Venezuela – new money, same old corruption. (Bloomberg) — It’s just been a few weeks since the rollout of Venezuela’s new money, and inflation in this new monetary era is already 100 percent.
One of my favourite long-run tail risks to watch in the financial markets (and indeed, due to ongoing monopolisation trends, in the entire economy) is concentration risk. Here is an absolutely epic post from @michaelbatnick on the subject of incre…
Despite the predictions of rising inflation, core inflation (CPI YoY less energy and food) cooled to 2.2%.
According to the CFTC, gold shorts declined slightly while silver shorts continue to rise.
Neither small business nor the bottom 90% of households can afford this “best economy ever.”After 10 years of unprecedented goosing, some of the real economy is finally overheating: costs are heating up, unemployment is at historic lows, small bus…
The mortgage landscape has changed since Dodd-Frank Banking legislation and the rise in interest rates.
The Daily Treasury Statement data for the end of month August showed some improvement in total tax collections, including a slight uptick in withholding taxes and an even bigger increase in excise taxes.
The numbers suggest that an early summer slowdown has ended. After the expected downward revisions in June and July jobs data, the August uptick in jobs was not a fluke. And the excise tax data suggests strong retail sales.
So, not an altogether bad summer – if you happen to be a politician or government taxman. But what about for investors?
The post These Numbers Could Push the Fed to Do Something Stupid appeared first on Lee Adler’s Sure Money.
Over the weekend, another European nation turned toward the populist direction. It was enough to get one’s attention when Italy did it, but Sweden is something else altogether. The country has been long held out as an exemplar of everything that is right with globalization. They have industry, youth, etc. How in the world could […]
According to the Mortgage Bankers Association (MBA), applications to refinance residential mortgages fell 15.33% from the previous week
In the absence of a booming economy, one has been conjured from a select few employment statistics. But the facts tell a different story.