One month ago, we presented a stunning fact from Credit Suisse: barely a quarter into 2017, [annualized] year-to-date retail store closings have already surpassed those of 2008.
There was some good news and some not so good news in the Fed's latest annual Report on the Economic Well-Being of U.S. Households.
First the good news.
Bitcoin is now up over 100% in 2017, amid global political uncertainty and increased interest in Asia, suddenly spiking above $2000 this afternoon for the first time ever...
Authored by Charles Hugh-Smith via PeakProsperity.com,
Every now and again, it’s good to take stock of the Great Global Reflation that has been marching higher (with a few stumbles and scares) since early 2009, over eight years ago.
Is this Great Reflation running out of steam, or is it poised for yet another leg higher? Which is more likely?
Keynesianism Vs The Real World
Let’s start by reviewing the systemic contexts of the economy.
By Danielle DiMartino Booth
Amid the carnage in the auto sector, economists have sought solace in the comforts of home, sweet home. A recent Census release suggests that Millennials, long sidelined, have finally started to tiptoe into the home-buying market. The reception to the data was so effusive that other reports, suggesting housing has reached a much different sort of turning point, were lost in the fray.