Their money worthless, Venezuela’s desperate flee by foot
“As night approached, Sandra Cadiz wrapped her shivering daughter in a blanket and prayed for a ride up the frigid Colombian mountaintop known as ‘the icebox.’ Ten-year-old Angelis already had on nearly all of the clothes she’d brought for the 2,700-mile trek through four countries….” Read more
Is The Fed Trying To Sabotage Trump?
Could it be possible that the Federal Reserve is attempting to influence the outcome of the upcoming midterm elections? Just weeks before Americans will go to the polls, the Fed has been making headline after headline with talk about interest rate hikes. And they very well understand that interest rate hikes will rattle investors and slow down the economy. Read more
What Does It Mean to Have “Skin In the Game”?
Talk is cheap and people who talk and don’t do are easily detectable by the public because they are too good at talking. Read more
The Problem with Prescriptive “Rationality” in Economics
Behavioral economics claims it has shown that people behave irrationally — often make mistakes, and have problems with self-control. But is this really irrational behavior? Read more
Stagflation Looms As China’s Economy Suffers Weakest Growth Since Q1 2009
Chinese macro data has been serially disappointing for almost five straight months, and tonight – as Yuan tests down to cycle lows – all eyes are on the heavily ‘managed’ macro data to reasssure the masses that despite a 25-35% collapse in its stock market this year, all is well in the land of hidden debt. China’s regulator already offered up some reassurance tonight that “China’s financial market volatility is not in line with the healthy status of the economy…” adding that “financial risks are controllable.” Read more
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