Market Trading Range Continues For Now
There was little news Tuesday so markets drifted while tech was higher in anticipation of good earnings later this week. (After the close, Yahoo (YHOO)...
Category : Editor’s Picks
America’s Pension Problem: Gordon Long Interview of Mish
Mish Shedlock talks about the magnitude of the mounting Pension Problem in America and uses his home state of Illinois as a prime example. According...
“Inconceivable” Negative Interest Rates on Mortgages in Portugal and Spain, with Italy On Deck
The vast majority of mortgages in Portugal, and a huge number in Italy and Spain are tied to Euribor, the rate it costs European banks...
Welcome To The Currency War, China Edition
China’s exports unexpectedly slumped last month, eroding the outlook for one of the economy’s better performing areas in recent months. Overseas shipments fell 14.6 percent...
Mish’s “Core Unemployment” Thesis vs. Bernanke’s “Natural Unemployment” Thesis
In response to Republican questioning on monetary policy and employment, Bernanke replied the Fed Already Follows Policy Rule. “The Fed already has a rule,” Mr....
Another Definition of Deflation: Antal Fekete Defines Deflation as a “Pathological Slowing in the Velocity of Money”
The first problem is how to measure money supply (Is Money M1, M2, or TMS? Each gives a different measure of velocity). The second problem...
Employment: What Age Group Gets the Jobs?
We first showed back in October 2012 that in America, courtesy of the Fed's micro-mismanagement of everything, the labor force has been turned upside down,...
Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance
I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank's ability to lend...
SNB Warns of “Temporary Deflation”, Promises Further “Unconventional Measures” Including Forex Interventions to Achieve “Stability”
Swiss Bonds are negative out to 10 years. They briefly went negative out to 15 years in the wake of the sudden removal of the...
How Does UVXY Work?
For the most part UVXY trades like a stock. It can be bought, sold, or sold short anytime the market is open, including pre-market and...