This little known chart is the Fed's attempt to anticipate a recession in the US economy. The reading from last November is only 3.84%, but that is higher than all but 3 months when a recession did not immediately proceed.
I have lived in Auburn, Alabama, for more than three decades and have never seen a Super Sized Construction Crane. Last week, two were erected in the middle of town.
Rothbard's book is considered the standard on the subject of the 1819 crisis, yet the NY Fed authors seem reluctant to speak his name.
Even the Fed, which has for years been describing the economy as "expanding at a moderate pace," and which a few months back was saying it was "hawkish," has, through Janet Yellen's testimony today, been forced to admit that a rate cut may again be on the horizon.
Peyton Manning Just Save the Super Bowl Indicator?
Apparently Quicken Loans is thinking like John Maynard Keynes and Paul Krugman. They can create their own bubble and multiplier effect. It's magic!
Barron's is writing about skyscrapers and the Skyscraper Curse. They also quote me on the subject.
The signatures have been collected and submitted paving the way for a vote to establish 100% reserve banking in Switzerland.
Whatever the Fed imagines they can control and whatever their real intentions are, a central authority cannot optimally set prices that are in line with people’s preferences. This is especially important for interest rates, which have far-reaching influence throughout the economy.
ZIRP has created massive asset bubbles throughout the world economy, but also has a diabolical impact on ordinary people who are largely disconnected to the bubbles.
