So much for the patriarchy.  At the top of the helm in President Biden’s economic cabinet are numerous women. For example, Treasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and trade czar Katherine Tai all collectively help run the economy. Many of President Biden’s economic advisors are also women, Reuters noted this week. The effects of […]

Authored by Samantha Chang via The Western Journal, The co-founder of the polarizing Black Lives Matter movement is under fire for buying a $1.4 million home in a posh California neighborhood that’s 88 percent white. It’s an interesting decision for Patrisse Cullors, a self-professed Marxist and race-baiting activist who has paid lip service to promoting black pride. According […]

Very few, if any, financial outlets have been more outspoken over the last decade about the harm that governments can do micromanaging (and in this case, shutting down) economies than we have been.  Which is why we weren’t surprised to see a brand new report noting that due to the pandemic (and the ensuing global […]

Authored by Zachary Stieber via The Epoch Times, The Supreme Court late Friday ruled against California, blocking the restrictions ban on in-home Bible studies and other religious gatherings. The court’s narrow 5–4 ruling was in favor of a group of Santa Clara residents who asserted the restrictions violated the First and Fourteenth Amendments of the U.S. Constitution. “Applicants are likely […]

How do you know that cryptocurrencies are disrupting (translation – “scaring”) the status quo and offering ‘we, the global people’ an alternative to establishment fiat control? Simple – when the global central planning elites continue to jawbone how terrible, awful, dangerous (etc…) cryptocurrencies are and will be. On the heels of US Fed’s Powell “it’s […]

Authored by Lance Roberts via RealInvestmentAdvice.com, More debt equals less growth. In October, I discussed the “2nd Derivative Effect” and the ongoing cost of the stimulus. With the passage of the $1.9 trillion “American Rescue Plan,” will the math of debt to growth change? Now, even Deutsche Bank credit strategist, Stuart Sparks, got the memo. “History teaches us that […]

Chinese anti-trust regulators have just slapped Alibaba with a record RMB18.2 billion ($2.8 billion) fine after concluding that the Chinese e-commerce giant had abused its market dominance for the sake of profit at the expense of Chinese society. The FT reported that China’s State Administration of Market Regulation announced the penalty on Saturday. It was […]

From Nicholas Colas of DataTrek Research Today we offer up a list of 5 negative scenarios for US/global equities. In no particular order: 1) markedly higher interest rates, 2) below-expectation US consumer spending, 3) heightened geopolitical risks once militaries/non-state actors are vaccinated, 4) US Big Tech regulation and 5) a raft of better investment opportunities […]

There has been a clear shift in market mood and sentiment ever since the COVID pandemic: whereas the Fed smashed mortgage rates to record lows, and the federal government delayed the foreclosure wave via forbearances. On top of this, socio-economic chaos in major metro areas resulted in an urban exodus like never before.  This has […]

by Calculated Risk on 4/10/2021 09:43:00 AM Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year. From the GAMLS for Atlanta: Total Residential Units Sold in March 2021 were 9,021, up 14.6% from 7,874 in March 2020. Active Residential Listings in March 2021 […]

This week, we speak with John E. Schlifske CEO of Northwestern Mutual. The 160-year old firm underwrites over $2 trillion in life insurance, and has about $300 billion in client assets; they are ranked #102 on the Fortune 500. Schlifske joined Northwestern Mutual in 1987 as an investment specialist, and climbed through the ranks, becoming CEO […]

Authored by Paul Joseph Watson via Summit News, Iconic author Frederick Forsyth has accused the UK government of waging a “campaign of mass fear” against the British public by using psychological methods to ensure compliance with lockdown that resemble those used against East Berliners in the 1960’s. Forsyth was responding to an article published in the Telegraph […]

by Calculated Risk on 4/10/2021 08:11:00 AM The key reports this week are March housing starts, CPI and retail sales. For manufacturing, the March Industrial Production report and the April NY and Philly Fed manufacturing surveys will be released this week. —– Monday, Apr 12th —– No major economic releases scheduled. —– Tuesday, Apr 13th […]

Here is John Cochrane, Megan McArdle, Ryan Bourne and myself on the pandemic. Lots of good material. John Cochrane was excellent on testing in a pandemic and why it’s different than medical testing, starting around 22:00. My follow-up also had some good material, our antibodies, our selves. Ryan Bourne’s book Economics in One Virus is […]

Insatiable Shipping Companies Set the Table for the Suez Canal Ship Debacle Labor Notes Crude Greeks decide it’s time to go very large Lloyd’s List Credit Suisse Scandal Toll Goes Ever Higher as Rivals Thrive Bloomberg ‘This crisis is different’: the dramatic rebound in the global economy FT Stabilising the economic outlook Philip R. Lane, […]

Yves here. I hope readers will take Michael Hudson’s query to heart. His work has demonstrated how the financial sector tends to gain power and increase inequality if unchecked via debt jubilees or other methods to keep it from acting as a rentier and creating debt peonage. He wonders what would be the most fitting […]