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…
Read More
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,…
Read More
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…
Read More
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…
Read More
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…
Read More
Why did Japanese NIRP cause such surprise in the currency market and is it more dangerous?
The Bank of Japan announcement of NIRP sent shock waves through currency markets The Yen has strengthened on capital repatriation since the BoJ move…
Read More
Central Banks – Ah Aaaaahhh! – Saviours of the Universe?
Copryright: Universal Pictures Freight rates have fallen below 2008 levels With the oil price below $30 many US producers are unprofitable The Fed has…
Read More
What’s right with the Trans-Pacific Partnership?
The TPP may boost real-incomes by $285bln by 2025 US Congress should approve the TPP to avoid international political embarrassment The TPP may be…
Read More
Which way now – FTSE, Gilts, Sterling and the EU referendum?
Uncertainty is bad for business and the UK will struggle ahead of the referendum Gilt yields have been around 150bps higher than Bunds over…
Read More
US Growth and employment – can the boon of cheap energy eclipse the collapse of energy investment?
Last year’s oil price falls are still feeding through to the wider economy Oil producing states have remained resilient despite the continued lower price…
Read More