Maybe I'll stop getting those cold-call scam calls from London brokers after midnight, being in Australia. England's average IQ will probably increase.

City of London Brexit hit worse than expected, says study

“Treasury is working tirelessly to address efforts by foreign economies to artificially manipulate their currency values that put American workers at an unfair disadvantage,” Secretary of the Treasury Janet L. Yellen said today. I reckon that some ...

Treasury Releases Report on Macroeconomic and Foreign Exchange Policies of Major Trading...

Get used to the smell of napalm in the morning.

Russia Russia Russia! The Biden Administration Imposes Tough Sanctions on Russia

Dudes at SolarWinds should maybe think about designing some software to prevent those pesky Russians hacking into whatever takes their fancy. Don't intelligent people have the ability to anticipate some pretty obvious issues?

Russia Russia Russia! The Biden Administration Imposes Tough Sanctions on Russia

We'll have to wait for data on the trade deficit with China to be updated.

US Dollar – Why it Failed to Rally on Strong Retail Sales

"Businesses are hiring, which is good, but are they fulltime?Permanent? Or just employed to meet current demand?" The data from Australia is that it is predominately casual or part time. In fact I think full-time actually decreased, but I'm happy to ...

US Dollar – Why it Failed to Rally on Strong Retail Sales

China would probably be pleased to buy the banks that will cry please bail us out.

Daly: Fed's lender of last resort role creates potential financial risks; low rates causing...

Yes indeed. I'd have explored some issues that were not specifically addressed that I think are quite important, coming from a micro-economics angle. I'm glad that the temporal aspect is touched upon, and this is something that is actually quite ...

MMT and Government Finance: You Can't Always Get What You Want

"MONETARY POLICY IS A BLUNT INSTRUMENT; OTHER INSTRUMENTS ARE NEEDED TO MAINTAIN FINANCIAL STABILITY." Haven't you heard? Comrade Powell has tools in Janet's toolbox. There may be instruments. We await details with glee.

Fed's Daly: Far From Both Inflation And Employment Targets

Perhaps people are all buying boats as the sea levels are rising due to climate change.

Signs Of US Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit Pandemic Low

More sellers than buyers

US retail sales explode in March as consumers use stimulus checks to spend heavily

Have you have ever had a dream that you are falling? If you hit the bottom all will be revealed and you may become a market maker.

US retail sales explode in March as consumers use stimulus checks to spend heavily

Jerome will think of a new word when everybody gets tired of hearing about inflections. Parabolic? Greenspan owns exuberance.

Powell says US economy is at inflection point

"Accumulated" - it is unclear how much he made by trading and how much was actually capital provided by other people. In light of recent trading performance, practices he adopted some years ago, and the non-transparency of exactly what he was doing, ...

This Guy Lost $20 Billion In Two Days And Is Somehow Still Alive

hmm, edited, I commented on the 2020 trillion $ "injection" and exactly when did the Fed outline (I know of only very recent announcements about Powell's tool) but I'm going from memory and that is non-existent today. Anyway. That's a nice chart of ...

Consumer Price Index - March 2021

Technically, I'd like to see individual figures for the last 12 months. Only 7 are provided, and for example the seasonally adjusted All Items since and including September to March is 2.17%. That's 7 months. 12 months is 2.6%. So that leaves 5 ...

Consumer Price Index - March 2021

Go woke, go broke.

The US Fed has started speaking more about climate change, it should take a look at the tools...

Many learned books and academic careers have been devoted to this question over the millennia. Think about first principles. Keep it simple and logical. At the level of a household. Parent/child. Then ask the next question.

Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'

While we are all learning and becoming acquainted with mathematical terms like "inflection", another word I'd watch out for in the future is inertia. Good luck with putting the brakes on if and when some uncomfortable rate of inflation knocks on the ...

Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'

Or in a year? There will clearly be other thought bubbles like this 400 billion "clean energy tax credits" thing that someone probably scribbled on the white board along with a heap of other crazy stuff that didn't make the first cut. I'm not ...

President Biden’s $2.7 Trillion American Jobs Plan: Budgetary and Macroeconomic Effects