Business

"Why is the Fed so desperate to raise rates and tighten financial conditions? Why has the Fed shifted from a dovish to a hawkish bias?"

Authored by Daniel J Mitchell via The Foundation for Economic Education,

Keynesian economics is fundamentally misguided because it focuses on how to encourage more spending when the real goal should be to figure out policies that result in more income.

Just Who Owns Ledger X?

originally posted on marketslant

All your transactions belong to us. Create, approve, outlaw outsiders. Do it under the guise of the investor's protection. CFTC doing the work of the people. The CEO is Paul Chou. Let's start there

LedgerX Paul Chou Career Timeline:

Goldman Sachs > LedgerX > Advisor to CFTC on Blockchain > LedgerX  Approved by CFTC

As Zerohedge caught on Saturday:

Shortly after Deutsche became the latest bank to warn that "markets seem to have entered frothy territory", going so far as to utter the dreaded "bubble" word, and suggesting that this time it will be different as "unlike 2016, the Fed does not appear to have enough patience anymore to postpone the rate hikes" and adding that "unfortunately, the Fed's resolution to raise rates this time seems to be firmer than in 2015 because of their assessment that US economy has almost reached full employment", one of the market's biggest bears actually scratch that, the market's biggest

Dispensing his usual dose of optimistic crude oil buzzkill, Bloomberg energy strategist Julian Lee points out something troubling to both OPEC, and those who are hoping that the latest dip in oil will finally lead to a sharp rally. He writes that while at first glance, this year’s diminishing U.S. oil stockpiles appear to support the notion OPEC is finally getting the global crude glut under control. Surging exports mean that the market should treat that idea with caution.