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BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold”
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Items from Professor Preponomics:
US News
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve (Cato Institute) Excerpt: “Most of all, they are based on the na?ve belief that markets are mathematizable. The Fed’s regulatory stress tests are subject to all these problems and more.”
Obamacare Ripe for Fraud While Government Yawns (Government Waste Fraud and Abuse)
Biden’s One-Night Visit to Mexico City Cost $538,528 for Hotels Alone (Washington Free Beacon)
International News
Debtor Days are Over as BIS Calls Time on World Credit Binge (The Telegraph) Excerpt: “The world’s credit boom is beginning to show dangerous signs of unraveling, ushering in a period of fresh turmoil for the over-indebted global economy….”
We’re About to Find Out How Close We are to China’s “Line in the Sand” (Business Insider) Excerpt: “In short, it’s not China who needs these reserves. It’s the entire world.”
Downfall of Brazil’s Lula Marks End of Brics Fantasy (The Telegraph) Excerpt: “One thing Brazil is not doing is managing its finances with care. Five economic institutes have warned that public debt risks spinning out of control.”
Personal Economics and Household Finance
5 Foods that are Driving Up Your Grocery Costs the Most (Clark Howard) Excerpt: “From 2005 to 2015, food prices increased 31.5%, faster than general inflation over that period….”
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