From ZIRP to NIRP
The sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about…
Read MoreThe sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about…
Read MoreDownload: “Choose your own financial crisis“, working paper Do you remember those “Choose your own adventure” stories from your childhood? For some time I’ve…
Read MoreAs a child I was fascinated by the concept of a neutron star. A neutron star is the tiny but immensely dense thing that’s…
Read MoreThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…
Read MoreThe Bank of England launched its “One Bank Research” programme last year. They write: Through our One Bank Research initiative, the Bank of England…
Read MoreWhen is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that…
Read MoreThis piece, by Doug Noland, originated here http://creditbubblebulletin.blogspot.co.uk/2015/09/weekly-commentary-now-what.html September 18 – Reuters: “The world’s leading central banks are facing the risk that their massive…
Read MoreI read this article by Andy Haldane. http://www.theguardian.com/business/2015/sep/18/interest-rates-rise-bank-of-england-chief-economist-andy-haldane I value certain things now more than I do in the future. I am…
Read MoreSource: http://bawerk.net/2015/09/11/from-miracle-to-cataclysm-why-the-commodity-bust-will-last-for-years/ The Chinese Jīngjì qíjī, wirtschaftswunder, keizai no kiseki, milagro económico or whatever you want to call is neither a miracle nor distinctly…
Read MoreFor over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by…
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