Leland Miller: China Growth Positive But ‘Credit Soak’ Can Only Continue with ‘Dramatic’ Interest Rate Cuts
“Every rally in China is credit soaked. This one is particularly so”
Peter Boockvar: Perpetual Easing Is No Longer Accommodative
“30 years of low interest rates in Japan is no longer accommodative. It’s actually restrictive”
Briefly Comparing the Last Ten Economic Expansions
Whether looking at GDP growth, corporate profits, or even the S&P 500, the current expansion has been among the weakest in post-war history
Image: The Real Supermassive Black Hole
Via the great cartoonist Michael P. Rameriz
Paul Hodges: Chemical Industry Showing Global Slowdown Hasn’t Abated
“You will have deflation across the western world”
The Ten Most Populous US Cities Every Decade Since 1790
By the time of the first official US census in 1790, New York City had become the largest city in the country with a population of just 33,131 people
China Passenger Car Sales Still Falling
Sales from manufacturers to dealers have been down for three months in a row and eight months year-on-year
Jim Grant: Fed’s Low Interest Rates Are Causing Low Inflation
“It was the very interest rates that the Fed imposed that helped to bring on this so called problem”
Brexit Delayed to October: Realistically Speaking, Article 50 Has Been Revoked
The conservative party is committing total political suicide
El-Erian: It’s All About Europe’s Slowdown
“I really worry about Europe and I’ll stress again, the market should pay greater attention to the weakness in Europe”