What took them so long

Russia Wealth Fund cuts USD reserves to 0

I'm glad that Dr Lowe is the sole spokesman for the Board of the RBA. Pleasant change from another well known central bank that is so dysfunctional it is dangerous.

Statement by Philip Lowe, Governor: Monetary Policy Decision

Are recessions unpredictable, or do we just not know how to predict them? That is not an "or" thing. That the Fed knows nothing is abundantly clear from this and other unifactorial slabs of words emanating from this garden of weeds. This does not ...

Unpredictable Recessions

Well I dunno - I'd like to find exactly where Keynes would have condoned the current fiscal and monetary policies practised by not only the US but by some other fraudsters as well. He did, for example, have words to say about the liquidity trap ...

Daly: Tapering should be considered later this year or early next year

This isn't about an ellipsis. Or me.

Treasury Traders Brace for Volatility With Debt-Limit Chaos Near

I'm not convinced that Yellen (and Biden etc) has joined the dots that her proclivity to spend is related to the quantum of debt incurred. Someone draw her a picture on a whiteboard. With pretty colours. If it were any other country, say, Greece, ...

Treasury Traders Brace for Volatility With Debt-Limit Chaos Near

Yeah, pretty much. The Elites don't like economics, and Austrian economics is to The Chosen Ones what sunlight is to a vampire. Accounting concepts are OK, though, like modern monetary theory. They can colour in the pictures with crayons. On the ...

Daly: Tapering should be considered later this year or early next year

Imagine her disappointment if after having pumped trillions of cash into the economy she was unable to report any inflation to her constituents, the Elite. A central bankers nightmare. Reason for dishonorable dismissal.

Schnabel: Rising inflation expectations give room for optimism; fiscal and monetary support...

"No one in Financial industry with inside track believes Fed will act to undermine growth." I happen to think that everything that the Fed does actually undermines growth. Well , since about 1971, anyway. But what would I know, I am not an insider ...

Daly: Tapering should be considered later this year or early next year

But wages are already amongst the highest in the world - about $20 per hour is legislated minimum wage. Should labour markets get so tight as to generate further material wage growth, combined with near zero interest rates and easy credit, well, one ...

What to expect from the July RBA meeting

Because they don't trust each other. That's being diplomatic.

To reach agreement to ease cuts, one option is to delay decision with regards to extending the...

I'm gunna bet that the US didn't concede any of its natural advantages in making other countries agree to this.

The US wins international backing for global minimum tax

Do these dudes ever actually do anything except talk all the time?

Fed's Waller: Unemployment Rate Would Have To Drop Fairly Substantially, Or Inflation Would...

Shhh, don't tell anyone, especially those accountants who salivate about modern monetary theory - they might not like you much. For anyone who is interested, a very short Wiki entry on what has been known for a few years as the quantity theory of ...

Fed's Kashkari: The US economy remains in a "deep hole"

Well who knows. Japan has had about zero interest rates for I dunno, 20 years?

Fed's Kashkari: The US economy remains in a "deep hole"

Aussies will be on bread and water rations soon.

More than 10 million Australians go under lockdown in fight against Delta variant

That's about the unofficial inflation rate, innit?

Annual house price growth accelerates above 13% in June, with all UK regions recording a...

The Australian Capital Territory, the Northern Territory and a few other bits of real estate (Norfolk Island?) are known as territories. NSW is not a territory. NSW is a state.

Sydney now in lockdown for two weeks as NSW records 12 new local cases, Victoria on high alert

Something of a digression reading those comments in quora. I personally find many of them rather narrow and not consistent with a more robust analysis. I guess that's social media, eh?

Sydney now in lockdown for two weeks as NSW records 12 new local cases, Victoria on high alert

I've thought they could be chosen in the same way that lotto numbers are drawn. Televised with bling. That way it wouldn't seem to be depressingly cumulative. Could be rather Orwellian and random, too, which would fit. Today's mutant number is, wait ...

Delta Variant Threatens to Destroy Another European Summer