I guess the tricky bit is to be careful about what is a planned economy. China is communist, but the economy clearly has embraced capitalist notions. I'm not sure what Nth Korea is - they follow some other path called "Juche". I'd say pretty much ...

Banks cash in as Wall Street blows out Main Street

Famous last words? Pop on over in a couple years and lets re-assess, eh?

Higher accommodation prices contribute to inflation

Yes. Hence my careful use of the word "Marxist". There are no cycles in controlled (communist) economies, they are always in a recession. Neither is here any measured unemployment, but that is a lie, of course. Normal capitalist/market economies ebb ...

Banks cash in as Wall Street blows out Main Street

The "economists" who advocate piling on debt (eg, Stephanie Kelton) are fringe dwellers and Marxists who happen to be in favour with politicians and the elite who need someone, anyone, to justify insane irresponsibility. So yes, with that slight ...

Banks cash in as Wall Street blows out Main Street

I look forward (from afar) to when Kamala becomes President. That'll be interesting.

Joe Biden is sworn in as president: ‘Democracy has prevailed’

It has been widely reported that China took measures to quarantine internally very early. It is also well known that in the meantime they nevertheless allowed international travel to proceed with questionable restrictions, if any. I cannot vouch for ...

Yellen: prepared to use full array of tools to challenge China's illegal practices

I didn't read all of what Janet Yellen said (and nothing of what Steven Mnunchin said), but I am still left wondering what exact policies she refers to when speaking of exchange rate policy in the context of Treasury. Given that fiscal deficits will ...

Gold Rises With Dollar’s Outlook in Focus After Yellen Weighs In

Wouldn't allow the USD to slip into oblivion and being something of an anomalous curiosity in the history books? I guess you can be optimistic about going to war, but it has nothing to do with whether you will get shot.

Yellen: prepared to use full array of tools to challenge China's illegal practices

Oxymoron. Some recent comments (both here and on other threads) have illustrated the vacuum of awareness.

Yellen: prepared to use full array of tools to challenge China's illegal practices

The Dow at 100,000?

Yellen: Will look into 50-yr bonds

Should anyone be of the inclination to actually read the Stat Dec, you may find that Williams is sought for possible offences unrelated to anything to do with the guts of the article - rather, for this matter - "For now, Williams is facing charges ...

FBI investigating whether woman stole laptop from Pelosi's office to sell it to Russia

I don't understand any of that.

EU will seek an extension to the deadline for UK free trade agreement ratification

What does it matter who they support? They are seeking freedom from authoritarian oppression.

EU will seek an extension to the deadline for UK free trade agreement ratification

So, should this all be correct, its just a little bit troubling, isn't it? Beggars belief. I don't recommend chucking out hard drives/SSD whatever, but they also do sometimes fail without very much warning (well, for me, anyway). Yes yes, everyone ...

Man who accidentally threw out a bitcoin fortune offers $70 million for permission to dig it up

I thought that the production had been licensed to other manufacturers (and there are plenty) in a variety of countries. Well, thats what I thought until I read the short article.' Unlike the inventor of seatbelts, who provided the technology for ...

EU countries told that Pfizer deliveries substantially reduced

Looking for opportunities with some long term potential, with the new invigorated administration and government salivating over a "plan" to make Ben Bernanke helicopter seem like an annoying mosquito, are there any companies these days still making ...

The Market’s Unexpected Reaction to Biden Stimulus Plan

"run" being the operative word, and combinations of this word/concept are popular with folk extolling Green agendas. That is short-term marginal cost, and is not only meaningless but any discussion of merits based on it is more than misleading. I'm ...

Biden: 2-step plan for recovery - 1st step get assistance to who need it the most - 2nd step...

I suppose it may be easy to criticise proposing to carve up a couple trillion of tax payers money, because its the economy and the government is here to help. I also suppose that whatever it is could be reviled, and that is a fairly strong word that ...

The Market’s Unexpected Reaction to Biden Stimulus Plan

I think that @abroketrader made a very good and concise comment in the original post, one which I happen to concur with. I look forward to him elaborating on his thoughts, should he wish to do so in the absence of bullying.

The Market’s Unexpected Reaction to Biden Stimulus Plan

OK, so its not very expensive to change supply. How little would this cost, roughly, while keeping the existing infrastructure (cables, poles, distribution and transmission sub-stations etc)?

Biden: 2-step plan for recovery - 1st step get assistance to who need it the most - 2nd step...