Central Banks Are Hiding the True Price of Risk
byIf you invest your money, you will have to deal with numerous risks. For instance, if you buy a bond, you run the risk…
Assessing the long-term structural risk for China
byAfter falling to 6.4% in Q1 2009 the yearly growth rate of China’s real GDP climbed to 12.2% by Q1 2010. Afterwards the yearly…
Lord Liverpool and the Return to Gold
byMartin Hutchinson and Kevin Dowd* * Hutchinson (karlmagnus.aol.com) is the author of the Bear’s Lear column, http://www.tbwns.com/category/the-bears-lair/. Dowd (kevin.dowd@durham.ac.uk) is professor of finance and…
Can Switzerland Survive Today’s Assault on Cash and Sound Money?
byBy Marcia Christoff-Kurapovna “Switzerland will have the last word,” wrote Victor Hugo in the late 19th century. “It possesses one of the most perfect forms…
Benn Steil’s Project Syndicate op-ed, “The Marshall Plan and ‘America First'”
bySix months into Donald Trump’s presidency, the White House website still proudly proclaims his administration’s new “America First Foreign Policy.” No longer will the…
The Bank of England’s incredible stress tests
byThe Bank of England’s 2016 stress tests are literally incredible. Of the seven big financial institutions covered in the exercise, only one (RBS) failed…
Why reduction in unemployment not the key for economic growth
byThe US unemployment rate stood at 4.3% in July against 4.4% in the month before. The number of unemployed stood at 6.981 million –…
Freedom and the Fear of Self-Responsibility
byLiberty is under a renewed challenge and attack in the contemporary world. From “political correctness” and its accompanying growing totalitarian closed-mindedness at institutions of…
Follow the money
bySince 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete financial…
Saving and money – what is the relationship?
byConventional wisdom says that savings is the amount of money left after monetary income was used for consumer outlays, implying that saving is synonymous…