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Read the article: Stupidity of Negative Interest Rates Expands to Spain; Deflation Shock Thesis
Read More: Peek Inside Caterpillar’s Fully Autonomous Mine Site – Drivers Not Needed
Expect applications to Stanford university to soar with this announcement: Tuition free for Families Earning Less than $125,000 Per Year .
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
See the original article here: Thrown Under the Bus: Another Look at the Self-Serving Launch of Ben Bernanke’s Blog and…
More: Construction Spending Unexpectedly Declines; Good News For Economists!
Read the article: Iceland Ponders Radical Money Plan Including Elimination of Fractional Reserve Lending and Deposit Insurance
Yet another central bank has announced a warning about the perils of deflation. Please consider China Central Bank Calls for Vigilance on Deflation . China’s central bank governor Zhou Xiaochuan warned on Sunday that the country needs to be vigilant for signs of deflation and said policymakers were closely watching slowing global economic growth and declining commodity prices
See the original article here: Wally Becomes Chief Economist for Dilbert, Predicts "Bubble in Monetary Policy"
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