The Bank Of England’s Governor Fears A Liquidity Trap

January 19, 2020@8:20 AM TFP Editor 0

The Bank Of England’s Governor Fears A Liquidity Trap Authored by Frank Shostak via The Mises Institute, The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks were running out of ammunition to combat a downturn: If there were to be a deeper downturn, more than a conventional recession, [Read More]

“We’re Ready To Fight”: 1000s Expected At Massive Gun-Rights Rally At Virginia Capitol

January 19, 2020@7:45 AM TFP Editor 0

“We’re Ready To Fight”: 1000s Expected At Massive Gun-Rights Rally At Virginia Capitol As various pro-gun rights groups prepare to gather at Virginia’s state capitol in Richmond on Monday in what’s expected to be one of the largest pro-gun rallies in recent memory, Democratic Gov. Ralph Northam has declared a state of emergency, police are busy setting up barricades and temporary holding pens – and one lawmaker has even arranged to spend most of the day in a safe house, according to the Washington Examiner. [Read More]

The Unexpected Consequences Of Germany’s Anti-Nuclear Push

January 19, 2020@7:10 AM TFP Editor 0

The Unexpected Consequences Of Germany’s Anti-Nuclear Push Authored by Irina Slav via OilPrice.com, Germany, the poster child for renewable energy, sourcing close to half of its electricity from renewable sources, plans to close all of its nuclear power plants by 2022. Its coal-fired plants, meanwhile, will be operating until 2038. According to a study from the U.S. non-profit National Bureau of Economic Research, Germany is paying dearly for this nuclear phase-out–with human lives. The study looked at electricity generation data between 2011 and 2017 to assess [Read More]

Internal Boeing Emails Claim 777X Shares MAX Problem

January 19, 2020@6:35 AM TFP Editor 0

Internal Boeing Emails Claim 777X Shares MAX Problem Internal emails from Boeing staff members working on the 737 MAX were made public earlier this month have revealed new safety problems for the company’s flagship 777X, a long-range, wide-body, twin-engine passenger jet, currently in development that is expected to replace the aging 777-200LR and 777-300ER fleets, reported The Telegraph. Already, damning emails released via a U.S. Senate probe describes problems during the MAX development and qualification process. The emails also highlight how Boeing employees were troubled by the [Read More]

Can Africa Save The World Economy From ‘Peak Growth’?

January 19, 2020@6:00 AM TFP Editor 0

Can Africa Save The World Economy From ‘Peak Growth’? Authored by Jim O’Neill via Project Syndicate, Whether or not the 2010s were a “lost decade,” one thing is clear: many countries fell short of their potential, possibly squandering their last best shot of registering strong GDP growth. In the decade ahead, demographic realities will catch up to China and the West, and the world will need a productivity miracle to offset the effects. At the start of a new decade, many commentators are understandably focused [Read More]