well thats a bit much
Jun 16, 1917 - French observation post in Alsace #100yearsago
Tight job market but no price pressure: Fed’s long, strange #inflation trip feels so 1960s.
Jun 16, 1917 - Saturday Evening Post #100yearsago
Dems add climate change, Russian sanctions amendments to defense bill to pressure Trump
The privatization of the subway is the solution New Yorkers need by @mises
The country that’s adopting electric vehicles faster than anywhere else
The Left Is Trying to Rewrite American History. We Must Stop Them.
UAE sees parting of ways if Qatar does not accept Arab demands
GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation
CEO of Raytheons Forcepoint eyes IPO: Boersen-Zeitung
Antarctica is leaking from the inside out
Pakistan: Death toll in Parachinar and Quetta attacks passes 80
Candidate in Mongolia’s presidential election attacked as ‘half-Chinese’
The hourly wage needed to rent a two-bedroom home in every state
Why is Africa home to me, but uninhabitable to my peers?
Trump’s job promises crash into reality as auto industry lays off thousands:
Heres a pretty major sign the fallout from Brexit hasn’t arrived yet
My dads Fathers Day gift! @NatCounterPunch @JSCCounterPunch @joshua__frank @stopimperialism
Indias Economic Growth Remains Strong After Mondi’s Black Economy Crackdown. #SMI
Heres EU on this World Value Survey. Its wrong though. No way Estonia is that far away from Finland/Sweden
Is Zimbabwes Broke Prisons Department Illegally Selling Cabbages?: #Zimbabwe
Trump considers leaving Mideast peace talks he once said wont be so difficult: report
Theres no proof that eating your placenta has any health benefits:
FX Daily, June 21: Heavy Oil Weighs on Yields and Lifts Yen #FXTrends
Trump slams wind and solar but red states are embracing them
Ex-Obama official: Trump has done nothing to prevent another Russian election hack
Another tragedy strikes Afghanistan with no coherent U.S. policy in sight
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Journalists Charged With Crimes Against State: #Angola
Millennials are the most likely generation of Americans to use public libraries
Dems to leadership: Our voters dont care about Russia investigation
Global business confidence remains very strong in June. #SMI
Whatever your position on #globalwarming and #climatechange, these statements are different.
33 mins to go....
Toys or dangerous weapons? Toothpick crossbow craze has Chinese parents quivering
Its important in todays difficult times to remember these words of wisdom.
.@EdStringham on Radically Rethinking Police | #MisesWeekends w/ @JeffDeist
Democracy Dies In Rompers.
Suspect indicted for murder in the death of Massachusetts jogger Vanessa Marcotte
This Circuit Court ruling is a huge win for #ReligiousFreedom on same sex marriage.
New York Times publishes list of every outright lie by Trump since inauguration
Paul Barbera photographs the studios of Tadao Ando, Kenya Hara and more:
A study says youll be happier throwing away your bucket list than chasing it
Defiant Barclays digs in for US battle
Defunding Planned Parenthood would only cause harm to low-income women
Italian government decree for Veneto banks delayed to Sunday: source
Iran foils plot to bomb religious centres
Can think of better uses for FX reserves right now.
This is why I pretty much stopped caring after Ok Computer.
Trump details how he’s profiting off the presidency
Half of your budget should go toward Essentials, like housing and food. Learn more:
What is behind the campaign against Al Jazeera?
Soviet soldiers lowering German flags during the Victory Day Parade, Moscow, Russia, 24 June 1945.
Don’t miss the emerging #techconference of the year. Register for #emtechmit TODAY!
Conservative Protestants could be facing a sexual abuse scandal on a historic scale.
CIA knew in August that Putin sought to boost Trump, report says
US residents: enter to WIN a trip to #Kenya w/ @MagicalKenya and @Gate1travel:
Is orgasmic meditation a spiritual rediscovery of sex, or just a fad? Last week’s most read:
Not everyone in advanced economies is using social media (via @pewglobal)
Trump, Pence to attend Mnuchins wedding after Cabinet member spoiled surprise
It was so hot in #Arizona this week that recycling bins melted. Via @BuzzFeed #climatechange
Corbyn headlines the main stage at Glastonbury
#NewZealandvsPortugal - #FIFA #ConfederationsCup2017 #Russia #CristianoRonaldo #Pepe #RicardoQuaresma #AA
UK might give guns to more police officers
LatAm Sales Mangers’ Index Falls Back Into Recession Territory in June. #SMI
#OTD 1985, STS 51-G Discovery lands seven-member crew at @EdwardsAFB, touching down on Rogers Dry Lake.
Jupiter is about halfway to zenith tonight.
Glitch porn makes being naked on the internet interesting again
A hotter planet might make hurricanes more destructive
Enter an Archive of 6,000 Historical Children’s Books, All Digitized and Free to Read Online
Bill Clinton delivers grave warning on opioid crisis: It’s going to eat us all alive
British opposition Labour leader #JeremyCorbyn gets rapturous music festival welcome
Palestinians furious after ‘tense’ meeting with Jared Kushner: report
The 25 most wish-listed destinations of 2017
Science and Religion
Senate Republicans to add penalties for being uninsured in ObamaCare repeal bill: report
Twitter Is a Cesspool, But It’s Our Cesspool via @kdrum
Ambiance de fête nationale
Threat of Justice Kennedy retirement leaves Washington on edge
Egypts Sisi hands control of two Red Sea islands to Saudi Arabia
Go Boston 2030 What Lies Ahead
Anthony Kennedy considering retirement from Supreme Court: reports
Turkey: Istanbul LGBT march banned for third year over security concerns
State Department allowing Russian diplomats to roam free in US: report
What do RuPaul and Nietzsche have in common? More than you may think
Sheryl Sandberg has 2 useful pieces of advice for Facebook advertisers @robpegoraro
Rick Perry loses his cool when confronted by Sen. Franken on climate science
South African Business Confidence Plummets in June. #SMI
OPINION: How to put bear attacks in context and hold onto Alaskans’ right to adventure
Marc Lange interviewed at 3AM Magazine
Motorcycle officer in Pence motorcade seriously injured in crash
#Israel launches air raid on #Syria in return for fire: Army
Dislike for Brazils Temer continues -- approval ratings plummet #foratemer
Fugazi
Macron launches environmental counter-initiative to Trumps COP 21 snub
UK: 72 firefighters tackle London residential blaze
WATCH: Colbert asks Russia to help him beat Trump in 2020
The new design concept from @Airbus is a helicopter with wings.
A cyberattack has targeted Britains House of Parliament, reports @westonphippen
This Pill Could Reverse a Third of Abortions
CEO of Raytheons Forcepoint eyes IPO: Boersen-Zeitung
This #counterthink #cartoon was published in 2006. Is it more truth than ever in 2017?
NEW: Dems add climate change, Russian sanctions amendments to defense bill to pressure Trump
24 June 217BC, the Romans, led by Gaius Flaminius, were defeated by Hannibal at the Battle of Lake Trasimene.
#DragonUkrainianPropertiesDev. Plc (#DUPD) – Almost Free Put Option On Offer?
Indias Snapdeal files police case against former heads of local logistics firm
Talk of different policy tools makes no difference at all
Vinyl is back. But until now, record-making has been stuck in the 80s.
How much do you really know about the global #refugee crisis? Take our quiz: #StandAsOne
Updated monthly $FXB chart from this @seeitmarket post. Will work on a follow up post soon
5 Ways Obamacare Proves That Government-Run Healthcare Is a Disaster
Global Manufacturing: Business confidence remains strong in June. #SMI
#VladimirPutin praises Russia’s ‘unique’ spy network
Trump may exit peace talks after tense Kushner/Abbas meeting via @Jerusalem_Post
American Electric Power: A Safe and Growing Dividend for Retirement Income
Theresa May praises militarys work against terror at national Armed Forces Day celebrations
Poutine se rend en Crimée, Kiev proteste - ladepeche.fr via @afpfr
I get asked a lot about recommended reading for investments. This is what I used to give newly hired traders.
OK, Im buying $SNAP at the open Monday.
India’s prime minister #NarendraModi to meet #DonaldTrump in no-frills visit
The Senate health-care bill hands big costs to Alaska
GOP lawmaker calls for special counsel Mueller to recuse himself from Russia investigation
Seattle proves a $13 minimum wage doesn’t necessarily kill jobs
Majorities in Europe, North America worried about extremism in the name of Islam
20 things you didn’t know about kissing.
Thanks, Neel!
Entitlement reform is finally here—and its ugly by @rickjnewman
The 10 best living philosophers that you should know
Mexico City and Guadalajara celebrates #Pride2017 #Orgullo2017 #LoveIsLove
Trump’s job promises crash into reality as auto industry lays off thousands:
Matthew Parris compares Britains Brexit debacle to the Suez crisis of 1956 - a national humiliation
Public hotel by Herzog de Meuron features fuss-free bedrooms like cabins on a yacht:
Nature therapy is a privilege, writes @julieebeck
Mongolia: Price inflation remains low in June. #SMI
These 4 Conservative Senators Say They Can’t Vote for GOP’s Draft Health Care Bill
The U.S. trails most developed countries in voter turnout
How can the EU27 minimise the financial market fragmentation after #Brexit?
Anthem Health Drops Out of 2 More State Obamacare Exchanges
US Air Force buying IBM 64 million neuron computer
Trump visits Trump golf property for 30th day since taking office
“OK, let’s go see the $1.65 million house I just bought sight unseen.”
via @nilaffle
Russia ‘meddled’ in American election, Trump spy chief says
New York Times publishes list of every outright lie by Trump since inauguration
Poll: Fewer Russians approve of how Putin deals with U.S. – @politico on our new survey
Dems to leadership: Our voters dont care about Russia investigation
Indias Snapdeal files police case against former heads of local logistics firm
Corbyn rocks Glastonbury Music Festival
Bank of England poised to act as credit card market overheats
Nisa members offered deal to sweeten Sainsburys buyout
Trump is about to break a major campaign promise
@RudyHavenstein
Economic earnings are steadily declining, even as reported earnings are up slightly
The economy was already in recession when Bernanke said this. #NBER
Genetically engineered fungus knocks out deadly mosquitoes using scorpion toxins
Chinese table tennis stars pull out of China Open
June 24, 1314: Robert the Bruce wins the battle of Bannockburn over the English, Scottish independence assured.
This butterfly is a bilateral gynandromorph literally half male, half female.
Landslide buries mountain village in SW China, fears for 141 people
Why the Ford Raptor is the best recreational vehicle out there
UKs Jeremy Corbyn calls out Trump: Build bridges, not walls
Löwy on Traverso On Left-Wing Melancholia and the organisation of pessimism
@NickatFP
The Cause Of Bad Breath How To Effectively Clean Your Mouth - By @AlannaMaeLove -
First gay Irish PM joins global LGBTQ pride parades
@RudyHavenstein
Ex-Daily Show correspondent knocks CNN: Turn the cameras on. Get thrown out
Amazons costly fix for the grocery business
Maybe the recession is already over.
Infographic: An Introduction to Algorithms
Neil deGrasse Tyson is developing a video game about space exploration!
How do fish know how to swim in schools?
‘White terrorism’ and Donald Trump
Interesting Deutsche Bank take on Amazon-Whole Foods
‘Wonder Woman’ breaks a new box office record
Backing Trump, Shakespeare and free speech (at the same time)
U.S. Home Sales - Floating Path
Pret a Manger signals autumn float in US with auditor shake-up
Senate Republicans to add penalties for being uninsured in ObamaCare repeal bill: report
Humboldt Current, 1952 Max Ernst #painting
Daniel Day-Lewis is a genius, but Ill shed more tears for actors who dont choose to stop
Emissions Reduction in Cities: A Guide to Getting Started
Arnold Schwarzenegger teams up with Macron to fight climate change:
How to know when to refinance
Under Trump, coal communities are stuck between a rock and a hard place
Populism will save the Democrats, argues @FranklinFoer
Ignoring #UX leads to revenue loss for #banks #fintech @sandricz @born2invest
#Climate fact: Even in the 1970s, the vast majority of scientific papers predicted warming.
Facebook seems to have ripped off its new mission statement from Hooli.
10. YTD, the companies with the most buy ratings had the best performance. $SPX $STUDY
Missouri Votes to Let Employers Fire People Who Use Birth Control
Appeal for utterly heartless burglars who stole charity money to help child with cancer
US group launches mobile app to report hate crimes
Tech executives praise Trump after meetings on immigration and tax reform
9. Healthcare sector has the most buy recos h/t @factset $SPX $XLV
Quindells buyers sue to reclaim every penny spent
Uno’s Pizzeria deep dish pizza is coming to United Airlines
8. The Bespoke Investment Group Irrational Exuberance indicator looks exuberant... via @TheBubbleBubble
Muslim world readies for Eid al-Fitr but shadow hangs over festival in places
Saudi, most Gulf Arabs start Eid al-Fitr on Sunday
UN rights body votes to investigate Kasai killings in central Democratic Republic of Congo
State Department allowing Russian diplomats to roam free in US: report
@Rachael_Swindon
This tiny frog has transparent skin to show its organs off to the world
Arconic knowingly supplied flammable panels for use in tower: emails
Tsar Ivan the Terrible and the priest Sylvester, 24 June 1547 (oil painting, 1856, by Pavel Pleshanov)
QA: Jiao Niandong on turning tiny living things into robots
Japan: LDP lawmaker Mayuko Toyota resigns after recording of abuse on aide surfaces
Goldman Sachs new consumer bank is already popular with Main St. America by @SallyPancakes
Wal-Mart asks employees to deliver packages on their way home
7. Speaking of PE ratios - heres the PE10 for Small Caps vs Large Caps: $IWM $IJR $OEF
1982: Rutger Hauer in Blade Runner as rebel replicant Roy Batty AND as Albert Speer in Inside the Third Reich
by accident
Threat of Justice Kennedy retirement leaves Washington on edge
Anthony Kennedy considering retirement from Supreme Court: reports
AIDS peaked in the late 1990s. By 2010, incidence of AIDS had decreased 20 percent.
