Financial Markets

So does Schiff truly think the "unsustainable" deficit will break this year, or does he really just want you to buy his book on the coming crash?

The Korea Times reports in this article on the increasing diffic

China again raises reserve requirements of banks .

All those hoping to reap the inequitable riches from yet another highly inflationary year — a much less arduous task than that of creating real wealth or generating genuine income — will just have to hope he is right.

Brad Setser at RGE Monitor provide this commentary

An excellent piece by Michael Malone in the WSJ today (thanks S. Berger):

As this contrived example illustrates, an options market might allow for more efficient output decisions whereas a futures market (let alone a simple spot market) might not.

Much ink has been expended in discussions of the US yield curve and also on the reluctance of the country’s lower money aggregates to grow as

After all, these intangible financial instruments can't be eaten or used to build a house, so what good are they? The present article seeks to answer just this question.

Contrary to the accepted way of thinking, recessions are not negative growth in GDP for at least two consecutive quarters.