ASX News Live | ASX Opens Flat as Nasdaq Enters Its Second Bear Market
ASX opens flat on Wednesday. Nasdaq Composite enters its second bear market of the year. Bank of England to end bond purchases this week.
Macroeconomic News: Insights into Economic Trends and Developments
PLEASE, PLEASE, PLEASE Stop and Listen to History
This plea is NOT to central bankers or policymakers. Their bloated egos, gross stupidity, and blatant self-interest rendered them deaf to anything other than fawning (but very much undeserved) applause and accolades. No, dear reader, this plea to stop and listen to history is for you.
Price Increases? Prohibited!
The Fed and its member banks funded the federal government by expanding the money supply, lending out newly created dollars — especially to the US Government. GDP growth slowed. But debt growth sped up. In 1980, US debt was still less than US$1 trillion. Now, it is US$31 trillion…and growing fast.
Bubble, Bubble Toil, and Trouble
YODO…you only die once. Print it out. Put it on your refrigerator.
The great bubble distorted markets. It distorted the economy. It distorted politics and government. It distorted everything. It bent spoons. It curdled milk. And it left people with eternal truths that weren’t true for one minute.
The Beginning of the End for the Euro
Yet more bad news out of Europe… Last week it was Credit Suisse. The week before, UK pensions fund bailouts amidst a plummeting British pound. This week? A pivotal moment in the energy-driven German economic slowdown.
ASX News Live | ASX Sinks; Dubber Plummets 25% as CFO Resigns, Tyro Upgrades Guidance
ASX falls over 1% on Monday. Dubber sinks 25% as CFO resigns. Tyro upgrades guidance. Creso flags rebrand.
