In another quiet overnight session, the biggest - and unexpected - macro news was the surprise monetary easing by Singapore which as previously reported moved to a 2008 crisis policy response when it adopted a "zero currency appreciation" stance as a result of its trade-based economy grinding to a halt.
If Gold Is Dead Money, What Does That Make Fiat?
Written by Nathan McDonald (CLICK FOR ORIGINAL)
NIRP (Negative Interest Rate Policy) is an often shocking term, and has been the woe of many in retirement. It is a plague that European policy makers have unleashed on many of their citizens, and it very well could be coming to North America before you know it.
Submitted by John Rubino via DollarCollapse.com,
After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary boom. Just kidding. Exactly the opposite is happening:
Japan households’ inflation expectations hit three-year low – BOJ
On this day, 273 year ago, one of America's most visionary founding fathers - Thomas Jefferson - was born. To celebrate his birthday, we are sharing a small sample of some of his most prophetic quotes which are perhaps more relevant today than they have ever been in the history of the United States.
On liberty - Thomas Jefferson letter to Isaac Tiffany, April 4, 1819
Remember, the stock market is not the economy... Collaping retail sales, soaring inventory-to-sales ratiosm and entirely fictitious China trade data...
Can mean only one thing...