Author: Mish

For the fourth time since October, the IMF revised its global growth forecast lower.

Coinmine offers a $799 mining box. Let’s investigate coinmine for obvious flaws.

The economic lunatics are out in force, each upping the scheme previously proposed.

The latest GDPNow forecast was on Feb 6 and Nowcast was on Feb 8. The reaction to the same trade…

New York’s projected income tax is $2.3 billion short of estimates. Governor Cuomo site a need for more taxes.

San Francisco Fed President admits open debate on permanent QE as a regular tool. Autopilot is in reverse gear.

The GDP report on Feb 28 will be a combined first and second estimate. It appears to be a kludge.

Seven Fed presidents made speeches this week. Also, Fed Chair Powell and Vice Chair Clarida had dinner with Trump.

The stock market is unlikely to crack until speculation in junk bonds gets blown out of the water.

Rep. Alexandria Ocasio-Cortez (AOC) released her bill for a “Green New Deal”. It’s stunningly absurd.