Just yesterday morning, we said that with the Euro rising as much as it has in recent months (or is that the dollar tumbling), the ECB's next move could - or should - be to talk down the common currency, instead of carrying the hawkish "bias" Draghi has pushed for the past half year, culminating with the Sintra mini tantrum in which the poor central banker was "misunderstood" by markets.
Authored by Jonathan Rochford via NarrowRoadCapital.com,
There’s been a steady stream of recent articles claiming that austerity is dead. The “magic” of false measurements, animal spirits and money printing are used to convince the gullible that there is an easy way out.
This one from James McCormack at Fitch argues that populist politicians are responsible for killing off pragmatic economic policy.
Authored by Adam Taggart via PeakProsperity.com,
We're living through the most extraordinary period of monetary manipulation in all of human history. It’s as widespread as it is delusional.
After failing miserably if their efforts to repeal and replace Obamacare, Republicans are set to shift their legislative agenda to focus on tax reform when they get back from their generous month-long August recess (taxpayers are such great employers). Among other things, proposed changes to the personal tax code would include eliminating nearly all tax write-offs, including those for state and local taxes, and instead doubling the standard deduction.
Authored by Simon Black via SovereignMan.com,
About a month ago I joined the Board of Directors of a publicly-traded company that invests in US real estate. The position brings a lot of insight into what’s happening in the US housing market. And from what I’m seeing, the transformation that’s taking place today is extraordinary.
Buying and renting out single-family homes has long been the mainstay investment of small, independent, individual investors.