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Descent of the Global Monetary System

Tom Spencer

This is a problem because it forces households and businesses to divert energy away from productive activity and towards managing and avoiding the cost of inflation. One way to manage liquidity risk is to increase your stock of savings. What asset(s) do you think people should buy to manage inflation risk? Image: Pixabay.

System 88
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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

“My personal belief is the trucking industry needs to realize production of goods will have ups and downs,” Satish Jindel, principal of SJ Consulting , which closely tracks industry pricing, told Logistics Management. Month/Year Current Conditions Expected Conditions 2/1/2002 13.80 -11.92 7/2015 -14.92 8/2015 -14.67 9/2015 -11.36

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Bulls and Bears Debate China: Property Bubble Expands Again; GDP Growth Picks Up; Economic Recovery Underway? No Says Michael Pettis

MishTalk

There seems to be a still-widespread perception that PBoC reserves represent a hoard of unencumbered savings that the PBoC has somehow managed to collect. The PBoC has been forced to buy the reserves as a function of its intervention to manage the value of the RMB. billion yuan in August, a record in data going back to 2002, after 192.7

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Swiss Bank Hits Customers With Negative Interest Rates; Crazy? What About Velocity?

MishTalk

With its balance sheet totalling nearly 1.6 Inquiring minds may also be interested in the Frank Shostak's 2002 article Is Velocity Like Magic? Mike "Mish" Shedlock Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management.

Banking 28
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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

The Chicago Tribune estimated it at approximately $400 million : In 2002, for example, the city used tax-exempt bonds to pay an arbitration award involving the Fraternal Order of Police. It is not a balance sheet test, but a cash flow test. This is one of several eligibility criteria.