How did we end up here?
byWhile money can be made in markets on the minutest of scales, sometimes it helps to have a broader sense of perspective. After all,…
The Greatest Depression You’ve Never, Ever Heard Of
byJames Grant, in his new book The Forgotten Depression, makes a strong case for applying a prime directive of the Hippocratic Oath — “First,…
One Leg to Stand on
byHere’s a question for all the cheering QEuro fans out there. If you came across a country where both real and nominal money supply…
“A more serious disaster later on..”
by“Another day, another central bank failure. In a world of currencies backed only by confidence, every failure is masqueraded as success. Like the ballet…
Does a fall in unemployment lead to stronger economic growth?
byFor the head of the Federal Reserve Board Janet Yellen and most economists the key to economic growth is a strengthening in the labor…
Swiss National Bank policy and its implications for currencies, assets and central banking
bySwiss National Bank policy and its implications for currencies, assets and central banking The SNB unpegged from the Euro and sustained balance sheet losses,…
Sovereign Bonds
byToday’s obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has…
The Swiss Franc Will Collapse
byI have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
Europe’s Move In The Direction Of More Monetary Mischief
byThe European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September…
Asset managers or asset gatherers?
by“The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved…