Venezuela’s Gold Liquidation Accelerates; Will Be Out Of Gold In One Year

On Friday, Turkey unveiled its latest unorthodox financial surprise, when a local newspaper reported that Ankara will repatriate all of its gold held at the NY Fed. The stated reason: an attempt to circumvent the dollar. “Why do we make all loans in dollars? Let’s…

Economists’ Latest Leading Recessionary Indicator: Sex

When it comes to unorthodox indicators of the business cycle – especially when the business cycle is the second longest in history such as this one – economists have always had creative ways of “calculating” where in the cycle we are at any given moment….