Jim Willie has been telling us for years that the system will collapse, that the endgame is arriving, that hyperinflation is coming, that purchasing power fill wall, and gold and silver will rise – and it’s all true – but the US government sure is skilled at delaying the inevitable by militarily bullying the world into continued use of our dollars. 235 more words
Tags » Inflation
Welcome to the Week End Blog. This week’s main macro number had to be Chinese GDP growth for Q3. Year-on-year GDP growth came in at 7.3%, slightly above expectations. 856 more words
Economic agents within a free market system operate such that each have a certain level of autonomy to act as they please, usually in order to maximise profit. 1,928 more words
Wow, the volatility these days, especially during the US opening hours!
The Nikkei 225 futures rallied almost 2% since their Tokyo close, fuelled by a yen drop of 1% largely off the back of good US employment data plus decent earnings from US corporates. 577 more words
By Bob Shapiro
According to Laurence Kotlikoff, economics professor at Boston University, the real, total National Debt including the “official” number, plus Agency debt, and plus unfunded liabilities like Social Security and Medicare is around $225 Trillion. 544 more words