El-Erian: ECB Policy Is Now Harmful to Economy
“Already in the case of the ECB, in my opinion, they are not just ineffective, they are harmful to the economy”
Nassim Taleb on Having Skin in the Game
What it takes to create a financial system that is more resilient to shocks and ‘black swan’ events
In Brief: Where People’s Views on the Economy Have Soured Around the World
The largest increase in negative sentiment occurred in India where 79% of executives now feel that economic conditions have worsened
An Awful Lot of Straw on This Camel’s Back
The torrent of bad news must stop
In Brief: Where the Density of Super-Rich Individuals Is Highest
One has to wonder how many of Hong Kong’s super-rich are now looking for a new place to call home
Kyle Bass: China Will Have Trillions of Dollars of Defaults in Next Recession
“Imagine if we lent $10 trillion into the (US) economy in one year”
Christopher Balding: The Chinese Mirage
“What that requires is almost going the DPRK model (North Korea) of financial repression and I think, more and more, that is what you are seeing”
The Fed Can’t Be Counter-Cyclical and Preemptive at the Same Time
Preemptive stimulus is a recipe for extending and exaggerating expansions at the expense of more destructive and longer, albeit less frequent recessions
The Fed Is Cutting When Core CPI Inflation Is at the Highest Level in 11 Years, over 2%
Cutting interest rates with inflation near 2% and rising because the economy may weaken in the future is not counter-cyclical, it’s pro-cyclical
Chris Whalen: Fed Must Get Serious About Defending the Target Range
“They’re at least a year late”