Business

One week ago, Deutsche Bank's Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: "It is becoming increasingly clear to us that the level of yields at which credit expansion in Europe and Japan will pick up in earnest is probably negative, and substantially so. Therefore, the ECB and BoJ should move more strongly toward penalizing savings via negative retail deposit rates or perhaps wealth taxes."

Via Dana Lyons' Tumblr,

A key global equity index is testing its significant breakout level from last month.

Academic Freedom RIP

There is no longer academic freedom in America or anywhere in the West. You have to toe the propaganda line, tell the lies, or you are out.

Today the only reason to go to a university is to be brainwashed, or if you are able to get in
Harvard, Princeton, Yale or Stanford, to join an insider network that will advance your career as
long as you serve the elite.

http://www.globalresearch.ca/american-academic-freedom-in-jeopardy/5523940

The post Academic Freedom RIP appeared first on PaulCraigRoberts.org.

Something happened this week that has never happened before. While outflows from equity ETFs soared, the $3.6 billion redemptions from high yield bond ETF HYG this last few days is the largest ever - almost twice as big as the previous largest outflows (seen in May last year).

The last week saw the biggest outflows from the high-yield bond ETF (HYG) ever...

Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,

A Week to Remember

Today we look back to the recent past with singleness of purpose.  Context and edification for the present economy is what we’re after.  We have questions…