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Lacy Hunt On Debt and Friedman’s Famous Quote Regarding Inflation and Money
Lacy Hunt On Debt and Friedman’s Famous Quote Regarding Inflation and Money Lacy Hunt takes on the widespread belief that sustained inflation is on the way in his latest quarterly review. Hoisington Quarterly Review and Outlook 2nd Quarter 2021 Here are some snips to the latest at Hoisington Management Quarterly Review (Emphasis Mine). Too Much Debt In highly […]
Still More Green Hypocrisy In the EU, This Time Hydrogen
Still More Green Hypocrisy In the EU, This Time Hydrogen Let’s discuss the meaning of “Green” EU style. Hooray More Green Energy! The EU is cheering a new hydrogen project at a refinery in Germany. The plant will be built by Shell and ITM power and will be able to produce about 1,300 tonnes of […]
Swiss Reject Climate Change With Zoomers and Millennials Leading the Way
Swiss Reject Climate Change With Zoomers and Millennials Leading the Way A climate change referendum in Switzerland just went down in flames led by 18-34 year old voters. Swiss Reject Climate Change Eurointelligence reports Swiss Reject Climate Change After Switzerland dropped its negotiations with the EU, the country has now rejected a climate-protection law in a […]
A World that Operates by Financial Cheating and Unsound Money Is Doomed
A World that Operates by Financial Cheating and Unsound Money Is Doomed It’s all phony money but there’s no revolt yet. Value for ValueMy friend Hugo Salinas Price wrote a short post that I agree with. Please consider A World that Operates by Cheating Is Doomed In ages past, gold and silver provided humanity with a […]
Fed’s New Paradigm Adds Helium to the Stock Bubble
Fed’s New Paradigm Adds Helium to the Stock Bubble Valuation are not only high, they are among the highest on record. The Laws of InvestingThe Wall Street Journal asks Has the Fed Rewritten the Laws of Investing? It has been an odd year with the Covid-19 crisis hammering the economy, but stocks recovering from sharp losses […]
New Covid Mutation Is ‘Out of Control’ in the UK
New Covid Mutation Is ‘Out of Control’ in the UK Belgium and the Netherlands suspend travel from the UK as authorities assess impact of fast-spreading new virus variant. Out of Control U.K. Health Secretary Matt Hancock warns a new strain of the coronavirus is “Out of Control”. More than 16 million Britons are now required to […]
The Eurozone Economy Plunges Back Into a Severe Decline
The Eurozone Economy Plunges Back Into a Severe Decline Eurozone business activity fell sharply as countries introduced more aggressive measures to counter rising COVID infection rates. Flash PMI Signals Steep Downturn in November IHS Markit reports PMI Signals Steep Downturn in November Amid COVID Lockdowns. Key Findings Flash Eurozone PMI Composite Output Index at 45.1 (50.0 in […]
Fed’s GDP and Unemployment Projections: Who Believes Them?
Fed’s GDP and Unemployment Projections: Who Believes Them? In addition to its blather about interest rates, the Fed also made numerous economic projections. Economic Projections Please consider the Economic Projections of FOMC Participants under their individual assumptions of appropriate monetary policy, September 2020. Fed’s GDP, Unemployment, PCE Inflation Projections GDP Projection The Fed believes GDP will only […]
The Wonders of Free Money in Two Pictures
The Wonders of Free Money in Two Pictures Lesson of the Day If you give away enough free money, spending recovers. Census Report on Advance Retail Sales The Census report on Advance Retail Sales provides half of our “Lesson of the Day“. Adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, July sales […]
More Than Half of Business Closures are Permanent
More Than Half of Business Closures are Permanent A Yelp study finds that 55% of business closures are closed for good. Yelp reports Increased Consumer Interest in May correlates with more Covid outbreaks and closures in June and July. Consumer Interest vs Outbreaks Business Closures Fluctuate Across the Nation There were 140,000 total businesses closures on […]
A Surge in Small Business Bankruptcies is Underway
A Surge in Small Business Bankruptcies is Underway The new rules make it easier for small businesses to file for chapter 11. And they are. Small Businesses Walking Away In 2008, homeowners walked away from mortgages. Thanks to the Small Business Reorganization Act of 2019 (SBRA), in effect as of February 19, 2020, small businesses have an […]
Industrial Production Declines Most in 101 Years
Industrial Production Declines Most in 101 Years On the heels of miserable retail sales numbers comes the worst ever industrial production numbers. The Fed’s Industrial Production report provides another grim look at the Covid-19 wrecked economy. Total industrial production fell 11.2 percent in April for its largest monthly drop in the 101-year history of the index, as […]
Panic Sets In: Fed Promotes More Free Money
Panic Sets In: Fed Promotes More Free Money Lawmakers need to do more says Minneapolis Fed President Neel Kashkari. Free Money for 18 Months The Fed cannot directly give money away so that burden falls on Congress. Kashkari follows Fed Chair Jerome Powell in seeking Congressional Action. “They are going to need more. If this is […]
Negative Rates Are Not an Option
Negative Rates Are Not an Option Today, Fed Chair Jerome Powell reiterated the Fed’s position on negative rates and gave his economic assessment as well. Economic Outlook “Highly Uncertain” In a live economic interview with PIIE, Jerome Powell discussed the Fed’s outlook for the economy and the advisability of negative interest rates. The video interview […]
Eurozone Collapse: V-Shaped Recovery Mirage Is Gone
Eurozone Collapse: V-Shaped Recovery Mirage Is Gone Eurozone Economy Collapses 3.8% in the first quarter, the worst on record. Spain (-5.2%) and France (-5.6%) GDP were much worse than Italy (-4.7%). Economist Daniel Lacalle offers his thoughts on the European economy in a YouTube video. Daniel Lacalle✔@dlacalle_IA EUROZONE COLLAPSE The V-Shaped Recovery Mirage Is Gone. […]
