The media trotted out the 'record highs' mantra for months as a message of solid economic performance of this administration and presumably a message of hope and confidence in the future. Here, I have pointed out many times the futility of using ...

Trump says he hopes Fed gets involved soon over markets

Any article with the word 'panic' in the headline will be extremely misleading to investors. Panic is not measurable and not reliable. But if there were excessively pessimistic inspired gut reaction selling, yes it would be a huge positive buy ...

Panic selling continues to hit markets, but is the USD fall set to continue?

From a forex viewpoint the severity of this new disease is inversely related to traders' interest in trading forex. Initial evidence suggests that it is not going to wipe out the total human population of the world in a year so we can remain ...

Containing the Coronavirus: What’s the Risk to the Global Economy?

Everyone should be conscious of the very high risk of deflation. Looking at data for the past 35 years (since 1985) there is a lot to observe and a lot to try to understand: 1. The yield on 90 days Treasury Bills did not go below 2% until the Tech ...

Take Five: "Our currency, your problem" - all over again

If there is a message here it is a crisis of academic economic thought. There are no new tools. There is a failure to admit to fresh problems by ignoring and avoiding the use of old tools. Mixed economies aim to employ both market and non market ...

Brainard: Monetary Policy Strategies and Tools When Inflation and Interest Rates Are Low

Many members joined to get benefits because it was impossible for those countries to rule within an orthodox economic model. They could blame the EU for 'forcing' orthodox policies Now we are in the very long phase of sorting out whether the weak ...

EU Leaders Fail to Strike Budget Deal Amid Post-Brexit Discord

Tweetland speak useless here.

Fed's Brainard: Front end control of curve easier to control without distortion - BBG

Record highs mean nothing as explained here many times. The index measures simply the current value of the companies in the index. So GDP, population, government debt, and 20 other indicators are at record highs, so what? My age is at a record high ...

The ASX has just set a new record high, shooting upwards despite the looming shadow of the...

Monetary easing will continue in Europe is the main message. Europe continues to have very large structural problems including too much protectionism. Inequality in wealth and opportunity are extreme but EU is not alone in that respect. It's amazing ...

German consumer climate stagnates

This is a hotch potch article which goes nowhere. Adrian Orr is reliable in so many ways that if it's the truth you want (not always assumed) then you only have to listen. Fortunately for NZ this Governor understands the world we live in and the ...

Reserve Bank governor Adrian Orr 'begs' for more resources

It's a typical central bank attempt to describe the circumstances of the real world without any relative context. Youth unemployment in Europe is extremely high and has been for many years, not mentioned. Overall unemployment in Europe is completely ...

De Guindos: The euro area economic outlook and the current monetary policy stance

Everyone should be conscious of the very high risk of deflation and he obviously is so, "well done, Kaplan". Looking at data for the past 35 years (since 1985) there is a lot to observe and a lot to try to understand: 1. The yield on 90 days ...

Fed's Kaplan: I don't want the US to resort to negative rates

I've been trying to find out how many deaths there are in USA from obesity and it looks like of the order of 400,000 per annum. But this is a crisis of of mis-spending and quite a lot higher (so far) than the current health crisis in China. US ...

White House economic adviser says coronavirus outbreak could 'maybe' impact U.S. GDP in first...

These are indeed good charts to feed into an analysis of US financial health but they need to be in context of US economic health and a world where economic interactions are much more powerful now that in some of the charts. And there are several ...

These 13 Market-based Indicators Are Looking Good!

As for Japan itself, we conclude that various governments have refused to promote market capitalism as the main philosophy to guide policy decisions. Unless there is a commitment for change towards structural economic reforms we believe that the ...

Japan's economy shrinks at fastest pace in 6 years, virus clouds outlook

Official short interest rate has now been below 1% for 25 years! Translated to common sense this also means a deflationary bias for 25 years. The gap between Japan's deflation and other developed economies has narrowed meaning that the developed ...

Japan's economy shrinks at fastest pace in 6 years, virus clouds outlook

There is no elite. Look in your mirror and recognize you are it.

No phones, no leaks: How Lagarde is making her mark on ECB

The US just called it QE.

China's central bank injects 900 bln into market

Deflation is a big risk for USA. With globalisation still a very effective counterweight to US tight markets, cheap imports will continue to compete against domestic products to meet demand. This is ECON 101.

Daly: Next downturn will need fiscal stimulus

Conflicts with commitments to focus on US rather than global issues. This is a planet called Earth, not USA.

NASA Set For $25 Billion Budget Boost, Bringing Manned Moon And Mars Missions Closer