Currency Woes

Aside from China, the BRIC currencies have crumbled since 2011.

crumbling brics

What We’re Reading

The predictable “unintended consequences” of Obamacare. (The Wall Street Journal)
MAULDIN: We Shouldn’t Be the Least Bit Surprised by Sluggish Global Growth (Business Insider)
Washington rolling the dice with your tax dollars…again (The Wall Street Journal)
There’s No ‘There’ There With The Latest ‘Deflation’ Scare (Forbes)
Minimum Wage Backfire–sadly this comes as a surprise to the Keynesian crowd. (The Wall Street Journal)
How Quantitative Easing Contributed to the Nation’s Inequality Problem (The New York Times)
Breaking News: When prices rise demand falls. (The Wall Street Journal)

 

The Too Perfect ECB Stress Tests