The Counterproductive Antitrust
byDiscover the discoordination and conflicting interests within government and how it impacts the war against Big Tech. Find out why the private sector may…
There’s a Herd of Elephants in the Room
byAmong the many problems currencies the markets face, there is one that is undocumented: the eurodollar market. This is yet another very large elephant…
Time preference is the key driver of interest rates
byBy Dr Frank Shostak By popular thinking, whenever the central bank raises the growth rate of the money supply through the buying of financial…
Say’s Law Says It All
byAs the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This…
UK market report on the growth of merchant adoption of Bitcoin and the Bitcoin social network.
byBy James Dewar Introduction This report has been prepared as a submission to The Cobden Centre, a UK thinktank. The report reviews factors related…
How a CBDC Created Chaos and Poverty in Nigeria
byIt is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank…
Economic growth and savings
byBy Dr Frank Shostak The US consumer sentiment index as compiled by the University of Michigan fell to 69.5 in August from 71.6 in…
Beware the great unwind
byThis chart strongly suggests that US Treasury bond yields, widely regarded as the risk-free yardstick against which all other credit is measured are going…
The Fed Is Losing Tens of Billions: How Are Individual Federal Reserve Banks Doing?
byThe Federal Reserve System as of the end of July 2023 has accumulated operating losses of $83 billion and, with proper, generally accepted accounting…
The global bank credit crisis
byGlobally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already…