Money Supply

South Africa's composite business indicator up 1.1 percent in June

JOHANNESBURG (Reuters) - The South African Reserve Bank’s composite leading business cycle indicator rose 1.1 percent month-on-month in June, helped by improvements in the number of residential building plans and job advertisements, data showed on Tuesday.<p>A man walks past an Isuzu, Opel dealership …

South Africa

Fractional Reserve Banking and "Austrian" Business Cycles, Part I

Several times on these pages (e.g., here and here), and elsewhere (e.g., here and here) I’ve tried to refute the claim, championed by certain …

Central Banks

Turkey Could Create A Larger Crisis Than Greece

<i>By Daniel Lacalle</i><p>The Turkish lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.<p>First and foremost, the lira …

Business

China’s July social financing below forecast, M2 growth rate 8.5%: PBC

While China's July financial statistics showed the real economy is being supported by increased money supply, monetary policy cannot be the ultimate …

News (China)

“It is appropriate this time to appeal to the National Assembly to collaborate with President Buhari to ensure that we can deliver on all of these things. There are urgent matters that need to be attended to including shortfall in money supply for execution of the 2018 budget,” he stated.

The Presidency yesterday urged the National Assembly to dwell more on issues of national interest rather that engage in the subterfuge and drama …

Elections

Introducing Bitcoin Cash Charts – a Graphical Constellation of BCH Data

<b>Since we launched Bitcoin.com back in 2015 all of us have been extremely busy building our website to be the number one go-to source for all things</b> …

Bitcoin Cash

China's new yuan loans rise in July

China's new yuan-denominated loans stood at 1.45 trillion yuan (211 billion U.S. dollars) in July, up 627.8 billion yuan year on year, central bank …

News (China)

China July new loans stronger than expected; money supply picks up

BEIJING (Reuters) - China's new yuan loans exceeded expectations in July while growth of broad money supply rebounded to a five-month high, as the central bank sought to step up policy support for the economy amid a growing trade battle with the United States.<p>Chinese banks extended 1.45 trillion …

Loans

A Turkish Italian Domino, If Not Now, Then By December

I bet the top European Union bureaucrats are counting their lucky stars that the European Parliament suspended talks with Turkey on EU membership …

Business

Good News: U.S. Government Posts A $77 Billion Deficit For July 2018

The US budget deficit widened sharply to USD 77.0 billion in July 2018 from USD 42.9 billion in the same month of the previous year, slightly below …

Economy

The Low Down on Big Tech’s Troubles

Mainstream big technology companies’ market value has exploded in 2018. At first glance, the rise seems understandable. The technologies developed …

Conservative View

Bove: Jamie Dimon 'knows what he is talking about' when it comes to danger warnings

In the past ten days Jamie Dimon, JP Morgan Chase's CEO has highlighted two concerns. First, he is suggesting that the shrinking of the Federal …

Markets

As Venezuela Dollarizes, Monetarism's Conceit Collapses

Though history books have reduced Germany’s post-WWI currency crack-up to visions of wheelbarrows full of marks being brought to the marketplace to …

Economics

Austrian Definitions of the Supply of Money

<i>[From</i> New Directions in Austrian Economics, e<i>dited with introduction by Louis M. Spadaro (Kansas City: Sheed Andrews and McMeel [1978], pp. 143–56)</i> …

Austrian Economics

August 2018 Bank Of England Rate Rise: Impact On Inflation, Markets And Recession Risk

This article provides a fundamental impact assessment of the decision by the Bank of England to raise the bench interest rate from 0.5% 0.75% at its …

Business

China's July new loans seen easing; policymakers wary of trade tensions: Reuters poll

© Reuters. FILE PHOTO: Illustration photo of a China yuan note<p>BEIJING (Reuters) - China's new loans are forecast to have eased in July, though they …

Economics

New York Stock Exchange owner is launching a bitcoin exchange

The Intercontinental Exchange, the operator behind the New York Stock Exchange, has announced that it is creating a new company called Bakkt that will hold and manage people’s cryptocurrency. The platform will be powered by Microsoft cloud tech and plans to begin with trading and converting bitcoin …

Cryptocurrency

New York Stock Exchange operator gets into cryptocurrency

Intercontinental Exchange, which owns the New York Stock Exchange, is opening a new cryptocurrency management company, according to the Verge.<p><b>Why it</b> …

Cryptocurrency

Money Supply Growth Inched Upward in June

Money supply growth inched upward again in June this year, but remains well below the growth rates experienced from 2009 to 2016. Overall, June's …

Money

Bitcoin Needs to Hit $213,000 to Replace Money Supply, UBS Says

Bitcoin evangelists preach that the virtual currency will one day supplant the dollar.<p>UBS says they may have to wait a while since it can’t be …

Cryptocurrency

Bitcoin Must Reach This Level To Replace U.S. Money Supply, Says UBS

Crypto bulls will need to be very patient if they ever want to see bitcoin replace the U.S. money supply, such as paper currency, cheques, and coins, …

Cryptocurrency

UBS: Bitcoin Needs to Hit $213,000 to Replace Money Supply

Bitcoin evangelists preach that the virtual currency will one day supplant the dollar.<p>UBS says they may have to wait a while since it can’t be …

Cryptocurrency

UBS: Bitcoin Must Hit $213,000 to Replace US Money Supply

A recent report by UBS has found that the Bitcoin price must reach nearly $213,000 to replace U.S. money supply.Zurich-based investment bank and …

Cryptocurrency

UBS: Bitcoin is 'too unstable and limited' to be money or a new asset class — and 70% of the price action is driven by speculators

LONDON — Bitcoin is neither a new type of money or nor a new asset class, according to UBS.<p>Joni Teves, a global macro strategist at the Swiss bank, said in a note to clients this week that the world's biggest digital currency is "currently too unstable and limited to become a viable means of …

Cryptocurrency

China Says Regulators Will Work to Unclog Monetary Transmission

China said it will pay more attention to “unclogging” the transmission mechanism of monetary policy in order to support the real economy.<p>The nation …

China

‘Lack Of Stability’ Among Factors Preventing Global Bitcoin Breakout, Says UBS Strategist

Swiss-based investment bank and financial services company the Union Bank of Switzerland (UBS) said that Bitcoin’s (BTC) scalability and volatility …

Cryptocurrency

Opinion: Shadow Banking – It’s Not All Bad

<i>* Shadow banking in China can be interpreted as the market’s attempt to breach the wall of financial repression</i><p><i>* The deleveraging campaign has had a</i> …

News (China)

Long Leading Forecast Through H1 2019: Slowdown Likely, But No Recession

Introduction: what are the long leading indicators?<p>I have several systems for forecasting the economy. One is the high-frequency "weekly indicators," …

Business

ZINGISA NOGCAZI, DERIVATIVES TRADER AT LEHUMO INVESTMENTS - RESERVE BANK M3 MONEY SUPPLY IMPROVING

Money

August's Gold Market Looks 'Ready For The Up Cycle' - Sprott Money

As August doldrums are rolling in, the gold market might surprise investors on the upside, according to Eric Sprott, billionaire precious metals …

Interest Rates