Economics

President Trump: Replace The Dollar With Gold As The Global Currency To Make America Great Again

Inside President Trump’s otherwise “standard Trump stump speech” at CPAC was nestled what might be a most intriguing observation:<p>Global cooperation, dealing with other countries, getting along with other countries is good, it’s very important. But there is no such thing as a global anthem, a global …

Opinion

A brief guide to Kevin Hassett, Trump's new chief economist

President Trump will name the American Enterprise Institute’s Kevin Hassett as the chair of his Council of Economic Advisers, according to multiple reports. The CEA chair serves as the White House’s chief economist, and while Trump has demoted the position from the Cabinet-level standing it enjoyed …

Social Justice

Trump tweets wildly misleading comparison of the national debt in his first month to Obama's

On Saturday morning, President Donald Trump took to Twitter to point out a fact he thought the media was underreporting: the decrease in the national debt in his first month.<p>"The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in …

Trump wants to punish China for its currency practices. He should be thanking them.

China isn’t holding down the value of its currency anymore — it’s propping it up.<p>Donald Trump has decided to go at it with China once again: During an interview with Reuters Thursday, the president declared the country the “grand champions” of currency manipulation. It’s a combative stance that’s …

China

5 Reasons Germany Isn't Suffering in the 21st Century

Don't get excited about the low unemployment rate, or high stock prices, Nicholas Eberstadt of the American Enterprise Institute writes in his latest gloomy screed, "Our Miserable 21st Century." Don't believe the ninnies at the New York Times who said that "Mr. Trump will inherit an economy that is …

Germany

Just as neoliberalism is finally on its knees, so too is the left

Progressive parties have overwhelmingly failed to develop alternative policies. Listening to a modern progressive politician is like taking a tepid bath<p>The 10th anniversary of the global financial crisis looms this year, which means it’s almost a decade since neoliberal economics began to fall …

Democracy

'Troubling omens' are stalking the British economy

Britain's economy is being stalked by "troubling omens" and the consumer spending boom that has fuelled recent growth could well be close to an end, according to new research from Oxford Economics.<p>Writing in Oxford's weekly briefing for the UK, economist Martin Beck argues that despite the strong …

Business

Kudlow: Trump's common-sense growth policy has worked before, and will again

Virtually the whole world is beating up on the administration of President Donald Trump for daring to predict that low marginal tax rates, regulatory …

Not Recession, Systemic Rupture - Again

For the very few in the mainstream of economics who venture further back in history than October 1929, they typically still don't go much last April …

Business

An Economist On The 'Miserable 21st Century'

Economist Nicholas Eberstadt of the American Enterprise Institute paints a bleak picture of the U.S. economy. He describes millions of Americans out of work, and addicted to drugs and screens.

The Bank of England fears it may not spot the next crisis. Here’s where to look

Policymaker Gertan Vlieghe shocked MPs with his admission about the limitations of forecasting. But it’s not hard to see where some hotspots are<p>It was like a private confession broadcast to the nation. When Gertjan Vlieghe cast his eyes down at the desk in front of him and said “we are probably not …

Budgeting

Shilling: We're Already In A Trade War With China

<i>By FS Staff</i><p>Gary Shilling, editor of A. Gary Shilling's Insight and author of <i>The Age of Deleveraging,</i> told Financial Sense Newshour that the US has …

Business

An unlikely French election outcome could plunge Europe into crisis

We think there’s only a modest chance that far-right candidate Marine Le Pen will win France’s presidential election. But a Le Pen presidency would rock Europe to its core, so it’s the biggest risk on Europe’s political calendar.<p><b>THE RUN-UP TO MAY 7</b><p>The election has two rounds of voting. The first …

Europe

Figures on government spending and debt

WASHINGTON (AP) — Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.<p>Total public debt subject to limit Feb. 23<p>$19,876,349<p>Statutory debt limit<p>Suspended<p>Total public debt outstanding Feb. 23<p>$19,913,901<p>Operating balance Feb. …

Business

Paul Ryan’s Border Adjustment Tax Mistake

Faced with growing opposition to their border-adjustment tax, congressional Republicans are nonetheless on the offensive trying to sell it. I have …

Taxes

Interest Rate Differentials Increasing Financial Market Leverage To Unsustainable Levels

We discuss the rate differentials between Switzerland, Britain, Europe, Japan and the United States and how this Developed Financial Markets carry …

Business

It’s in the U.S. and Canada’s interests to mutually lift some trade barriers

<i>Michel Kelly-Gagnon and Alexandre Moreau, respectively, are president and policy analyst at the Montreal Economic Institute.</i><p>Although Prime Minister Justin Trudeau’s recent visit to Washington seems to have gone well, it’s clear the threat of a renegotiation of our trade relations with the United …

Canada

Impact Evaluations Are No Substitute for Profit Signals

Those trying to alleviate poverty with targeted aid face an impossible task of choosing between countless ways to use their resources, and they can't …

Education

Politics doesn't affect the economy as much as we fear it does

How much do politics really matter for financial markets? That might seem an odd question, for a number of reasons.<p>We have just had an extraordinary …

Marine Le Pen

Why is Government Subsidizing Junk Food?

The lofty goals of federal programs often differ from the actual results. It turns out that about $15 billion of food stamp benefits are spent on …

Eating

Merkel Opens Attack on Election Challenger Over Economic Policy - Bloomberg

German Chancellor Angela Merkel publicly took aim at her main election challenger’s campaign proposals, suggesting for the first time that they would …

Germany

Macron Is Only Top French Candidate to Stick to EU Deficit Goals - Bloomberg

Emmanuel Macron is the only one of the top three presidential candidates who plans on keeping France’s budget deficit below the 3 percent bar set by …

Business

Always Shrinking

I have no idea if Sir John Bond, former head of HSBC (NYSE:HSBC), is or was superstitious, but if he wasn't maybe it would have helped the bank if …

Banking

Emerging Market Valuations Call For Pause

EM debt prices have made a round trip.<p>The biggest trigger of the rally was a sobering reassessment of the likelihood and timing of U.S. stimulus …

Business

All shaked up: Israel’s justice minister imposes four new Supreme Court justices

All shaked upIsrael’s justice minister imposes four new Supreme Court justices<p>A more conservative court will be the result<p>Middle East and Africa<p>Feb …

Israel

Welcome To The VUCA World

Much has been said recently about the collapse of 'risk gauges' in the financial markets, especially on foot of the historically low readings for the …

Financial Markets

Emerging Markets Bonds Boosted By Pause In Reflation Trade

<b>Positive Macro Economic News</b><p>January was marked by a fairly consistent stream of positive macro indicators that provided support to the global …

Commodities

Week Ahead: Dollar Mixed As Trump Pro-Growth Policies Remain Vague

<b>Trump to Speak Before Congress on Feb. 28</b><p>The U.S. dollar is mixed against majors as the Federal Open Market Committee (FOMC) minutes pointed to an …

Business

Could We Be About To See China Implode Economically?

China's reserves are dwindling.<p>Massive borrowing has led to 400% debt/GDP ratio.<p>CNY is devaluing sharply.<p>I have always had China in the back of my …

Business

The Kremlin and Russia’s regional governments are at odds. That’s a problem for Putin.

Whether the Trump administration will or won’t soften U.S. sanctions against Russia has been in the news — a lot. There’s been far less analysis of what’s actually going on in Russia, however.<p>A closer look suggests the Kremlin faces serious domestic problems — far beyond the scope of U.S. policy. …

Russia