Image: Lower Manhattan in 1922
The first aerial photo ever taken of Lower Manhattan
The Window Is Closing: New China Tariffs Will Nudge Inflation Closer to 2%
A 0.14%-of-GDP inflation push that is piggybacking on a Fed rate cut is nothing to scoff at when persistently low inflation is the entire rational for historically high financial asset price valuations
Maps: The World’s Infrastructure
The world’s major railroads, roads, ports, airports, and cities
Why the Fed Should Not Cut Interest Rates Before the Next Recession Starts
If you are 65 or older, you have lived through no less than ten formal recessions. Most were entirely forgettable affairs
Rick Santelli: If Other Countries Are Manipulating Their Currencies, It Isn’t Working
“I think we should stop complaining about other countries’ economies and just hope they keep doing what they’re doing and have the capital flow here”
Inflation in the 1960s Was Lower than It Is Today. Then It Went Parabolic
Central banks have become obsessed with stimulating the one thing that would most efficiently destroy the entire global financial system
Sean Corrigan: 2% Inflation Target Is a Made-Up Number
The mandate is either shamanism… or is disingenuous
Image: Every Visible Star in the Sky
Every visible star that could been seen with the naked eye on Near Year’s Day in 2000
Shawn Matthews: Debt Markets Offering ‘Undue Risk’
“So we’ll lower interest rates, but all we are doing is continue to have financial assets higher which is bifurcating the world”
In Brief: Switzerland’s Entire Sovereign Yield Curve Is Now Negative
Yet another eerie sign of just how extreme this moment in financial history is