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More here: Another Definition of Deflation: Antal Fekete Defines Deflation as a "Pathological Slowing in the Velocity of Money"
Read More: Part III:The Rise and Fall of the Project Ezioni
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View post: Autonomous Golf Green Mowing and the Death of Lawn Maintenance Employment in General
Sure enough, Reuters reports Greece Says Ready to Make IMF Payment on April 9 Greece will repay a loan tranche to the IMF on time on April 9, its deputy finance minister said on Friday, seeking to quell fears of default after a flurry of contradictory statements on the issue in recent days. Greece is fast running out of cash and its euro zone and International Monetary Fund lenders have frozen bailout aid until the new leftist-led government reaches agreement on a package of reforms. That prompted the interior minister to suggest this week that Athens would prioritize wages and pensions over the roughly 450 million euro ($490 million) payment to the IMF, though the government denied that was its stance
View the original here: Part II: The Etzioni Project Finds a Home
Read More: Trade Deficit Shrinks; First Quarter GDP Estimate Ticks Up to 0.1%
Factory Orders Unexpectedly Rise Snapping String of 6 Straight Declines After six straight months of factory orders unexpectedly declining, economists apparently were finally convinced that bad weather would continue indefinitely. Factory orders rose, albeit barely, and last month was revised way lower, nonetheless it was amusing to see economists expectations were in the wrong direction for the seventh straight month.