Absurd IMF Warning on US Rate Hikes
The IMF has only one legitimate purpose that I can figure out: To continually write position papers and articles silly enough to keep bloggers loaded...
Category : Editor’s Picks
Trade Deficit increased in May to $41.9 Billion
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was...
Uncertainty Escalates After Greek Referendum
At this point words fail me once again. What will happen to Greece and their EU partners, no one knows. For now it’s a cancer...
Update: “Scariest jobs chart ever”
During the recent recession, every month I posted a graph showing the percent jobs lost during the recession compared to previous post-WWII recessions. Some people...
Travis Purrington’s USD Proposal Stemmed From Knowledge About Central Banks
Travis Purrington became popular as an artist for his USD proposal, in which he, for his masters thesis at the Basel School of Design, redesigned...
Chicago Fed: “Index shows economic growth slightly below average in May”
The Chicago Fed National Activity Index (CFNAI) moved up to –0.17 in May from –0.19 in April. Two of the four broad categories of indicators...
The Most Common Job in 29 States to Nearly Vanish in 10 Years; Know What That Job Is?
We used data from the Census Bureau, which has two catch-all categories: "managers not elsewhere classified" and "salespersons not elsewhere classified." Because those categories are...
ECB Unscheduled Conference Today; Emergency Eurozone Meeting Monday; ECB Ponders Shutting of ELA as Cash Withdrawals Accelerate
Greek banks have continued to suffer withdrawals amid concerns that Athens and its creditors will fail to strike a deal to avoid a debt default....
Fed: Industrial Production decreased 0.2% in May
Industrial production decreased 0.2 percent in May after falling 0.5 percent in April. The decline in April was larger than previously reported, but the rates...
Financial System “Will Implode” … “Hold Precious Metals” – Faber
Faber believes that the Fed and central banks will have no choice but to wade back into another QE program rather than raise rates in...