Equity markets and credit contraction
byThere is one class of money that is constantly being created and destroyed, and that is bank credit. Bank credit is created when a…
The Bank of England’s One Bank Research programme – how to truly challenge the orthodoxy?
byThe Bank of England launched its “One Bank Research” programme last year. They write: Through our One Bank Research initiative, the Bank of England…
Low Interest Rates Cannot Save a House of Cards
byWhen is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that…
Now What?
byThis piece, by Doug Noland, originated here http://creditbubblebulletin.blogspot.co.uk/2015/09/weekly-commentary-now-what.html September 18 – Reuters: “The world’s leading central banks are facing the risk that their massive…
Haldane the Omniscient
byI read this article by Andy Haldane. http://www.theguardian.com/business/2015/sep/18/interest-rates-rise-bank-of-england-chief-economist-andy-haldane I value certain things now more than I do in the future. I am…
Eugen von Bohm Bawerk: From Miracle to Cataclysm – why the commodity bust will last for years
bySource: http://bawerk.net/2015/09/11/from-miracle-to-cataclysm-why-the-commodity-bust-will-last-for-years/ The Chinese Jīngjì qíjī, wirtschaftswunder, keizai no kiseki, milagro económico or whatever you want to call is neither a miracle nor distinctly…
Austrian Economics, Monetary Freedom, and America’s Economic Roller Coaster
byFor over a decade, now, the American economy has been on an economic rollercoaster, of an economic boom between 2003 and 2008, followed by…
Demonising digital monopoly: an attack on our futures
byWritten by Vishal Wilde for The Cobden Centre. ‘Should digital monopolies be broken up?’ is the title of an article by the Economist in…
BIS Quarterly Report: “If I were you, I wouldn’t start from here.”
byThe latest BIS quarterly report can be found here: http://www.bis.org/publ/qtrpdf/r_qt1509.htm Relative to the IMF, World Bank and national central banks around the…
Zero Hedge: Mom And Pop “Will Probably Get Trampled”: Alliance Bernstein Warns On Bond ETF Armageddon
byRight up until China threw the financial world into a frenzy by devaluing the yuan right smack in the middle of a stock market…