Map: Europe in 1444
Just prior to the crushing Ottoman victory at Varna
El-Erian: Inflation Always Looks Transitory at the Beginning
Gosplanesque logic
Retail Sales: Brace for Landing
Will this just be the next excuse for more stimulus?
30 Years Later and It’s Still Ground Hog Day for Treasury Yields
The more things change…
S&P 500 Price to Sales Hits New Record, Double the Average Since 1990
Up 38% over the five year average
China Composite PMI Barely Showing Growth
Trouble brewing
Leland Miller: Record Credit Squeeze in China
“It’s hard for people to understand the degree to which China is really squeezing the credit spigot right now”
US Working Age Population Is Plummeting
Economic doom in a chart
Judy Shelton: Stable Prices Equating to Stable Inflation Is an Oxymoron
There is not one hawk on the Fed’s FOMC
A 150 Year View of the National Debt
The CBO has consistently underestimated the pace of growth in the national debt over the decades.