We all know the market is rigged. We may not like it, but facts is facts. The world’s largest central banks have thoroughly rigged the game. They figured out…
Lindsay Williams of South Africa’s Fine Business Radio and CNBC Africa chatted with me today about the Fed, the end of QE, and inflation.
Listen here or the player below.
No, this isn’t about liar loans. It’s about the liars in the financial “news” media who twist the facts to suit whatever their point happens to be that day. Here are the facts about bank lending in the US.
Early openers losing ground: Kiwis flat, Aussies -0.3%, Nikkei -0.6% and Sth Korea +0.5%.
Most Aussie sectors in the red: REITS -0.7%, Consumer Discretionary/Gold/Utilities -0.6%.
The “faster rotating sanctions spiral with Russia” causes the worst plunge in the history of the German consumer index going back to 1980.
Montebourg proved the truth of the proverb that warns that it is dangerous to be correct when those in power are desperately wrong.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
There’s only one small problem with relying on artifice: we haven’t actually fixed what’s broken in the real world.As I noted yesterday, we now game dysfunctional systems rather than actually repair them. Rather than fix the dysfunctional sys…
A slight rise for the early openers: Kiwis +0.4%, Aussies +0.2%, Nikkei and Sth Korea +0.3%.
In Aussie sectors, Gold rebounding, +1.2% down to Telecomms -2.8%.
With fundamentals having become totally irrelevant these days, economists are reassigned to tout stocks.
Everyone who thinks they think seriously about economics touts the importance of productivity – and rightly so, since boosting this …