The Fed’s Flirtation With Negative Rates Signals Its Rush Toward Irrelevance Forbes. “Labor is credit personified.” Hmm.
The toxic twins of European finance return Wolfgang Munchau, FT. Yves: “Very consistent with our post on bank risk last week. One of his points is our doom loop; another is on the sucky/unworkable bank resolution process; a third is on how terrible negative interest rates are for banks.”
Debt Forgiveness “Helicopter Drop” the Next Step in Deflation Fighting? MishTalk. Betteridge’s Law…
The EFD ready to occupy Germany! unbalanced evolution of homo sapiens. “Greece is simply a ‘compass’ according to which, the executives of the EFD [(European Financial Dictatorship) want to impose a certain ‘model’ across the eurozone.”
Recession probabilities Econbrowser. Fun with FRED!
UAE Offers India Free Oil To Ease Storage Woes Oilprice.com
Renminbi enjoys biggest one-day gain in more than a decade FT. The Lunar New Year Holiday is over!
China capital flows: what we sort-of know Eric Burroughs, Medium
China’s Factories Hunt for Growing Markets WSJ. “Shenzhen turns focus to drones, 3-D printers and robots.”
The “Race To Raqqa” Is Quickly Intensifying Moon of Alabama
Question of Nusra Front likely to bedevil Syrian cease-fire talks McClatchy (Re Silc). Important.
Remarks at the 2016 Munich Security Conference John Kerry, U.S. Department of State
De mortuis, Scalia
Obama Faces War Over Court Pick, Whether Pragmatic or Partisan Bloomberg (EH).
Scalia: The Donald Trump of the Supreme Court Corey Robin. Remarkably few eulogies to Scalia — Obama’s, for example — include any mention of Bush v. Gore. If only 306,000 Florida Democrats hadn’t voted for Bush in 2000… But who’s counting?
Top 5 Scalia Rulings that helped Progressives Informed Comment
Ranch Owner Recalls Finding Justice Antonin Scalia’s Body NYT and Scalia’s last moments on a Texas ranch — quail hunting to being found in ‘perfect repose’ Los Angeles Times. (About the “ranch” owner, John B. Poindexter.)
Possible Democratic presidential candidates in 2016 Reuters. Clinton blowing another lead? National tracking: Clinton: 44.6%; Sanders: 44.3%. Of course, this is a national poll, and people vote in precincts, districts, battleground states, etc. And this poll was taken before Scalia’s actuarial event. Nevertheless, who’d a thunk it?
How America Was Lost Paul Krugman, NYT. “The G.O.P.’s new Supreme Court blockade is, fundamentally, in a direct line of descent from the days when Republicans used to call Mr. Clinton ‘your president.'” Very true, and from the ’90s, too. Making the dominant Democrat faction’s decision to run on bipartisanship in 2008 and then compromise in 2009, having taken office, all the more mystifying. Or not.
Reaction to the Republican Debate Taeggan Goddard’s Political Wire
Trump crosses the 9/11 line Politico. “‘Everything we know about political strategy suggests that Trump’s decision to attack George W. Bush will backfire,’ said Curt Anderson, the GOP strategist who guided Bobby Jindal’s campaign [!!] last year. ‘If it doesn’t backfire, then it will be official; nothing can stop him.'”
Trump would tax Carrier air conditioning units for moving to Mexico Reuters. An “exit fee,” if you will. Why not?
These Renters Were Hit Hardest by the Financial Crisis Bloomberg. “Chances of home ownership decreased the most for affluent Hispanic millennials.”
Tension Simmers as Cubans Breeze Across U.S. Border NYT. Wait, what? You’re telling me all “Hispanics” are not alike?
An Open Letter to Rep. John Lewis. The South Lawn
Obamacare Hits 12.7 Million Enrollments––But Only Grows 8.5% Health Care Policy and Marketplace Review
What Tasers Do to the Brain New York Magazine. “[E]lectroshock can impair a person’s cognitive functioning for up to an hour after being Tased, which “questions the ability of … suspects to waive their Miranda rights knowingly, intelligently, and voluntarily within 60 minutes of a Taser exposure.”
Nuclear Fuel Storage in South Australia Seen as Economic Boon Bloomberg. I know what it’s like to live in a sacrifice zone. It’s not a “boon.”
The most bizarre, outrageous Airbnb feud story you’ll ever read San Francisco Chronicle
Antidote du jour: