Submitted by Wall Street Examiner's Lee Adler via Contra Corner blog,
Comparing the growth in the number of full time jobs versus the growth in new home sales starkly illustrates both the horrible quality of the new jobs, and how badly ZIRP has served the US economy.
Submitted by Dan Popescu via Acting-Man.com,
The Inflation Illusion
We hear more and more talk about the possibility of imposing negative interest rates in the US. In a recent article former Fed chairman Ben Bernanke asks what tools the Fed has left to support the economy and inter alia discusses the use of negative rates.
Submitted by David Stockman via Contra Corner blog,
The Fed has been sitting on the funds rate like some monetary mother hen since December 2008. Once it punts again at the June meeting owing to Brexit worries it will have effectively pegged money market rates at the zero bound for 90 straight months.
By the SRSrocco Report
The U.S. and world economies are in serious trouble. Unfortunately, the majority of analysts continue to put out increasingly worthless forecasts as they fail to understand the true nature of the problem... or rather, the predicament we are facing.
We must remember, problems have solutions while a predicament may be too difficult to solve. According to the Cambridge definition of Predicament:
According to CNN, yet another close encounter took place between the U.S. and Russia yesterday, as a Russian SU-27 allegedly conducted a barrel roll over top of a U.S. Air Force RC-135 reconnaissance plane flying over the Baltic sea. The incident was in international airspace according to the Defense Department.