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Poland’s central bank predicts double-digit inflation until 2024
Poland’s central bank predicts double-digit inflation until 2024 (Natural News) The National Bank of Poland (NBP) has predicted that the Central European nation will be saddled with high inflation for the next two years. According to the NBP, yearly inflation will hit 14.5 percent in 2022 and drop to 13.1 percent in 2023. Single-digit rates will […]
The IMF Chief Economist Sees a Threat to World Economies From a Liquidity Trap
THE IMF CHIEF ECONOMIST SEES A THREAT TO WORLD ECONOMIES FROM A LIQUIDITY TRAP In the Financial Times from November 2 2020, the IMF chief economist Gita Gopinath suggested that world economies at present are likely to be in a global liquidity trap. Gopinath has reached this conclusion because the yearly growth rate of the […]
2000 vs. 2020: The Role Of Monetary And Fiscal Policies In Stock Market Cycles
2000 vs. 2020: The Role Of Monetary And Fiscal Policies In Stock Market Cycles The equity market of 2020 has some of the lofty valuation features that showed up at the peak of 2000 cycle. Yet, a key difference is the accommodative stance of monetary and fiscal policies nowadays versus the restrictive stance of 2000. […]
My Main Worry is Europe
My Main Worry is Europe Can it get any better than this? That’s the question investors are asking themselves after an exceptional year. Despite a slowdown in the global economy and increasing trade tensions, almost every asset class is up for the past twelve months. Mohamed El-Erian Mohamed El-Erian is convinced that the world is […]
IMF Warns World “Dangerously Unprepared” For Upcoming Global Recession
IMF Warns World “Dangerously Unprepared” For Upcoming Global Recession In the starkest warning yet about the upcoming global recession, which some believe will hit in late 2019 or 2020 at the latest, the IMF warned that the leaders of the world’s largest countries are “dangerously unprepared” for the consequences of a serious global slowdown. The […]
The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference
The Fed’s Not Backing Off: Powell’s Standouts & Zingers at the Press Conference US is “on an unsustainable fiscal path, there’s no hiding from it.” I have to say, Fed Chairman Jerome Powell is a breath of fresh air when he talks, after the near-physical pain I experienced listening to his last three predecessors. I […]
Things Have Changed…
THINGS HAVE CHANGED… Today’s post is sure to anger a bunch of you. My libertarian friends (you know who you are) will probably be the most outraged, but I suspect many will misinterpret my observations about society’s most likely path as my belief regarding the proper course. So let me try to be clear. I […]
The Makings of a 2020 Recession and Financial Crisis
Carl Court/Getty Images The Makings of a 2020 Recession and Financial Crisis Although the global economy has been undergoing a sustained period of synchronized growth, it will inevitably lose steam as unsustainable fiscal policies in the US start to phase out. Come 2020, the stage will be set for another downturn – and, unlike in […]
Italy’s Countdown to Fiscal Crisis
Italy’s Countdown to Fiscal Crisis Italy’s current scheme of piling unfunded government spending on top of an already-huge debt is a recipe for disaster. As a general rule, we worry too much about deficits and debt. Yes, red ink matters, but we should pay more attention to variables such as the overall burden of government spending and the […]
Illinois Politicians Are Doubling Down on Failure
Illinois Politicians Are Doubling Down on Failure In the face of a fleeing population, politicians in Illinois are doubling down on the policies that are driving people away in the first place. When I did a poll earlier this year, asking which state would be the first to suffer a fiscal crisis, I wasn’t terribly surprised that Illinois […]
Whatever Happened to Saving for a Rainy Day?
Michael Brochstein/SOPA Images/LightRocket via Getty Images Whatever Happened to Saving for a Rainy Day? The US will be paying for its current fiscal excesses with the promise of future payments. But inefficient economic stimulus now will not give future generations the productive resources needed to make good on it. CAMBRIDGE – More than a decade […]
When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse
When America’s Fiscal Crisis Hits, Be Forewarned that Tax Increases Will Make a Bad Situation Worse When America’s fiscal crisis hits, remember that raising taxes will only exacerbate the problem. At some point in the next 10 years, there will be a huge fight in the United States over fiscal policy. This battle is inevitable […]
Conflict between Fiscal & Monetary Policy
Conflict between Fiscal & Monetary Policy We are moving into a crisis of monumental proportions. There has been a serious fundamental problem infecting economic policy on a global scale. This conflict has been between monetary and fiscal policy. While central banks engaged in Quantitative Easing, governments have done nothing but reap the benefits of low-interest rates. This […]
The Great Deficit Ruse
The Great Deficit Ruse Your intuition is right: tax cuts are good and tax increases are bad. If your profligate friend blew his budget on liquor, you might feel bad for him. But it’s unlikely that you would be willing to fork over money to cover his mistake. He needs to figure it out. And […]
Oh Canada: An Economic Experiment
OH CANADA: AN ECONOMIC EXPERIMENT It seems like the only time Canada makes the news is when America elects some right wing President the Hollywood elite don’t like, and they all threaten to move to Canada. We are usually too polite to say something, as it is often clear the Americans are in the midst […]
