The monthly Personal Income and Outlays report will be released at 8:30 AM EDT. The consensus for Personal Income is an increase of 0.1% over the previous month, which is the same rate of increase as January. The consensus for Consumer Spending is a 0.3% increase since January, and the consensus Core PCE price . . . → Read More: Economic Events on March 29, 2010
I should immediately reassure my readers that I am not going to re-account or even continue Macro Man’s story of 2007 in which Sherlock Holmes was looking for a vanishing bid in risky assets. Also, I am not sure that we are actually looking at a bid which will vanish but one which will . . . → Read More: The Case of the Disappearing Bid?
If you want to know what kind of monetary morons we have in charge of the Federal Reserve, then you have come to the right place, because a record of sorts was set last week, in that the loathsome, disastrous Federal Reserve bought up – in the last 12 short months – $1.011 trillion . . . → Read More: Never Say Never to Monetization
The present economic crisis has it’s roots in the modern fractional reserve banking system, as do most economic crises experienced in advanced societies. . . . → Read More: The End Of Fractional Reserve Banking?