Fed’s official expressed concern of a possible low natural rate
It is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of…
Read MoreOctober, 2016
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
The central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…
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A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 1
Editor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
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The Fed Who Cried Growth
By Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
Read MoreTurn those machines back off !
“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC. That gives me the…
Read MoreTrade deals – a global issue
The annual Conservative Party conference commenced last Sunday, and the media focus was mostly about the Government’s stance on Brexit. This is hardly surprising,…
Read MoreEconomic Ideas: The Ancient Romans, Who Went from Rule of Law to Corrupting Inflation and Price Controls
The ancient Romans failed to leave any systematic body of thoughts on economics, just like the ancient Greeks had failed to. Indeed, many of…
Read MoreThe Humours of Change Alley
I was recently flattered to be asked how I envisaged the dreaded ‘helicopter money’ working if it were not to simply add further to…
Read MoreDon’t mention the V.A.R!
“Arriving late, Porter slips in the last row behind Danny. PORTER (whispers) Bear Stearns issued a press release denying rumours of liquidity…
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