These economists are basing their long term predictions on one variable - the continued capital expenditure in AI. I think that is a mistake, but I'll just slide with it because they go on to make a quite fundamental mistake, as if they have learnt ...

Trump and his new hand-picked Fed chair—whoever it will be—are going to clash 'almost...

a major “administrative problem,” Importers of record would need to receive the refunds and then distribute them to affected customers, he suggested. Um, yes? That isn't a problem, it is how things are done in the real world with record keeping ...

Hassett says Supreme Court risks creating tariff refund problem

I notice from the comment above yours that the current ratio is about 6:1. In Australia it is over 8:1, with much higher mortgage interest rates. People with perhaps quite stable incomes sometimes have taken to living in caravans (edit - I now ...

US: How Much More Will Mortgage Rates Have to Drop to Spur Home Sales?

Alternative to taking any notice of my comments I wrote yesterday, today here on FF there is published this story which you may care to read url and I quote the BoJ remains a substantial buyer of government debt on a gross basis, which is how ...

Japan FinMin Katayama: Alarmed over FX moves

To clarify (35 years, 2.9% inflation) - 1.029^35 = 2.71981 $19.83 times 2.71981 = $53.93. Close enough.

Kevin McCallister spent $19.83 on groceries in ‘Home Alone’ — here’s what it costs now

I can't say that I had the pleasure. What did you experience with this "intervention" as you so delicately put it? Was it good for you?

Japan FinMin Katayama: Alarmed over FX moves

TO TAKE APPROPRIATE ACTION AGAINST EXCESSIVE FX MOVES. This means exactly what it says. It says nothing about levels or seeking to halt or reverse any trend. Alarmed over "excessive" moves. BoJ employing monetary policy to hit a price target or ...

Japan FinMin Katayama: Alarmed over FX moves

FED'S MIRAN SAYS GIVEN LAGS MONETARY POLICY SHOULD BE FORWARD LOOKING In a not so radical departure from making stunning statements regarding metaphysical issues of great import, Miran has announced he has just recently published his first book, ...

Fed's Miran: Inflation is heading in right direction

Sound like Biden was on crack as well.

President Trump Delivers an Address to the Nation

That would be the Freemasons? Or the Trilaterals? The Rothschilds?

President Trump Delivers an Address to the Nation

I suppose if considering beliefs relating to deep existential questions about life's purpose and human limitations, the transient nature of human existence and the frustration of human survival, then a belief in low interest rates might be ...

Trump: Next Fed Chair believes in low interest rates

Interesting. That statement isn't falsifiable. Although, do people really blame Trump for the grass turning brown in winter? I don't understand the import of that statement.

President Trump Delivers an Address to the Nation

The Fed can always lop off a few percentage points. Oh wait, that is if the Fed rate isn't 0.5% already in about 6 months.

The US Employment Situation -- November 2025

OK. The court may allow it to proceed if it is convinced that internet coverage was sufficient for it it have been considered as being published in the US.

Trump sues BBC for $5 billion, claims defamation from Panorama documentary

It's not possible!! It appears that Bessent is not master of his own domain.

Bessent says so far China has done everything we negotiated

I think that there is no doubt that there was bad intent. That is irrelevant to my point, that there is a missing element to the cause of action. This global level thing. Demonstrate to the court that the documentary was published globally. Is it a ...

Trump sues BBC for $5 billion, claims defamation from Panorama documentary

He was judged by the casino to be OK to continue playing and signing markers, but they also saw fit to handcuff him in a holding area. Nice casino, huh.

Man Racks Up $75,000 in Debt in Wild Night at Vegas Casino—Or Did He?

“While the BBC sincerely regrets the manner in which the video clip was edited, we strongly disagree there is a basis for a defamation claim,” the broadcaster said. I would think that it would depend on whether the documentary was shown in the US at ...

Trump sues BBC for $5 billion, claims defamation from Panorama documentary

He is perhaps one of the most difficult to read and understand people who I have read in a long time. It seems that he has a thousand thought bubbles going on at the same time. He tries to cover every conceivable possibility and weigh up each. He ...

Miran: The Inflation Outlook

Maybe I'd agree with more of what was being said if so many things were not plain wrong. This is about taxes (initially), and he gets some fundamentals quite wrong. He forgets that the "poor" may pay relatively more in tax as a percentage of their ...

'Back to the fundamentals’: Economics of living in America