This post No Good Options appeared first on Daily Reckoning.
Britain is scheduled to leave the European Union in just four days, but neither side can agree on divorce settlement… Brexit comes at a very poor time for the global economy…
The post No Good Options appeared first on Daily Reckoning.
This post The Real Problem With Modern Monetary Theory appeared first on Daily Reckoning.
MMT is built around a bogus definition of money…
The post The Real Problem With Modern Monetary Theory appeared first on Daily Reckoning.
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This post A Recipe for Massive Government Spending appeared first on Daily Reckoning.
How can the government spend massive amounts of money without raising your taxes?… “Get used to the rise of MMT. It will be a central feature of the 2020 election campaign”….
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This post The Crumbling Chinese Market appeared first on Daily Reckoning.
“China is so heavily indebted that it is now at the point where more debt does not produce growth. Adding additional debt today slows the economy and calls into question China’s ability to service its existing debt”…
The post The Crumbling Chinese Market appeared first on Daily Reckoning.
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This post China Snared in “Middle-income Trap” appeared first on Daily Reckoning.
Subtract China’s fraud and waste, and its economy is far worse than official numbers indicate… China struggles to break free of the “middle-income trap”…
The post China Snared in “Middle-income Trap” appeared first on Daily Reckoning.
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This post Multiple Risks Are Converging at Once appeared first on Daily Reckoning.
“The Fed may have avoided a recession for now, but they have left themselves far short of what they’ll need to fight the next recession when it comes”…
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This post A Trained Monkey Could Do Better appeared first on Daily Reckoning.
“In short, professional forecasters are worse than trained monkeys at predicting markets”…
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This post Jay Powell’s Gift to Markets appeared first on Daily Reckoning.
“There could be a violent reversal in the sugar high that started two Fridays ago”…
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This post Here’s Where the Next Crisis Starts appeared first on Daily Reckoning.
“If default rates are only 10% — a conservative assumption — this corporate debt fiasco will be at least six times larger than the subprime losses in 2007-08”…
The post Here’s Where the Next Crisis Starts appeared first on Daily Reckoning.
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This post 2019 Headwinds Are Getting Stronger appeared first on Daily Reckoning.
“Uncertainty reigns and it’s not going away anytime soon”…
The post 2019 Headwinds Are Getting Stronger appeared first on Daily Reckoning.
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