Credit chaos
Following the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think…
Following the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think…
There has been much comment over the likelihood that central bank digital currencies will be introduced. I conclude they are unnecessary — a red…
This article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire…
In the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America…
Probably the greatest error in modern economics was the abandonment of Say’s law, otherwise known as the law of the markets. In a nutshell,…
Savings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has…
A recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney…
At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of…
There is a growing feeling in markets that a financial crisis of some sort is now on the cards. Credit Suisse’s very public struggles…
There is a growing realisation that the world faces a combination of persistent inflation of prices and a recession at the same time. The…