Submitted by Brandon Smith via Alt-Market.com,
Most people are not avid followers of economic news, and I don’t blame them. Financial analysis is for the most part boring and tedious and you would have to be some kind of crazy to commit a large slice of your life to it.
Submitted by Nick Giambruno via InterntionalMan.com,
If you’ve never heard of the Foreign Account Tax Compliance Act (FATCA), you’re not alone.
Few people have, and even fewer fully grasp the terrible things it foreshadows.
FATCA is a U.S. law that forces every financial institution in the world to give the IRS information about its American clients. Complying with it is a huge financial and administrative burden, measured in hundreds of billions of dollars. It’s a paper shuffler’s dream come true.
Submitted by Tony Sagami via MauldinEconomics.com,
How long will interest rates stay low?
I expect the Fed to keep rates very low for a long, long time. After it raised rates in December, the Fed made it clear that future hikes will be gradual and data dependent. Apparently, the central bank hasn't changed its position:
Authored by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com's Pater Tenebrarum),
“Prepping” for Recession
Stocks are going up all over the world. Meanwhile, it appears to us that the U.S. economy is going down. Go figure.
For instance, a labor-market index created by Fed economists… and closely watched by Fed chief Janet Yellen… has fallen for three straight months. It’s the first time that’s happened since 2009.
The Fed's troubling, recurring and perhaps criminal data "leakage" problem has been thoroughly documented over the past years: from Tim Geithner telling bank CEOs what the Fed will do will in advance of it becoming before, to early leaks of Fed Minutes, to breached embargoes, to the release of material non-public information to consultants such as Medley (which the FBI has been supposedly probing for the past year, and which cost Pedra da Costa his WSJ job), to the Fed's cozy relationship with the WSJ's Hilsenrath over the years, by now everyone knows that when it comes to giving advance lo