It’s becoming fashionable again to dismiss manufacturing. But maybe they shouldn’t.
Why doesn’t the government just check payroll tax collections instead?
For a cabal of superpatient supergeniuses, the Chinese tend to play with fire quite often.
Following up on yesterday’s look at the concept of repo reserves. These are, as hopefully that narrative retelling established, very different from the inert byproducts of QE; or, bank reserves. The explanation for record low and negative yields amounts to a pretty intuitive process, though in practice it is incredibly complex. Sovereign bonds as “pristine” […]
There’s really no reason to put faith in their idiots any more than there should be any left in ours. They’re all incompetent together especially when it comes to money, finance, and economy.
It was truly startling when it was announced. The second and more dangerous phase of the Global Financial Crisis had begun on July 15, 2008. Within two weeks, Merrill Lynch had etched its name on the growing list of “troubled” institutions. On July 28, 2008, Merrill Lynch agreed to sell $30.6 billion gross notional amount […]
The Chinese have been reforming their monetary and credit system for decades. Liberalization has been an overriding goal, seen as necessary to accompany the processes which would keep the country’s economic “miracle” on track. Or get it back on track, as the case may be.
How many more promises to be irresponsible do they get?
The more uncomfortable the question, the more dissembling the pseudo-scientific rant as reply.
Revised estimates from the Federal Reserve are beginning to suggest another area for concern in the US economy. There hadn’t really been all that much supply side capex activity taking place to begin with. Despite the idea of an economic boom in 2017, businesses across the whole economy just hadn’t been building like there was […]
