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More: Three Month Treasury Yields Turn Negative; Long End Flattening; Economy Strengthening or Recession Warning?
Hall of Mirrors: Jim Grant on the "Paper Moon", No Price Discovery Economy; Psychology of Bubbles Reason TV had an excellent interview with Jim Grant, editor of Grant’s Interest Rate Observer on the recent stock market turmoil. Grant says The Fed Turned the Stock Market Into a ‘Hall of Mirrors’ .“Confoundingly to me, people have come to be quite accepting of the value attached by fiat to these pieces of paper we call currency,†says Jim Grant, who’s the editor of Grant’s Interest Rate Observer and the author of The Forgotten Depression: The Crash That Cured Itself.“Are prices meant to be imposed from on high, or discovered by individuals acting spontaneously in markets?
View post: El-Erian: "This Will Not Derail the Economy"; Contradictions and Friendly Disagreements; Six Points El-Erian Misses
Sentiment as a Measure of Health of the Economy; Sentiment Theory vs.
See the original article here: US’s Saudi Oil Deal from Win-Win to Mega-Loose
Tweet Starts about 15 seconds in: "We can see it and we can feel it – hotter summers, rising sea levels, extreme weather events like stronger storms, deeper droughts, and longer wildfire seasons, all disasters that are becoming more frequent, more expensive, and more dangerous." More backing for my argument that climate communication to the public should use the " can feel it in your bones " approach. Obama is talking about things people can experience directly and compare to their past.
Tweet The coming June 18th publication of Laudato Si will reaffirm our moral responsibility for the Earth.
Illinois Politicians’ Brazen #1 Priority: Paying Themselves It’s no secret that politicians in general are a self-serving lot, primarily concerned about doing whatever it takes to get reelected. Taxpayers be damned in the process. As usual, Illinois politicians lead the way in brazen graft on such manners as excerpts from Illinoisans Suffer, Politicians Get Paid by Jeffrey Schwab, attorney for the Illinois Policy Institute shows
Continue reading here: Yellen Yap: Point by Point Rebuttal