This morning the European Central Bank tried something different. As Bloomberg reported: Draghi Takes ECB Deposit Rate Negative in Historic MoveThe European Central Bank cut
As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the
Ah, the Italians. They’re good for at least one entry in the “Why We’re Ungovernable” series each year, and their latest is the best yet:
From Chapter 15 of The Money Bubble, by James Turk and John Rubino: Banking didn’t start out as a reckless, parasitical plaything of a moneyed
One would think that great health coverage would be a basic perk of working for an insurance company, but those days are apparently over. Investment
Reporters and their editors (and the corporations that employ them) have the power to shape readers’ perceptions by, for instance, choosing what fact to put
This morning’s housing report was huge. As one representative headline put it: “Housing starts up sharply; permits highest since 2008”. Dig just a little deeper
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,
Not so long ago, a reasonably-presentable American could live an hour outside of a city and commute in for a government or banking job, thus
A perfect sign of the times is the unexpected success of a 700-page economics text called Capital in the 21st Century by French college professor
It’s not easy being a mainstream economist. You spend your life building models that become your professional identity. And when those models fail to describe
After today’s market close there was a flurry of earnings announcements, some of which were way low. Not bad, mind you. In fact they were
For the past couple of years the European Central Bank has been the only sane inmate in the asylum. Unfortunately, in a crazy world being
The list of markets where big players are cheating the rest of us (and each other) keeps growing. First there was the Libor interest rate,
Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And
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