New York University economist Nouriel Roubini is warning that the mixture of macro liquidity and market illiquidity is setting us up for a “ticking time bomb.” Roubini recently wrote on Project Syndicate that the central banks have generated vast sums of liquidity in financial systems across developed countries since the economic collapse, but the liquidity […]
Archives for June 2015
Video: John Oliver on cronyist FIFA
FIFA is a classic example of what a cronyist organization is. It colludes with government, bribes public officials and uses taxpayer money like a standard ATM. Finally, after years of something we already knew, FIFA executives have been charged and the shenanigans that went on there are starting to come out. John Oliver does another […]
CNN vilifies savers, blames them for not growing economy
In the United States, the national savings rate is a dismal 5.6 percent. It’s very low, compared to the mid-1970s when it was inching towards 20 percent. The personal savings rate has remained in single digits since the 1990s, though there was a one-year period in 2010 when it jumped to 10 percent. Although any […]
Does Rupert Murdoch get it when it comes to central banks?
Rupert Murdoch sent out four tweets Sunday, and two of which made perfect sense. The so-called billionaire tyrant has been lambasted and criticized by everyone everywhere, primarily because of Fox News. Whether or not it is justified can be debated. But there is no doubt of some of the comments he made Sunday on Twitter […]