Leveraged Loans – History Rhyming?
Despite three Federal Reserve rate cuts, leveraged loan credit quality is rapidly declining Covenant-lite issues now account for more than 80% of US$…
Read MoreDecember, 2019
The Japanization of the European Union
The Japanization of the European Union[1] Introduction The topic of my lecture today is “The Japanization of the European Union.” I…
Read MoreTargeting nGDP Targeting
Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
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