Markets are calmer with some better than expected figures for the US and Chinese services sectors as well as a bounce for oil. Apart from the more important oil report, we’ll have the Fed minutes high on the agenda and late in the day. While the document is from a meeting held three weeks ago, […]

“The Australian dollar has appreciated somewhat recently. In part, this reflects some increase in commodity prices, but monetary developments elsewhere in the world have also played a role. Under present circumstances,an appreciating exchange rate could complicate the adjustment under way in the economy.” – Statement by Glenn Stevens, Governor: Monetary Policy Decision, April 5, 2016 (emphasis […]

Here’s the interesting set of questions from the “Mish Mailbag” summarized as follows: How Accurate and at What Cost is BLS Data? Why isn’t there a private industry alternative?” The questions are from reader “Trevor”, a grad student, forwarded from his professor. When I first read the questions, I thought they were about jobs because […]

Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result? Less financial and geopolitical risk-taking and more gold buying. But don’t get burned by failing precious metal dealers. Here’s how to make sure you get what you pay for. Audio […]

Technologies such as the blockchain are enabling alternative ways of creating and distributing money outside central banks and states. If we don’t change the way money is created and distributed, we will never change anything. This is the core message of my book A Radically Beneficial World: Automation, Technology and Creating Jobs for All. The Panama Papers […]