Hard hitting global and local news
The "elephant in the room" is debt. Try as they might, central bankers have not been able to spur credit, hiring, or much business expansion because of the elephant.
Wasted Money: Delegation of Governors Make Surprise Trip to Afghanistan Ways to waste money in Afghanistan are endless. Here’s another case in point: Cuomo Makes Surprise Trip to Afghanistan .
More here: Taliban Storm Afghanistan, Beheadings Galore
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More: Housing Prices, "Real" Interest Rates, and the "Real" CPI
For example and via translation from La Vanguardia, France Blames Deficit on Jihadist Terrorism, Lack of Inflation . French Prime Minister, Manuel Valls, said today that his country’s military missions against jihadist terrorism, along with public investment in education and security make it difficult to meet deficit limits
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Excerpt from: Spain Mandates Public Companies "Stop the Bleeding" No More Layoffs
Inquiring minds may also wish to consider Obama’s “Moderate Rebels†Sign Deal With ISIS . The supposed “moderate†rebels fighting Syrian dictator Bashar al-Assad — self-styled jihadists whom the Obama administration and Congress plan to supply with even more support under the guise of battling the Islamic State (ISIS) — recently signed a non-aggression pact with ISIS (also known as ISIL), according to reports from human-rights groups and French news agency Agence France-Presse (AFP).
A Fiscal Times, Yahoo Finance article by by John Grgurich claims that Instead of QE, Fed Could Have Given $56,000 to Every Household in America . Grgurich formulated his article after reading "an intriguing piece just published in Foreign Affairs, Brown University political economist Mark Blyth and London-based hedge fund manager Eric Lonergan argue the Fed could have done better by pursuing a far different type of grand policy experiment. " The "intriguing piece" is Print Less but Transfer More , Why Central Banks Should Give Money Directly to the People .