Fed Officials Reassess U.S. Outlook Amid Global Weakness … Federal Reserve officials are starting to reassess their outlook for the economy as global weakness and disappointing data on American consumer spending test their resolve to raise interest rates this year. San Francisco Fed President John Williams last week said he will trim his U.S. estimate because of slower growth abroad. Atlanta...Read More
Is marijuana really as dangerous as heroin and LSD? Finally, a welcome legal review … A federal judge has done what Congress and the Obama administration have failed to do — open a discussion on whether marijuana should continue to be listed as a Schedule 1 drug, a classification that is supposed to be used only for the most dangerous, addictive drugs, such as heroin and LSD. It should...Read More
Fed Officials Reassess U.S. Outlook Amid Global Weakness … Federal Reserve officials are starting to reassess their outlook for the economy as global weakness and disappointing data on American consumer spending test their resolve to raise interest rates this year. San Francisco Fed President John Williams last week said he will trim his U.S. estimate because of slower growth abroad. Atlanta...Read More
Is marijuana really as dangerous as heroin and LSD? Finally, a welcome legal review … A federal judge has done what Congress and the Obama administration have failed to do — open a discussion on whether marijuana should continue to be listed as a Schedule 1 drug, a classification that is supposed to be used only for the most dangerous, addictive drugs, such as heroin and LSD. It should...Read More
Central bank prophet fears QE warfare pushing world financial system out of control … Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties … The warnings come just as the European Central Bank prepares a blitz of bond purchases at a crucial meeting on Thursday. – UK TelegraphDominant Social Theme: Let's roll...Read More
The Fix is In: Why Gold Price Manipulation is Now a Global Effort … A lot of people think about gold as a percentage of total reserves. So countries have reserves. What percentage of your reserves consist of gold? For example, a lot of people are surprised to learn that the United States has 70 percent of its reserves in gold. China has about 1 percent of its reserves in gold. So people look...Read More
Central bank prophet fears QE warfare pushing world financial system out of control … Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties … The warnings come just as the European Central Bank prepares a blitz of bond purchases at a crucial meeting on Thursday. – UK TelegraphDominant Social Theme: Let's roll...Read More
The Fix is In: Why Gold Price Manipulation is Now a Global Effort … A lot of people think about gold as a percentage of total reserves. So countries have reserves. What percentage of your reserves consist of gold? For example, a lot of people are surprised to learn that the United States has 70 percent of its reserves in gold. China has about 1 percent of its reserves in gold. So people look...Read More
Middle class decline looms over final years of Obama presidency … Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue. – ReutersDominant Social Theme: Barack must try harder.Free-Market Analysis: The West's economic system, we know now, regularly strips peopl...Read More
With the world growing increasingly warmer, experts have estimated that we are actually due to gain a great deal of farmland, even if the crop yield that that land could see may actually decrease. However, finding this land so that it can quickly be put to use remains a challenge. Now, two new global maps may provide some help in the search for fresh farmland. – Nature World NewsDominant Soc...Read More
Middle class decline looms over final years of Obama presidency … Barack Obama enters the final two years of his presidency with a blemish on his legacy that looks impossible to erase: the decline of the middle class he has promised to rescue. – ReutersDominant Social Theme: Barack must try harder.Free-Market Analysis: The West's economic system, we know now, regularly strips peopl...Read More
With the world growing increasingly warmer, experts have estimated that we are actually due to gain a great deal of farmland, even if the crop yield that that land could see may actually decrease. However, finding this land so that it can quickly be put to use remains a challenge. Now, two new global maps may provide some help in the search for fresh farmland. – Nature World NewsDominant Soc...Read More
European Economy … No More Excuses for Draghi … For months, European Central Bank President Mario Draghi has hinted that he's ready to announce a full-blown program of quantitative easing. [Now] the EU Court of Justice's advocate general cleared away a possible legal obstacle. With prices in the euro area now falling, any further delay would be inexcusable. The euro zone has go...Read More
Big business will undoubtedly be the subject of much soul-searching at Davos 2015 … Loss of public trust in established forms of business has got a great deal worse since the onset of the financial crisis. Is there a solution? – UK TelegraphDominant Social Theme: Take care of the customer to regain trust in business.Free-Market Analysis: This article features a mainstream newspaper rep...Read More
European Economy … No More Excuses for Draghi … For months, European Central Bank President Mario Draghi has hinted that he's ready to announce a full-blown program of quantitative easing. [Now] the EU Court of Justice's advocate general cleared away a possible legal obstacle. With prices in the euro area now falling, any further delay would be inexcusable. The euro zone has go...Read More
Big business will undoubtedly be the subject of much soul-searching at Davos 2015 … Loss of public trust in established forms of business has got a great deal worse since the onset of the financial crisis. Is there a solution? – UK TelegraphDominant Social Theme: Take care of the customer to regain trust in business.Free-Market Analysis: This article features a mainstream newspaper rep...Read More
World deflationary forces have swept away Switzerland's defences … A month ago the Swiss authorities were still claiming that their currency floor was crucial to prevent a deflation trap. They were right … The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder. – UK...Read More
Colombia is 8th best country for retiring: Forbes … US economy magazine Forbes has placed Colombia 8th in a list of 25 global destinations for foreign retirees. Colombia was bettered only by Ecuador in the South America region. The influential US publication recommended 25 countries to retire to based off the annual International Living "World's Best Retirement Destination for 2015&...Read More
World deflationary forces have swept away Switzerland's defences … A month ago the Swiss authorities were still claiming that their currency floor was crucial to prevent a deflation trap. They were right … The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder. – UK...Read More
Colombia is 8th best country for retiring: Forbes … US economy magazine Forbes has placed Colombia 8th in a list of 25 global destinations for foreign retirees. Colombia was bettered only by Ecuador in the South America region. The influential US publication recommended 25 countries to retire to based off the annual International Living "World's Best Retirement Destination for 2015&...Read More