The Lesson Of The Special Elections

This week featured two “special elections” to the United States House of representatives. In both cases Democrats lost. The defeat was especially ...

These Are The US Cities Where Graduates Struggle The Most With Student Debt

With tuition at private colleges routinely eclipsing the $60,000 mark, it’s more important than ever for recent graduates to settle in cities wher ...

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

Authord by Sarah Butcher via eFinancialCareers.com, In 1985, Goldman Sachs was still a partnership. The current partners owned around 80% of the f ...

Reserve Balances and the Fed’s Balance Sheet in the Future

An important part of the Fed’s normalization policy is to reduce its holdings of securities and thereby reserve balances—deposits of banks at the ...

Bifurcation Analysis in a Model of Oligopoly

Figure 1: Bifurcation DiagramI have presented a model of pricesof production in which the the rate of profits differs among industries. Such persi ...

Love Is the Refuge of the Way

"Beware of false prophets, who come to you in sheep’s clothing, but inwardly are ravenous wolves. You will know them by their fruits. Grapes are ...

The Unlisted Dead! ECB Deemed Veneto Banca and Banca Popolare di Vicenza Failing or Likely to Fail

Two Italian banks, Veneto Banca and Banca (Un)Popolare di Vicenza, have shut down due to lack of capital. Both bank’s stocks are unlisted. On 23 J ...

Alan Blinder: Lamppost Theory and Dysfunctional Politics

Alan Blinder is working on a book with the working title The Lamppost Theory: Why Economic Policy So Often Comes Up Short. The title is based on a ...

Goldman Finds Most Modern Recessions Were Caused By The Fed

One week ago, Deutsche Bank issued a loud warning that as a result of the aging of the current economic expansion, now the third longest in histor ...

What is a statistical model?

My critique is that the currently accepted notion of a statistical model is not scientific; rather, it is a guess at what might constitute (scient ...

ECB Declares Two Italian Banks Have Failed

The European Central Bank (ECB) has announced as of June 23rd, that it was declaring two Italian banks insolvent. Veneto Banca SpA and Banca Popo ...

Weekly Commentary: Washington Finance and Bubble Illusion

June 18 – Financial Times (Mohamed El-Erian): “In hiking rates and, more notably, reaffirming its forward policy guidance and setting out plans fo ...

Germany Secretly Passed Total Surveillance of Everything

Governments routinely pass laws that are expanding their powers to the detriment of personal rights that are buried deeply in legislation only a ...

Mapping The U.S. States That Smoke The Most (And Least)

The number of people smoking in the U.S. has fallen considerably over the years. The most recent figures from Centers for Disease Control and Prev ...

"They Can And Should Do More" Australian State Slams Banks With $280 Million Tax

Australian bankers are furious after the country’s smallest state levied a “surprise” tax on the country’s five biggest banks that could siphon of ...

Two Italian Zombie Banks Toppled Friday Night

ECB Shuts Down Veneto Banca and Banca Popolare di Vicenza.

Central Banks – Tiptoeing Toward the Exit

  Frisky Fed Hike-o-Matic We haven’t commented on central bank policy for a while, mainly because it threatened to become repetitive; there just ...

Shhhh! It’s TOP Secret: Fake News For Your Eyes Only

The absurd hysteria over Russia continues today from yours and my favorite Russia-hysteria promotion site: the Washington Post.(more…)

Brexit One Year On: Political Chaos, Pounded Currency, & Pressured Consumers

It is exactly one year since the UK held the historic referendum vote on EU membership. As Deutsche Bank's Jim Reid notes, whether you think that ...

Market Talk- June 23, 2017

Most core markets finished a quiet week with limited volatility and little change. The Nikkei closed small down while the JPY set a similar trend ...

Bond Market Reaction to Housing

In light of the highly-touted strength in new home sales with prices at record highs, one might have expected US Treasury yields to soar. Let’s ta ...

How to Own Your Own Gold Mine

This post How to Own Your Own Gold Mine appeared first on Daily Reckoning. Public equity markets are in many ways a sophisticated game of pump-and ...

Things you don't see at market bottoms, 23-Jun-2017 edition

It is said that while bottoms are events, but tops are processes. Translated, markets bottom out when panic sets in, and therefore they can be mor ...

Chart of the Day: Government Health Spending As % Of GDP Since 1900—Up 64X

Banks Battered, Biotechs Best As Yield Curve Crashes To 10-Year Lows

Tech investors the last 2 days...   Lots of chatter again this week about shrinking The Fed's balance sheet... it's gonna happen no matter what a ...

Oil Rigs: "Not dead yet!"

A few comments from Steven Kopits of Princeton Energy Advisors LLC on June 23, 2017:• Total US oil rigs were up 11 to 756• Horizontal oil rigs wer ...

Former Fed Governor: "The Fed Isn't As Independent As Many Think"

With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen's Albert Edwards who wrotes that "Citizens Will So ...

Caught On Tape: Democratic Party Official Says He's "Glad [Scalise] Got Shot, I Wish He Was F*cking Dead"

'Progressive' democrats in this country are seemingly becoming completely unhinged.  A party that is run by the 'peaceful' hippies of the 60's who ...

Friday Evening Links

[Bloomberg] U.S. Stocks Gain as Oil Stabilizes, Dollar Falls: Markets Wrap[Reuters] Policy ponder: central banks head for the Portuguese hills[Reu ...

Emerging Market Debt Risk Tumbles To 10-Year Lows, But...

A serial deadbeat (Argentina) got investors to buy 100-year bonds, Sri Lanka’s latest debt sale was oversubscribed by 10 times, tiny Belarus is po ...

Next page