Business

Authored by Frank Shostak via The Mises Institute,

Some economists such as a Nobel Laureate Paul Krugman are of the view that if the US were to fall into a liquidity trap the US central bank should aggressively pump money and aggressively lower interest rates in order to lift the rate of inflation. This Krugman holds will pull the economy from the liquidity trap and will set the platform for an economic prosperity. In his New York Times article of January 11, 2012, he wrote,

Trump’s Big Decision: Why Not Danielle DiMartino Booth For A Fed Post?

Written by Peter Diekmeyer, Sprott Money News

Lead photo by Rose Baca of the Dallas Morning News.

US President Donald Trump’s decision about who will replace Janet Yellen when her Federal Reserve chairmanship expires in February will be the biggest of his Presidency.

Content originally published at iBankCoin.com

Most of you see WTI down 3% today and think Harvey didn't affect the oil trade -- but you're wrong. 321 crack spreads are blowing out because of damage to the refinery sector.

Gasoline is higher by 3% today -- causing 321 cracks to blow out to its largest spread in two years. This is pure profit for refineries.

Here are the refinery stocks on the move. DK has been the best performer over the past week.

Via Snake Hole Lounge blog,

The US Statutory Debt Limit, a failed tool to halt the endless growth of Federal debt issuance, is once again in play at nearly $20 trillion. It was only at $6 trillion in 2002.

The problem, of course, is runaway Fed spending which is currently at around twice that of Federal current tax receipts, requiring that the deficit be funded by issuing Federal debt (or raising taxes and/or cutting Federal spending).

Via Global Macro Monitor,

We have posted several pieces over this year noting the high correlation of gold and 10-year bond futures. See here, here and here.