The consequences of such monetary policy — i.e. zero rates, printing money, limitless indebtedness — are genocidal, and you can blindly trust the incompetent politicians who rule us to smoothly manage the coming crisis.
The world has become addicted to unconventional measures and low rates. But like all drugs, the latter can have harmful side effects.
America’s central bank is finding it difficult to know what the rates of unemployment and inflation are in the United States. It is wavering on toughening its monetary policy, especially as Congress will not forgive it if it makes the wrong move.
The ADP Institute (Automatic Data Processing, which books job creations in the private sector) psychologically prepared us for a mediocre March in terms of job creation: +189,000 against 212,000 in February, while the job market consensus expected 230,000 to 250,000.
Nothing to worry about since ADP’s [Read more]
It has been 50 years since the 1964 Civil Rights Act outlawed discrimination based on a person’s race or skin color in the U.S. In this landmark year, a black youth’s death has shaken the public and brought into stark relief the reality of how deep the gap between races still is after half a century.