Suppose they made the minimum wage $1,000 an hour. Just think: Every worker in America would be taking home at least $8,000 a day. That would be an annual salary of over $2 million... Wonderful, right?
Interest rates MUST remain low, and debt MUST grow faster than the economy, just to keep the economy from stalling out... This is the very essence of a "liquidity trap"...
Google's political ads will become an even greater nuisance to everyone as advertisers will now have to "shotgun" their target audience, and be forced to buy even more ads to make sure they reach the intended eyeballs.
While most Fed officials saw rates as “well calibrated” and likely on hold barring a “material reassessment” of the outlook, policy makers stressed the downside risks in justifying a third straight rate cut at the October meeting.
A friendly reminder to American farmers: Don’t rush to buy more land or get bigger tractors. Wait until a China-US trade deal is truly signed and still valid six months after. It's safer by then.
Having started yesterday’s Daily “There was more bad trade news for markets to focus on yesterday,” it was of course inevitable that today’s Daily would have to start “There was more good trade news for markets to focus on yesterday.”
If this monetary experiment has proven anything it is that lower rates and higher liquidity are not tools to help deleverage, but to incentivize debt...
"Having the smaller banks absorbed by the bigger ones, which seems to be Beijing's new strategy, will mean that China, like Japan in the 1990s, will be dominated by huge zombie banks..."
A necessary prerequisite to establishing a free and prosperous society is a free-market monetary system, one in which there is a total separation of money and the state...
