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Bloomberg reports Brazilian Currency Touches Four-Year Low, Prompting Intervention Brazil’s real touched a four-year low, prompting the central bank to intervene for a second straight day as a report showed higher-than-forecast inflation. “If there’s... currency devaluation, there will be...

Housing Starts: A few comments by Bill McBride on 6/18/2013 02:11:00 PM A few comments:
• Overall...he housing starts report was a little disappointing with...otal starts at a 914...housand rate on a seasonally adjusted annual rate basis (SAAR) in May. This was below...he consensus forecast of 950...

In response to Pettis on China, Europe, Japan: Bad News for Those Looking for Growth reader "BC" passed on a series of articles about jobs and wages, and matching up graduates with the skills companies seek. The articles are all in regards to China. Change the names and faces, and the stories...

The Cleveland Fed released... median CPI and... trimmed-mean CPI this morning:
According to... Federal Reserve Bank of Cleveland,... median Consumer Price Index rose 0.2% (2.0% annualized rate) in May. The 16% trimmed-mean Consumer Price Index increased 0.1% (1.6% annualized rate) during...

The Federal Reserve released the Q1 2013 Household Debt Service and Financial Obligations Ratios yesterday. I used to track this quarterly back in 2005 and 2006 to point out that households were taking on excessive financial obligations.
These ratios show the percent of disposable personal...

Over the past several years, I have been discussing the tech sector with my brother Michael Whalen who is currently the Head of Digital Rights Administration for TuneSat,LLC. TuneSat’s audio fingerprint technology monitors hundreds of TV channels in 14 countries and crawls millions of websites. Michael is a professor at NYU and The City College of NY, a two-time Emmy® Award-Winning composer as well as an internationally-known recording artist. Last month on Zero Hedge, we spoke about the outlook for Apple Inc (AAPL). This month we return to one of our favorite topics, namely Facebook (FB). By way of background, you can read the February 2012 discussion with Michael...

From the Census Bureau: Permits, Starts and Completions
Housing Starts:
Privately-owned housing starts in May were at a seasonally adjusted annual rate of 914,000. This is 6.8 percent above the revised April estimate of 856,000 and is 28.6 percent above the May 2012 rate of 711,000.
Single-famil

We often hear about how the government needs to run its budget just like a household does. It’s an easy analogy to understand, but it’s also completely wrong. But first let’s review some of the MR basics.

First, most of the money in our monetary system is called “inside money” because it is created inside the private sector in the process of loan creation. Loans create deposits and we use those deposits as the primary way to transact in the US economy. Outside money comes from the government because it originates outside the private sector. This includes cash, coins and bank reserves. This form of money facilitates inside money. For instance, bank reserves exist primarily to help private banks settle payments among one another. And cash exists to allow bank account owners (inside money account owners) to transact more conveniently by drawing down their accounts. See here for more...

Guest post by Michael Cahill

The Affordable Care Act’s Prevention and Public Health Fund: Why it needs...o succeed for America’s Economic Future

What will it...ake for...he Affordable Care, known more commonly as Obamacare,...o succeed? Realistically speaking it will...ake a lot of...hings for...