27 July, 2014 by The TZ Newswire Staff Comments Off on Is the Fed finally beginning to see the problems with IT?
Is the Fed finally beginning to see the problems with IT?
For years I’ve been arguing that the public doesn’t understand inflation targeting, and that the Fed needs a target that the public does understand, such as NGDP targeting. In 2010 when core inflation was running below 1%, Bernanke said the Fed would seek to raise the rate of inflation closer to 2%. Talk radio told its listeners that the Fed wanted to raise their cost of living when average Americans were already struggling, and of course there was an uproar.
27 July, 2014 by The TZ Newswire Staff Comments Off on Tesla Motors, Inc. Delivers First Cars to Hong Kong. Is Japan Next?
Tesla Motors, Inc. Delivers First Cars to Hong Kong. Is Japan Next?
The first Tesla Model S cars were delivered to owners in Hong Kong last week. Now all eyes will be on the important Japan market.
27 July, 2014 by The TZ Newswire Staff Comments Off on The Chinese vs Japanese Navy Head To Head: An Infographic
The Chinese vs Japanese Navy Head To Head: An Infographic
Tomorrow is the 100th anniversary of the start of World War I. Perhaps just as importantly, this weekend is also the 120th anniversary of the first Sino-Japanese war: a war between China’s Qing dynasty and Meiji Japan. A war which China lost, and which has been a chip on China’s shoulder ever since.
27 July, 2014 by The TZ Newswire Staff Comments Off on What a breakaway Scotland means for sterling
What a breakaway Scotland means for sterling
Scotland has joined England since 1707 but many are arguing that they should be a independent, and they will vote on September 18th.
27 July, 2014 by The TZ Newswire Staff Comments Off on Is America’s Richest Family’s Wealth at Risk?
Is America’s Richest Family’s Wealth at Risk?
27 July, 2014 by The TZ Newswire Staff Comments Off on Is Apple Really a Threat to Sirius XM?
Is Apple Really a Threat to Sirius XM?
Apple and Google are turning their attention to cars. Should Sirius XM investors be worried?
27 July, 2014 by The TZ Newswire Staff Comments Off on Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number"
Gary Shilling: "Q2 GDP Was Closer To 1% Than To 3%. It Could Even Be A Negative Number"
This week, in the aftermath of the Q1 -2.9% GDP disaster, the biggest “non-recessionary” drop in 67 years which was blamed on harsh weather (because there have never been harsh winters in the past 67 years), we get the first glimpse of what Q2 GDP was in the US economy. It is expected to print just shy of 3%. However, one person disagrees: Gary Shilling believes that not only will Q2 GDP be closer to 1% than to 3%, there is a fairly good chance it could be negative, which of course would mean that the US economy has officially entered a recession.
Shilling’s take: