One wonders what we’re paying for via taxes, products and services, when we end up having to do so much of the work ourselves for nothing. Let’s look at a day-to-day reality that is so ubiquitous it doesn’t attract the attention it deserves: Digital services–the foundation of the digital economy–are dumpster fires we’re supposed to put out ourselves. The services are broken, dysfunctional rubbish, and yet somehow the agencies or corporations that are responsible...
Read More »Climate Deniers Deny Socialism. That’s Why the Regime Hates Them.
So-called climate change is really an excuse for government to do what it does worst: intervene in our economic affairs. While government efforts will not cool the planet, they will make life more difficult for the planet’s inhabitants. Original Article: Climate Deniers Deny Socialism. That's Why the Regime Hates Them. [embedded content]...
Read More »A Short History of the Right to Self-Determination
Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide. Original Article: A Short History of the Right to Self-Determination [embedded content]...
Read More »Washington’s Planned Theft of Credit Card Benefits
Congressional Democrats are trying to intervene in a complex and varied market they know little about but that consumers navigate without need of help. This will not end well. Original Article: Washington’s Planned Theft of Credit Card Benefits [embedded content] Tags: Featured,newsletter
Read More »Are We Really All in This Together?
Whenever governing elites create a new crisis, they insist that “we're all in this together.” It’s time to ignore their lies altogether. Original Article: Are We Really All in This Together? [embedded content] Tags: Featured,newsletter
Read More »Does the Balance of Payments Determine Exchange Rates?
It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic currency, which strengthens the exchange rate of the foreign currency against domestic money. Conversely, an increase in exports, in which exporters exchange their foreign currency earnings for domestic currency, increases the...
Read More »How Governor Whitmer Doomed Detroit Autoworkers
The new year started out on a painful note for autoworkers building electric vehicles (EVs). In the last month, thousands of workers have been laid off from General Motors (GM) and Ford plants in Michigan. Most workers involved were, or were slated to be, working on electric versions of each brand’s signature trucks—the Chevy Silverado EV and Ford F-150 Lightning. The latter has been available for purchase since 2022, with the Silverado EV set to debut this year. Yet...
Read More »Japanese Officials Weigh-In and Help Yen Stabilize, while Euro and Sterling Extend Losses
Overview: The market's reaction to the firmer than expected January CPI seems exaggerated. We do not think it was the game-changer for the Federal Reserve that the market seemed to think. The dollar was driven higher, and it is stabilizing today, though the euro and sterling extended their losses, most of the other G10 currencies did not. After the yen's six-week slide did not elicit a response from Japanese officials, yesterday's drop did, and this may have helped...
Read More »Forex Today: Pound Sterling weakens on soft UK inflation, US Dollar consolidates gains
Here is what you need to know on Wednesday, February 14: The US Dollar Index consolidates it’s gains early Wednesday after rising 0.7% to a fresh three-month high near 105.00 on Tuesday. Eurostat will release fourth-quarter Gross Domestic Product (GDP) data in the European session and there won’t be any high-tier data releases from the US later in the day. Several Federal Reserve (Fed) policymakers, including Chicago Fed President Austan Goolsbee and Atlanta Fed...
Read More »Gold price consolidates post-US CPI losses, seems vulnerable near two-month low
Gold price hits a fresh two-month low amid bets that the Fed will keep rates higher for longer. The expectations were reaffirmed by the stronger-than-expected US CPI released on Tuesday. A softer risk tone lends support to the safe-haven XAU/USD and helps limit any further losses. Gold price (XAU/USD) extends its sideways consolidative price move and remains depressed below the $2,000 psychological mark, or a two-month low heading into the European session on Monday....
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