12 September, 2014 by The TZ Newswire Staff Comments Off on Obama’s ISIS War Is Not Only Illegal, It Makes George W. Bush Look Like A Constitutional Scholar
Obama’s ISIS War Is Not Only Illegal, It Makes George W. Bush Look Like A Constitutional Scholar
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
Rudderless and without a compass, the American ship of state continues to drift, guns blazing.
– Andrew J. Bacevich, the Boston University political science professor and former Army colonel who lost his son in the Iraq war in 2007, in a recent Reuters article.
12 September, 2014 by The TZ Newswire Staff Comments Off on Level vs. growth rate targeting
Level vs. growth rate targeting
Here’s Lars Christensen:
In fact I am pretty sure that if somebody had told Scott in July 2009 that from now on the Fed will follow a 4% NGDP target starting at the then level of NGDP then Scott would have applauded it. He might have said that he would have preferred a 5% trend rather than a 4% trend, but overall I think Scott would have been very happy to see a 4% NGDP target as official Fed policy.
12 September, 2014 by The TZ Newswire Staff Comments Off on Credit Suisse Warns Of "Self-Fueling Negative Feedback" In Scotland; Here’s Who Is Exposed
Credit Suisse Warns Of "Self-Fueling Negative Feedback" In Scotland; Here’s Who Is Exposed
While we noted earlier the dramatic outflows and record selling in stocks in UK, Credit Suisse warns, it could get much worse…
The flow diagram below explains how the uncertainty over Scotland’s currency and ability to backstop its financial sector can set in train a self-fuelling feedback loop of rising risks and costs to the Scottish financial and sovereign sectors, and a steady migration of capital, activity, jobs and taxes.
12 September, 2014 by The TZ Newswire Staff Comments Off on End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On
End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On
History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to do with the actions of the US but rather with the unraveling of a century’s long economic anomaly.
12 September, 2014 by The TZ Newswire Staff Comments Off on Russia sanctions to stall Exxon’s Arctic oil plans
Russia sanctions to stall Exxon’s Arctic oil plans
Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.
12 September, 2014 by The TZ Newswire Staff Comments Off on APPRoPRiaTeLY VeTTeD ReBeLS…
APPRoPRiaTeLY VeTTeD ReBeLS…
.
McStain is in charge of our vetting
And moderate rebels we’re getting
It’s all just a game
These guys are the same
And fighting for ISIL
I’m betting
The Limerick King
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.
;.
PROTECT THE AMERICA!
12 September, 2014 by The TZ Newswire Staff Comments Off on Why PIMCO Thinks "The Bursting Bubble" Is Not The Biggest Risk
Why PIMCO Thinks "The Bursting Bubble" Is Not The Biggest Risk
Authored by PIMCO’s Paul McCulley,
When I entered the Fed-watching business over three decades ago, a clichéd phrase of advice from graybeards was: “Watch what they do, not what they say.” Thinking back, there was not actually much Fed rhetoric to either watch or hear.