This politician’s programmed thinking is exactly why Bernie Sanders is appealing (VIDEO)
Politicians like State Rep. Todd Rutherford (D-SC) hurts the progress of many While perusing my news feed this morning with the news at a much lower decibel than normal, I heard this politician who said that it was a cinch…
High Yield: Could the 2008 Crisis Repeat Itself?
Does the recent stress in high yield mean we’re headed for another financial crisis? We don’t think so. The probability of anything happening in markets is never zero. But in this case, it’s pretty close. We understand why investors are…
The growing life-expectancy gap
Researchers have long known that the rich live longer than the poor. Evidence now suggests that the life-expectancy gap is increasing, at least here the United States, which raises troubling questions about the fairness of current efforts to protect Social…
‘Woe Is Us’: U.S. Growth Scenarios for Dynamism — or Decay
The vitriolic public discourse in this presidential election season puts the United States at the crossroads of critical economic and political choices that will drive the direction of the economy for decades. Those choices will mean “the difference between stability…
The inequality puzzle
Over the past decade, income inequality has come to be ranked alongside terrorism, climate change, pandemics, and economic stagnation as one of the most urgent issues on the international policy agenda. And yet, despite all the attention, few potentially effective…
Potential Fed Chairman Calls For The Death Of The $100 Bill
Potential Fed Chairman Calls For The Death Of The $100 Bill In my last post on Sprott Money, I pointed out the frightening truth: the ECB is strongly considering eliminating the €500 bill from circulation, reducing their physical money pool…
Brexit: How Should Britain Vote?
The Out campaign has peaked Peter Kellner, President of YouGov Support for the Out campaign may have peaked. Over the past year, when people have been asked how they would vote in the EU referendum the question in their mind…
Why Are Big Banks Getting Bigger?
Why Are Big Banks Getting Bigger? Ricardo T. Fernholz Claremont Colleges – Claremont McKenna College Christoffer Koch Federal Reserve Bank of Dallas February 18, 2016 Abstract: The U.S. banking sector has become substantially more concentrated since the 1990s, raising questions…
The Problems With Negative Interest Rates
The Problems With Negative Interest Rates by Rick Rieder, BlackRock Rick Rieder explains why negative interest rates are more likely to hurt, rather than help, economic and financial stability. azart // Shutterstock There’s a view in some policy circles that…
Central banking goes negative
In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have been entrusted to manage. First came zero interest rates, then quantitative easing (QE), and now negative interest rates –…