ECONOMICS

Nearly a year after Costco warned that they'd have to hike membership fees (and didn't), CFO Richard Galanti told investors "It's a question of when, not if," noting that the last time the company raised its membership fee was in June of 2017.

"You know, it’s a little longer this time around since June of ’17, so we’re six years into it," Galanti said, accordsing to a transcript of last week's earnings call. "But you’ll see (more…)

Authored by Ryan McMaken via The Mises Institute,

Argentinian presidential candidate Javier Milei – who could actually win in the general election later this month – has become famous for his fiery speeches and his libertarian views from central banking to government spending.

Milei's proposed policies – if he's able to actually implement them – would do much to help the Argentinian economy recover from decades of malaise caused by runaway government spending and monetary (more…)

Authored by Law Ka-chung via The Epoch Times,

We have been emphasizing here that the yield curve is a very powerful predictor of recession, that whenever a three-month yield (on Bonds) is lower than that of a ten-year by over 50 basis points (bps) or for over two months, the inversion is deemed reliable.

Months ago, the inversion reached 200 bps, implying an almost 80 percent chance of recession ahead. Such a strong signal has not been seen for over four decades since the early (more…)