Will Consumers Bail Out The Economy?
Over the past six months, wages have increased due to tight labor market conditions, yet overall earnings, especially for men over several decades, have been flat since 1975.
16 November 2019 - 04:48
For Millions of Americans in the Middle of the Country, It Feels Like an Economic Depression Right Now
If you can believe it, the state of Wisconsin “lost almost 1,200 dairy farms” between 2016 and 2018. Overall, the number of dairy farms in the state has fallen by 49 percent during the last 15 years.
12 November 2019 - 01:48
Perils of the New Keynesians
To the extent that government can stimulate growth, it’s through structural reforms that improve the investment climate: Cut red tape. Reduce workplace regulation. Fast-track tax cuts. Fix the state-based payroll taxes and stamp duties on property that stifle labour mobility. Make the 30 per cent company tax rate more internationally competitive. Break the construction union’s monopoly power. Restore monetary policy to its appropriate role of maintaining price stability.
9 November 2019 - 10:48
Global Debt Is up to $188 Trillion: This Is Officially the Biggest Debt Bubble the World Has Ever Seen
“Global debt — both public and private — has reached an all-time high of $188 trillion. This amounts to about 230 percent of world output,” Georgieva said in a speech to open a two-day conference on debt.
8 November 2019 - 16:48
Thirty-Five Reasons Why You Should Move Away from California
High taxes, high cost of living, expensive housing, wildfires, mudslides, earthquakes, rats, drugs, gang warfare, litigiousness, faecal bacteria...
7 November 2019 - 16:48
The Fed’s Liquidity Response Is Too Little, Too Late, but That Was Always the Plan…
That is to say, the Fed kept liquidity conditions as tight as possible until the public finally became aware of the crisis. The truth is, nothing has changed as far as liquidity is concerned.
4 November 2019 - 04:48
Fix Superannuation First
From a public policy perspective, it makes little sense to incentivise retirement saving, only to allow someone to retire early on their savings, blow through the cash, and then go onto the pension.
2 November 2019 - 22:48
Carney’s Green Crypto Currency: Precursor to a Financial Meltdown
Carney was joined by former Bank of England Governor Mervyn King who recently warned that a “financial Armageddon” is looming unless central banks are permitted to unleash unbounded quantitative easing once more.
1 November 2019 - 12:48
Odd Economic Numbers: Consumer Confidence Falls, but Consumer Spending Remains High
Personal loan balances rose to $305 billion in Q2 2019, an increase of 12% year over year, and double the growth of credit card debt, the next-highest category.
31 October 2019 - 09:48
Egon von Greyerz: The Financial System Is Broken
When the debt bubble pops so will other liabilities like the $1.5 quadrillion of derivatives.
31 October 2019 - 06:48
The Boom Turns into a Bust: Here Are Fourteen Signs that the U.S. Economy Is Steadily Weakening
#7 The Cass Freight Index has now fallen for 10 months in a row.
30 October 2019 - 13:30
“Diablo Winds” Are Ferociously Whipping “Out of Control” Wildfires across Vast Stretches of Northern California
Another extreme wind event is in the forecast for Tuesday and Wednesday.
28 October 2019 - 15:48
What You Think Is Controlled by What You Watch, and What You Watch Is Controlled by the Elite
We are in a battle for hearts and minds, and the elite have an overwhelming edge because of the colossal system that they have created.
26 October 2019 - 14:48
Generation Rent: How Millennials are Fueling the Rental Economy
Offerings within the rental sector have exploded over the last decade, with furniture being the number one category that consumers rent.
25 October 2019 - 20:48
Goodbye, Middle Class: Fifty Percent of American Workers Make Less than $33,000 a Year
The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media. Yes, about 10 percent of all American workers are making $100,000 or more a year, but most of those high paying jobs are concentrated in the major cities along the east and west coasts. For much of the rest of the country, these are very challenging times as the cost of living soars but their paychecks do not. According to the Social Security Administration, the median income in the United States last year was just $32,838.05. In other words, 50 percent…
23 October 2019 - 17:48
Visualizing Global Attitudes Towards Retirement
Not having enough money at retirement is a nearly universal issue, and 51% of employees with a workplace pension are worried that they won’t make enough to live their ideal retirement life.
15 October 2019 - 10:48
The World’s Most Powerful Reserve Currencies
Today, the U.S. dollar is the world’s most powerful reserve currency, making up over 61% of foreign reserves. The dollar gets an extensive network effect from its use abroad, and this translates into several advantages for the multi-trillion dollar U.S. economy.
11 October 2019 - 10:48