mybudget360.com / by mybudget360 / April 16, 2015
The student debt crisis continues to move across the nation’s landscape like an unrelenting storm. The stories of economic pain are growing involving students but what about adjunct professors? For those of you that are unfamiliar, adjunct professors are like contract teachers at many colleges. Many carry […]
mauldineconomics.com / JOHN MAULDIN / APRIL 17, 2015
I think it was almost two years ago that I was in Cyprus. Cyprus had just come through its crisis and was still in shell shock. I was there to get a feel for what it was like, and a number of my readers had courteously arranged […]
zerohedge.com / by Tyler Durden / 04/16/2015 08:18 -0400
On Wednesday, reports out of Germany indicated that Berlin was drawing up plans to keep the Greek banking sector from crumbling in the event Athens missed one or more of its upcoming payments to the IMF (i.e. in case Greece defaults). Yesterday evening, we went on […]
zerohedge.com / by Tyler Durden / 04/16/2015 08:04 -0400
The one TBTF “bank” which unabashedly admits it is just a taxpayer backstopped hedge fund printing money for its owners (while supervising the NY Fed and all other central banks with various former employees in charge) with no actual lending or depository operations, Goldman Sachs, just […]
gainspainscapital.com / by The Phoenix / April 15, 2015
The US Dollar as we know it, derives its value based on where it trades against a basket of other currencies. Some 56% of this basket is comprised of Euros. Because of this, moves in the Dollar and the Euro tend to be closely correlated.
zerohedge.com / by Tyler Durden / 04/15/2015 08:18 -0400
When everyone begins to draw up the contingency plans you know the end may well be nigh.
Just two days ago FT reported that the Greek government — which has reportedly resorted to “acting like a taxi driver” when it comes to asking for money from […]
gainspainscapital.com / by The Phoenix / April 13, 2015
The Fed has bet the financial system on academic theories, that upon close inspection defy even basic common sense.
One could easily write a multi-volume set of books on the Fed’s mistakes. However, in its simplest rending, the biggest flaw in the Fed’s models pertains […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, APRIL 13, 2015
Promises of wealth and security are far more contingent than is being advertised.
The Millennial Generation, if we’re to believe various polls, aspires to either make boatloads of money on Wall Street, or secure a can’t-be-fired job in the government. Given the dominance of finance […]
zerohedge.com / by Tyler Durden / 04/14/2015 06:59 -0400
Judging by the recent action in equity futures, the continuously rangebound US market since the end of QE may be entering its latest downphase, catalyzed to a big extent by the recent strength in the JPY (the EURJPY traded down to 2 year lows […]
wolfstreet.com / by Wolf Richter / April 10, 2015
First-time homebuyers, the bedrock of a healthy sustainable housing market, are still largely missing in action. In February, they accounted for 29% of all homebuyers. But in the long-term data going back to 1981, according to the NAR, first-time buyers accounted for 40% of all purchases. […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, APRIL 09, 2015
Centrally issued money centralizes wealth and generates systemic inequality.
A Thought Experiment on Money
Let’s imagine a small mountain kingdom with only ten very scarce and thus highly valued seashells in circulation. These few shells are certainly valuable in terms of scarcity, but there […]
shtfplan.com / Mac Slavo / April 9th, 2015
Yes, it is once again tax time.
Chances are there have been a few grumblings this time a year in your home or one nearby concerning everyone’s favorite villain – the IRS.
From the missing emails of Lois Lerner and using the tax system to target Tea […]
mises.org / Frank Shostak / APRIL 9, 2015
In a market economy a major service that money provides is that of the medium of exchange. Producers exchange their goods for money and then exchange money for other goods.
As production of goods and services increase this results in a greater demand for the services […]
mauldineconomics.com / BY JOHN MAULDIN / APRIL 7, 2015
For many economists, the chicken and egg question is, which came first, consumption or production? What drives growth? Let’s continue with our series on debt, in which I have been contrasting my views with those of Paul Krugman.
Our differences aside, what Paul and I readily […]
bullionstar.com / by LK in Hong Kong / 7 Apr 2015
As economies age, debt builds up. Advanced economies – those with the highest borrowing ratings by the reputable agencies they developed – have it clogging up inside all their arteries. The Big Reset will finally become inevitable, as has been acknowledged by the IMF […]
gata.org / By Mihaela Rodina / Wednesday, April 8, 2015
CHISINAU, Moldova — A billion dollars is a lot for Europe’s poorest state of Moldova — particularly when it disappears.
Anti-corruption prosecutors and American auditors have been searching the books for clues about the mysterious transactions, an embarrassment for the ex-Soviet state on track […]
wolfstreet.com / by Wolf Richter / April 6, 2015
Investors are still lusting after yield, any kind of visible yield, as long as it is positive, no matter what the risks, and they’re throwing record amounts of money even at junk-rated companies.
Nevertheless, stung by a series of bankruptcies and defaults, investors are now […]
zerohedge.com / by Tyler Durden / 04/07/2015 08:07 -0400
While Greece spent Easter weekend (not Orthodox Easter that is) assuring the IMF (the “institution”, not the critical third member of the Troika that shall not be named) that the €450 million payment due to Christine Lagarde’s “institution” will be made despite Greece officially (rather […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Tuesday, April 07, 2015 1:05 AM
In an interview with the Daily Bell that just came my way, Antal Fekete writes about Blowing Up Modern Austrian Economics … in a Good Way.
Background on Velocity
To understand the interview discussion, one must first understand velocity. I discussed […]