ECONOMICS

Authored by Daniel Lacalle,

Global liquidity is expanding. In the past three months, the global money supply has soared by $4.7 trillion. This rapid increase started when the Federal Reserve panicked the first time and delayed the normalization of the balance sheet in June.

Since then, we have seen a chain of fresh stimulus policies implemented by developed economies, adding to the large fiscal packages already in place. Multi-trillion-dollar investment packages like the EU (more…)

By Stuart Chirls of FreightWaves,

East and Gulf Coast port employers on Thursday raised the stakes in contract negotiations with the International Longshoremen’s Association, asking the National Labor Relations Board to order the union back to bargaining.

“Due to the ILA’s repeated refusal to come to the table and bargain on a new Master Contract, USMX filed an Unfair Labor Practice (ULP) with the National Labor Relations Board and requested immediate injunctive relief — requiring (more…)

Authored by David Stockman via InternationalMan.com,

There is only one way to rescue America’s faltering economy and that’s the wholesale abandonment of Washington’s reckless spending, borrowing and printing policies of the last quarter century. These policies did not remotely attain their ostensible goals of more growth, more jobs and more purchasing power in worker pay envelopes. What they did do, of course, was to freight down the main street economy with crushing debts, (more…)