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- To save the stock market while pretending the "recovery" in still on track, the #Fed used low oil prices as its excuse to turn more dovish.
- #janetYellen claims if the economy falters the Fed has the same tools it always had. Too bad printing money and buying bonds never worked!
- Aug. manuf. PMI unexpectedly fell to 52.9, the lowest level since Oct. 2013 and the biggest miss verses expectations in 2 years!
- Mario #Draghi, worried that European consumers will suffer if food and energy prices are too low, has promised action to push prices higher!
- Blame central bankers for creating an “empty calorie currency” that even Toblerone can’t avoid:… https://t.co/prp3BkZnyv
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- @ArensTed 35% at the corporate level, then 24% on the same income at the personal level when paid as dividends.
- Discussion forum: The Continuing Relevance of Anthony de Jasay | by Christopher J. Coyne (Sept. 3, 2015)
- The EU working paper said giving supervisors the power to temporarily block withdraws was “a feasible option.” http://bit.ly/2hKDWvl
- Fed Up Friday – The markets may be betting for a Fed rate hike that will never arrive: https://t.co/jdHrYJEEwK https://t.co/4XtNUhZO7D