Leland Miller: Beijing Is Acknowledging Long-Term Growth Slowdown
“The Chinese now have an external excuse for why things are slowing”
Map: The Tallest Buildings in History
From the Tower of Jericho to the Burj Khalifa
Judy Shelton: A Stable Dollar Wouldn’t Lose Value at All
“It’s a very interesting intellectual challenge to discuss what is the right rate of inflation. I guess I prefer zero.”
Jim Grant: The Fed Has Done over $3 Trillion of Repos in Just Two Months
‘We have swapped price discovery for administered prices and interest rates’
Mark Mobius: Multilateral Trade Deals Are Over, India Will Be Winner from US-China Trade War
“International trade is not going to stop, but it’s going to be at a different level”
In Brief: Where Do State Tax Revenues Come from?
Despite how ubiquitous state income taxes have become, they are actually a relatively new phenomenon
Wolf Richter: The ‘Wealth Effect’ Is Driving the Wealth Divide
“The Fed’s interest rate repression has destroyed returns on bank savings products”
In Brief: Where Cash Is Still King
Cash usage is the highest in the countries with the most repressive negative interest rates
October Saw the Largest Increase in the Fed’s Balance Sheet Since the Financial Crisis
The only two months in the history of the Federal Reserve that have seen a larger increase of its balance sheet were September and October of 2008
In Brief: The Biggest Mining Countries in the World
Every continent has seen growth in mining production since 2000, except Europe