Coming To Terms With Money; Part 2
To economists nothing about the 2000’s makes sense (a condition that has only grown worse in the 2010’s). At the same time productivity growth suddenly disappears, in its place is this incomprehensible “global savings glut.” [...]
Coming To Terms With Money; Part 1
The assumed relationship between inflation and employment, unemployment really, has been tortured in the last half century. Given the constant mistakes economists make in this regard, it is fair to conclude that they really don’t [...]
They Want It To Be About Inflation
There was more bad news for the FOMC over the past few days beside the once again near-zero GDP estimate. If the labor market were truly growing as is claimed, we should be finding “inflation” [...]
Bi-Weekly Economic Review
Economic Reports Scorecard Of the 19 reports released over the last two weeks for which we track a consensus estimate, only four were better than expected. And two of those were the two weekly jobless claims [...]
Always About Income
The emphasis on the labor market has become ubiquitous but it is not being used in the manner with which it should be used. It is now permanently attached to words like “despite” or “in [...]
Understanding the Basis Is The Most Pressing Task In The World
On December 27, 1990, changes to Regulation D went into effect with the maintenance period that began that day. Among those alterations was a reduction in the reserve requirement imposed upon what are officially called [...]
Chart Of The Week: Silver Miners vs Gold Miners
You'd have to be living under a rock to not know that gold is surging this year. And gold miners are performing even better than the metal itself. In a sign that the rally in [...]
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