picture

Bernie, The Koch Brothers, & Open Borders

Presidential hopeful Bernie Sanders recently raised the ire of both progressives and libertarians with his remarks concerning immigration. In just a few sentences, Sanders manages to demonstrate a hodgepodge of nativist, nationalist, protectionist, and socialist sentiments. But for anyone wondering why he wandered off the progressive narrative on immigration, it’s because protectionist labor unions pay him better than, say, La Raza.

Syndicate content
Do NOT follow this link or you will be banned from the site!