Low cost manufacturing in Asia – The Mighty Five – MITI V
Low cost manufacturing is moving away from China Malaysia, India, Thailand, Indonesia and Vietnam will continue to benefit Currency risks remain substantial Stock market…
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The impact of household debt and saving on long run GDP growth
Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. Hamlet I,…
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Yield Curve Control – the road to infinite QE
Zero Yield 10 year Ever since central banks embarked on quantitative easing (QE) they were effectively taking control of their domestic government yield curves….
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A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
Source: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
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A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 1
Editor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
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Drowning in debt
Central Banks are moving from quantitative to qualitative easing The spread between Investment Grade and Government bond yields is narrowing Issuing corporate debt rather…
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A Plan to Engender Prosperity in Perfidious Albion – from Pariah to Paragon
“The state is that great fiction by which everyone tries to live at the expense of everyone else.” “When goods do not cross borders,…
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Will Japan be the first to test the limits of quantitative easing?
The Japanese stock market peaked in December 1989, marking the end of a period of economic expansion which briefly saw Japan eclipse the USA…
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The levee gonna break – Debt, demographics, productivity and financialization
In a March paper from the Kansas City Federal Reserve Bank – The Lasting Damage from the Financial Crisis to U.S. Productivity – the…
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Quantitative to qualitative – is unelected nationalisation next?
Last year, in a paper entitled The Stock Market Crash Really Did Cause the Great Recession – Roger Farmer of UCLA argued that the…
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