Money, Monopoly, and Market Intervention
• mises.orgI've enjoyed teaching all of my online Mises Academy classes, but I have never been more excited than I am to teach the upcoming class Money, Monopoly, and Market Intervention.
Contents Pages by Subject
Economy - Economics USA
The Attack on Accidental Americans
• mises.orgWhen Julie Veilleux discovered she was American, she went to the nearest US embassy to renounce her citizenship.
Whose MONEY Is It, Anyway?
• cafehayek.comHere’s a letter to The American Conservative:
REPORT: EU Officials Expect A Greek Default, But Think It Will Stay In The Euro
• www.businessinsider.comThe Telegraph reports that EU leaders generally agree that a Greek default is imminent but that Greece will not leave the euro.
Consumer Credit: More Student Financial Rape
• market-ticker.orgConsumer credit increased at an annual rate of 6 percent in July 2011. Revolving credit decreased at an annual rate of 5-1/4 percent, while nonrevolving credit increased at an annual rate of 11-1/4 percent.
Euro-Zone Economy in Retreat
• online.wsj.comThe prospect of Europe falling back into recession came a step closer Thursday following the latest batch of dire economic data.
U.S., world markets fall sharply after Fed action on bonds
• www.washingtonpost.comThe Dow Jones industrial average opened down nearly 3 percent after the Federal Reserve took steps Wednesday to help revive the economy. Here’s a look at the five biggest single-day gains and losses in the index’s history.
Stocks, Commodities Drop on Fed; Treasury Yields at Record Low
• washpost.bloomberg.comStocks and commodities tumbled, Treasury 30-year yields dropped to a record and the Dollar Index climbed to a seven-month high amid concern central banks are running out of tools to prevent another recession.
Markets tumble after Fed says it will buy longer-term bonds to try to boost economy
• www.washingtonpost.comThe Federal Reserve took a dramatic step Wednesday to help revive the economy, resuming its unconventional efforts at stimulating growth nearly a year after embarking on an initiative that ultimately failed to deliver a healthy recovery.
Factbox: What the twisting Fed plans to buy and sell
• www.reuters.comThe U.S. central bank is launching a program that will tilt its $2.85 trillion balance sheet more heavily toward longer-term securities, in an effort to boost a fragile economic recovery.
India cuts US debt exposure by $4.2 bn in 3 months
• economictimes.indiatimes.comIndia has lowered its exposure to America's ballooning debt for three consecutive months, as its holding of the US Treasury bonds fell by USD 4.2 billion (more than Rs 20,000 crore) between May and July this year.
Wall Street tumbles as recession fears hit, Dow Jones down over 3 per cent
• economictimes.indiatimes.comUS stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the US economy and disappointing data from China heightened fears about a global recession.
Nervous Breakdown? 21 Signs That Something Big Is About To Happen In The Financial World
• theeconomiccollapseblog.comWill global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.
30 Signs That The U.S. Economy Is About To Go Into The Toilet
• theeconomiccollapseblog.comIf you think the U.S. economy is bad now, just wait for a few months. Things are about to become absolutely nightmarish.
Wall Street tumbles as recession fears hit
• www.reuters.comStocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data China heightened fears about a global recession.
Soros: US Is Already in Double-Dip Recession
• www.cnbc.comBillionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
The World's Biggest Debtor Nations
• www.cnbc.comThroughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support...
Stopgap spending bill fails in the House; shutdown looms
• Washington PostThe surprise defeat in the House Wednesday of a special funding measure to keep the federal government functioning past Sept. 30 was a sharp rebuke of the GOP leadership that controls the chamber and a testament to the fragility of the majority itsel
Stocks plunge after Fed announces stimulus steps
• APThe Federal Reserve did what investors expected Wednesday - it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.
THE NEXT TRILLION DOLLAR INDUSTRY: 3D Printing
• www.businessinsider.comTo hear enthusiasts tell it, the technique of additive manufacturing, better known as 3D printing, has the potential to change not just manufacturing, but the world. Tomorrow, everyone will have a 3D printer on their desk and make their own sneakers
Banking for California's Future
• www.commondreams.orgWall Street's not cutting it: California's legislature voted to do a feasibility study on establishing a state-owned bank.
$16 muffins, $8 coffee served in Justice audit
• ReutersAs the government grapples to find ways to trim the bloated federal deficit, a new report suggests officials might start with cutting out $16 muffins and $10 cookies. "We found the Department (of Justice) spent $16 on each of the 250 muffins serve
General Motors , SAIC agree to develop electric vehicles in China
• economictimes.indiatimes.comGeneral Motors Co and its Chinese partner SAIC Motor Corp signed an agreement on Tuesday to develop and build electric vehicles in the world's largest auto market.
Operation Twist: Fed Ready for QE3
• www.infowars.comDaily Forex Fundamentals, written by Danske Bank, says the FOMC will probably get QE3 rolling by the end of the year or early in 2012. “Following the continued deterioration in economic data, we expect the Fed to take action in the form of a twist in
Greek Default Could Tip US Into Recession (Greece Lightening)
• www.cnbc.com“Due to financial trading relationships and off-balance sheet exposure to European banks, the U.S. banking system will not go unscathed,” said Michelle Meyer, a Bank of America Merrill Lynch economist, in a note to clients Friday.
Questions: Gold reporting, Argentina, travel
• www.sovereignman.comI had breakfast this morning with the head of business development for one of the world’s largest travel companies, and he told me an absolutely hilarious story that I wanted to share with you.
EU to urge U.S., Japan to act on public deficits at G20
• ReutersThe European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.debt crisis.
California Legislature Passes Bill to Study State-owned Bank
• arcleinProp 13 radically reduced the tax base, but it is probably too late to raise property taxes now. The tax savings simply drove property prices up, getting capitalized into additional debt service to the banks. Today, a rise in property taxes would lea
Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming
• theeconomiccollapseblog.comGoldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distribute
US Taxpayers Could Pay For European Bailout
• www.prisonplanet.comIf the crisis continues to grow and the U.S. takes on a wider role, U.S. taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.
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