6. Well I havent seen this kind of PE ratio before.... h/t @TN @TheOneDave $SPX $TNX
Who would object to this battlefield memorial? Who would erase such sentiments?
.@OracleTeamUSA claim their first win of the regatta! Things just got interesting. #AmericasCup #ThereIsNoSecond
Sally Yates: Sessions drug crime policies are based in fear, not facts
Death toll from triple bombing attacks in Pakistan rises to at least 85, officials report
A message to Radiohead Performing in #Israel is supporting apartheid!
Chill: Summer isn’t the season for a bear market via @MktwHulbert
Who profits from the business of human trafficking in Gambia? Watch on @TalktoAlJazeera:
Why Amazon wants to make giant floating drone warehouses:
WATCH: Colbert asks Russia to help him beat Trump in 2020
5. CEO confidence is strong. This is usually good for stocks. h/t @HORANCapitalAdv $SPX $MACRO
North Sea debt battle to drag on as oil price forecasts are slashed
British firefighters battle blaze at low-rise building in east London
Is Ireland headed for trouble at the border?
Single-use plastics should be a thing of the past. So why do they still exist? #NoPlastic
Some Central Bank vs market charts from Citi and JPM
*first photo seen after awakening from coma
4. CI Loan momentum stalls appear to occur after a stock market peak. No peak yet. h/t @StockBoardAsset $SPX $SPY
Trump’s job promises crash into reality as auto industry lays off thousands:
3. The $FED sweet spot for stocks? Low rates relative to wage growth: @TopdownCharts $SPX
How a Chicago program cut violent arrests in half, writes @olgakhazan
If iPhones are too expensive, Chinese-made smartphones may be for you @DanielHowley
Get courtside seats for the worlds greatest tennis tournament, Wimbledon: #travel #lp
2. The market is neither fearful nor greedy. It just is.
Hyper Chariot Aims To Go Faster, Further, Cheaper Than Hyperloop
Pence holds unscheduled meeting with billionaire Koch brother during Colorado trip
1. The bearish breadth divergence seen in the SP 500 is yet to resolve one way or the other... $SPX $SPY
Apparently, MMs may be melting in more than our mouths @johnrplatt
New York Times publishes list of every outright lie by Trump since inauguration
“Celebrating 20 Years of Internet Free Speech Free Exchange” by @AdamThierer
Ehud Barak says a Palestinian state would be ‘non-viable’
US SPX eqty: Tech correction that looked scary last week now looks like straightforward mean reversion - FT Authers


Tony Yates
Imagining that how to spend the BoE missing stimulus was the GE2017 centrepiece
1 month ago




Myself and many others have suggested that in order to help out monetary policy when interest rates reach their effective lower bound [around 0], there should be a discretionary fiscal stimulus.

My version of this is that the BoE would quantify how much was missing given what was possible not just with rates, but also QE.  And the Treasury would decide whether to accept this advice, and, if so, how to implement it.

Imagine if this system was already in place for the 2017 General Election.

The question for all parties would then be:  do you agree with the BoE’s current estimate of the missing stimulus?  If not, what do you think it is, and why does your analysis differ?  If you do agree, how are you going to implement and unwind it?  What other – for example distributional – objectives are guiding those choices?  If there has been missing stimulus applied in the past, has it worked and had the intended effect?  If not, what is to be done differently next time?  If the BoE, in the face of one of the many downside risks that might materialise, were to sharply increase its missing stimulus quantification, what would your contingency be?  How are the answers to all these to be made consistent with long term fiscal sustainability?

This would be a much better world, in my opinion, than the clash of brands and scare stories that colours the current discussion of fiscal policy on the airwaves, which – Labour’s draft manifesto aside – never mentions the constraints on monetary policy.