
Global trade in 2021
So long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the…
Read MoreSo long as the fiat-based monetary system continues with accelerated money-printing, the US trade deficit will continue to widen. This is due to the…
Read MoreThe most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s…
Read MoreIn all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that…
Read MoreDownturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus…
Read MoreThis article summarises why the credit cycle leads to alternate booms and slumps. It is only with this in mind that they can be…
Read More“In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that,…
Read MoreThe powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is…
Read MoreCommentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it….
Read MoreWith a recession become increasingly certain and the end of the expansionary phase of the credit cycle in sight, we can expect a periodic…
Read MoreEconomists who understand credit cycles expect the current cycle to enter its crisis stage at any moment. Furthermore, it combines with increasing trade tariffs…
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