zerohedge.com / by Tyler Durden / 11/21/2014 08:53 -0500
Via Goldman Sachs’ Yu Song,
The PBOC cut the benchmark lending and deposit rates by 40 bp and 25 bp, respectively.Meanwhile, the deposit rate ceiling was increased to 1.2 times the benchmark deposit rate (from 1.1 previously), effective from Nov 22. The one-year benchmark lending […]
mises.org / NOVEMBER 20, 2014 / Jörg Guido Hülsmann
It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship.
But there are certain things that economists can say about the culture, and more precisely, that […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / WEDNESDAY, NOVEMBER 19, 2014
We in the center that cannot hold can only watch as things fall apart.
In so many ways, the falcon can no longer hear the falconer. The phrase is drawn from William Butler Yeats’ poem, The Second Coming:
Turning and turning in the widening […]
acting-man.com / Pater Tenebrarum / November 19, 2014
Jonathan Gruber Spawns Hashtags and Hilarious Videos
As a little addendum to our recent look at the arrogant, but surprisingly honest (in unguarded moments) government advisor Jonathan Gruber, we would note that he has by now spawned numerous Twitter hashtags. These range from the simple #Gruber, […]
goldsilverworlds.com / November 18, 2014
Past Friday, a TV debate was broadcasted in Switzerland about the gold referendum. The debate was organized by the Swiss channel SRF. The full show is available online: Abstimmungs-Arena: Gold-Initiative (mind this is in Swiss and there is no transcript or summary available in English).
It was mainly a political […]
davidstockmanscontracorner.com / by Randall G. Holcombe / November 17, 2014
The role of government in the economy has been a major public policy issue for more than two centuries. Critics of capitalism, at least since Karl Marx, have argued that the system is skewed to benefit the political and economic elite at the expense […]
gold-eagle.com / Robert Shapiro / November 16, 2014
The US Dollar has been “strong” on foreign exchange markets for the past six months, with the USD Index having risen from 79 to 88, a gain of almost 11½%. That’s an increase in the value of the Dollars in your pocket (or bank account) compared to […]
jessescrossroadscafe.blogspot.com / BY JESSE / 12 NOVEMBER 2014
“Do not fear those who can kill the body but are not able to kill the soul; rather, fear Him who can destroy both soul and body of the accursed.”
There was intraday commentary about The Day Money Dies here.
I wrote about it primarily […]
zerohedge.com / by Tyler Durden / 11/13/2014 08:40 -0500
A 12k rise in initial jobless claims (on a seasonally-adjusted basis) missed expectations by the most in 8 weeks and rose to its highest in 7 weeks at 290k. Non-Seasonally-adjusted, claims rose a more interesting 43k but bigger picture shows the average of this noisy time […]
acting-man.com / Pater Tenebrarum / November 11, 2014
Anne-Elisabeth Moutet on France’s Sclerosis
French “refugee” Anne-Elisabeth Moutet – one of the many French citizens who have fled the economic paralysis of France for the welcoming shores of Albion and made London the sixth-largest French city in the process – has written another very interesting article […]
marctomarket.com / by Marc Chandler / November 11, 2014
While the US dollar has come back bid today, the realstory is the drop in the Japanese yen. The yen is off almost 1% against the US dollar and nearly as much against the euro. The greenback poked through the JPY116 level, after having dipped […]
mises.org / by Salmaan A. Khan / Tuesday, November 11, 2014
“Trade, not aid” said the current prime minister of Pakistan Nawaz Sharif. It was six years after its 1947 independence from India that Pakistan experienced a near-famine due to two failed crop seasons from lack of monsoon rains. Meanwhile, Pakistan didn’t have enough […]
mises.org / by Frank Shostak / Monday, November 10, 2014
It is generally held that for an economist to be able to assess the state of the economy, he requires macroeconomic indicators which will tell him what is going on. The question that arises is this: why is it necessary to know about the […]
thedailysheeple.com / Paul Joseph Watson / November 7th, 2014
Rampant corruption combined with economic woes to spark “revolution”.
Economist Martin Armstrong is predicting that rising resentment against the status quo as a result of economic inequality is likely to cause a serious political uprising before 2016.
“It looks more and more like […]
srsroccoreport.com / by Charles Savoie / November 6, 2014
“They control the currency and banking system as well as the government and the Federal Reserve. They were safe in permitting others to develop the power systems with moneys invested by the public. Then by manipulating a depression and by retroactive laws written for the purpose, […]
gold-eagle.com / Peter Schiff / November 6, 2014
The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever. Rather, as has been the case in the last few election cycles, voter revolts have hinged on continued […]
zerohedge.com / by Tyler Durden / 11/07/2014 07:01 -0500
For the second night in a row, overnight futures touched record highs and then promptly receded driven, as is now the norm, entirely by the Yen carry trade, with USDJPY almost breaking through what has emerged as resistance just around 115.50, before retracing overnight gains, following […]
dollarvigilante.com / Paul Seymour / November 5th, 2014
As you search for an advisor to help you with internationalizing, a very real concern of yours should be, Is a potential “offshore advisor” really a flunky earning a high grade pay check from the US government? I, more than anyone, hate to sound alarmist, but those […]
acting-man.com / Bill Bonner / November 6, 2014
The Problem with Practical Jokes
Not much action in stocks or gold on Tuesday. Americans were busy at the polls… participating in the solemn fantasy of modern democratic government.
About 60% of citizens who were eligible to vote in the midterm elections stayed away from the polling […]