The Road to Canossa
byThat the artificial interest rates in evidence in our hugely distorted capital and money markets can be made negative in nominal as well as…
Surviving Mission Creep
by“So there is another reason why Europe isn’t growing and it’s one the central bank can do nothing about. Namely, the 19 governments of…
Eugen Böhm von Bawerk: Chinese Dragon: Breathing Credit Fumes
byEconomic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models…
Dr Syed Kamall MEP hosts virtual currencies and blockchain exhibition in European Parliament organised by The Cobden Centre
byAs a group leader within the European Parliament Dr Syed Kamall MEP, the Chairman of the European Conservatives and Reformists Group, has the opportunity…
European Parliament to hold first exhibition on virtual currencies and blockchain in any parliament worldwide
byVirtual currencies and blockchain technology are no longer a fringe area but are now being looked at by central banks, governments and major financial…
Benn Steil and Emma Smith’s Global Monetary Tracker
byEmma Smith and I have created a new web-based tool for tracking monetary policy developments around the world. The CFR Global Monetary Policy Tracker…
Avoiding the Issue
byIn the wake of the so-called ‘Panama Papers’ furore, the push-button issue of the One Percent being found able – OH! THE HORROR! –…
Zero Hedge: What The Market Thinks Are The Biggest “Tail Risks” Right Now
byWhen BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always focus on is the one showing what the “smart…
Time to be bullish
by“We don’t see a recession coming in the United States.” Abby Joseph Cohen in a recent Bloomberg interview. US corporate profits are experiencing…
Quantitative to qualitative – is unelected nationalisation next?
byLast year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…