By: Joseph T. Salerno A few days before the last FOMC meeting The Wall Street Journal reported on the Fed’s hand wringing over its inability to identify the “natural rate of interest” and explain its recent movements. According to the report, the Fed uses the “mysterious natural rate” to guide its decisions in setting the target for the fed funds rate. […]
Archives for June 2016
Study finds e-cigarettes caused one of the biggest drops in smoking rates
Where the government failed, the private sector succeeded. A new study suggests that e-cigarettes have helped cause one of the biggest drops in smoking rates ever recorded in Europe. Published in the journal Addiction, more than six million Europeans have quit smoking and an additional nine million have reduced their cigarette consumption thanks to e-cigarettes. […]
264,000 Texans want to secede from the Union following Brexit referendum
From Great Britain to Texas, the Lone Star State could finally have its secessionist moment fully realized. A few years ago, there was a movement in Texas to secede from the United States. At the time, then-Texas Governor Rick Perry just talked about it in passing, arguing that the Lone Star State could technically secede. […]
Record $2.1 trillion wiped out in Brexit fallout
Soon after 53 percent of Britons voted to Leave the crumbling European Union (EU), markets everywhere started to substantially crash, from Tokyo to London, from New York to Toronto. In fact, the Brexit crash wiped out more than $2.1 trillion. The one-day evisceration is a record, and actually beats September 29, 2008’s $1.9 trillion vaporization. […]
Week in Review: June 20 to June 26
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: War on Cash in U.S. slightly delayed as Treasury Department won’t kill the $100 bill Why Brexit is Better for Britain LOL: Vin Scully destroys ‘Socialist Paradise’ Venezuela […]