For more than ten years, ECB monetary policy has been ultra-expansionary, whether there was crisis, a recovery, economic growth or stabilization. The worst excuse of all that was used to justify endless quantitative easing has been the often-repeated
Very few, if any, financial outlets have been more outspoken over the last decade about the harm that governments can do micromanaging (and in this case, shutting down) economies than we have been.
On Friday the White House issued a statement on spiraling tensions with China over the Taiwan issue, saying that the US is "not looking for confrontation with China" but that it's concerned over Beijing's "potentially destabilizing" actions in the re
Janet Yellen's pitch during the spring meetings of the IMF and World Bank this week for a new global minimum tax rate was met with applause from the EU...
Do you remember the end of Dr. Strangelove? When the Russian ambassador reveals the existence of the Doomsday device Strangelove makes the point that such weapons only have deterrent power if everyone knows about them.
Last week, the The IMF released the latest Currency Composition of Of?cial Foreign Exchange Reserves (COFER) report for Q4 2020.
The supreme auditors of Germany warned about the costs of Green energy a few years ago, but now they are paying attention to energy security too, and with sudden alarm they've announced that Green energy poses "an existential threat" to Germany
"While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results,"
"You're gonna need a bigger boat" is still a classic movie scene that makes the hair on the back of my neck stand up. Clearly not just me: the meme still resonates with my generation, and John Williams' instrumental sound of the shark still g
Even though global manufacturing is humming along, fueled by new demand, unprecedented fiscal and monetary support continues to exacerbate shortages.
TODAY'S SHOW WILL BE A PODCAST with John Sneisen (The Economic Truth) provides an economic update; predictions for 2021 - MP4 will be loaded after the podcast
In recent weeks we have been pointing out the stark divergence between markets in various geographic time zones...
This report from RT from last week is the kind of thing that feels like a press release from Russia. It's to let everyone know that whatever happens next the Russians are prepared for it.
"When you are thirsty and it rains, use buckets rather than thimbles."
A $1.9 trillion stimulus package was recently signed into law in the United States. Can such a stimulus bill, plus packages passed in other countries, really pull the world economy out of the downturn it has been in 2020? I don't think so.
The European Commission is failing. Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice.
Shipping bottlenecks created by the virus pandemic have disrupted global supply chains.
China's exports surged by a record 60.6%Y/Y in January-February, and smashing expectations of 40%, in part due to the 1 year anniversary of China's shutdown last February...
World food prices spiked for the ninth consecutive month to hit a six year-high in February, led by sugar and vegetable oils, according to data from the Food and Agriculture Organization (FAO) of the United Nations.
The over-indebted, overcapacity global economy an only generate speculative asset bubbles that will implode, destroying the latest round of phantom collateral.
International Man: Rare-earth elements (REEs) were in the news recently. What is the significance of these 17 obscure elements from the periodic table?
If you thought that authorities all over the planet could print, borrow and spend money like there was no tomorrow without any consequences, you were being delusional.
Neosocialist China does it, Sweden does it, and many other states want to do it, too: to issue digitized central bank money for everyone.
Some economists say a shrinking workforce threatens China's chances of overtaking the U.S. as the world's largest economy
This madness is now global, so next up: global depression.