April 6th, 2014
in Op Ed
by Richard Duncan, Daily Reckoning
Central bank forward guidance and communication are all fine and good, but it is liquidity that moves the markets. When liquidity is plentiful asset prices tend to rise and when it is scarce asset prices tend to fall. What investors require, therefore, is a simple way to measure and forecast liquidity, a liquidity gauge.
The liquidity gauge becomes a useful tool for investors when it is used to forecast future levels of liquidity.
by David Schulz and Vladimir Jankovic, The Conversation
The IPCC's latest climate change report has made it clear that global temperature rises will be the cause of more extreme weather events around the world. Indeed, weather disasters increasingly provoke the question: "Was this event (directly) caused by anthropogenic climate change?" - as was the case with the flooding that struck the UK this winter.
April 4th, 2014
in Op Ed
by William K. Black, New Economic Perspectives
I posted an article earlier this week on the demented memes about eurozone deflation U.S. financial journalists parrot after talking to Brussels' troika-trolls. That article used the latest AP story to illustrate my points.
I promised a second installment that used a New York Times article (not sourced to AP) that was posted last night to illustrate the meme. The NYT article is simultaneously more complex and more alarmingly analytically awful than the AP piece.
April 3rd, 2014
in Op Ed
by Charles Hugh Smith, Of Two Minds
It's not the managers who are incompetent, it's the organization itself that is incompetent.
I received a number of interesting reader responses to my previous entries on the incompetence of the Federal Reserve and the Deep State: