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Earlier this year, we discussed the likelihood of the yen carry trade unwinding under the BoJ’s decision to end decades of zero-interest rate policy, or ZIRP. That unwinding now appears to be entering full swing.
“I speak to you with the calmness of the truth,” Venezuelan presidential candidate Edmundo González told supporters, who had gathered outside his campaign headquarters in Caracas. “We have in our hands the tally sheets that demonstrate our categorical and mathematically irreversible victory.”
As the Chinese central bank slashes interest rates in a bid to save its floundering economy, and the Bank of Japan continually intervenes to the tune of billions to save its dying yen, wealthy Chinese consumers are headed in droves to Japan to take advantage of the exchange rate and load up on fancy goods. […]
Society’s linear march forward is used to justify numerous seemingly innocuous lifestyle choices. The assumption that the way things have been is the way they will continue to be is the unquestionable tenet at the root of a carefree ideology that can lead to horrid unintended consequences when it all goes down.
The United States Postal Service (USPS) is a cornerstone of American communication and commerce. However, it has faced mounting challenges in the form of inefficiency and waste. Privatization is a way to address these issues and transform the USPS into a more efficient, innovative, and financially sustainable entity.
Boeing’s commercial jets struggle, but its military machines thrive, all fueled by endless fiat money.
The increasingly desperate, secretive Chinese Communist Party may be powerless to stop the combination of downward trends which, upon passing an event horizon, could trigger a global collapse as the world’s second-largest national economy continues to edge closer to the brink.
The recent CPI report showed that inflation is, according to official data, cooling down — so why are consumers more worried for the future than they’ve been in months? If prices are coming down, shouldn’t that fuel higher confidence and a greater collective sense of economic well-being? One simple answer is that the official data […]
Across America’s cities, the inherent flaws in public transportation are becoming all too apparent. There are few urban residents who have no qualms with their public transit system. From aging infrastructure, budgets that struggle to cover costs, and a noticeable decline in ridership, there’s a growing argument for the privatization of transit infrastructure. This move […]
While the primary catalyst for the original English pilgrims to venture to America was religious freedom, a strong desire for independence followed closely behind. They desired to be independent of two things: poverty and government meddling. This spirit carried into the American Revolution and informed domestic policy for many years. The Homestead Act of (FIND […]
