The dynamics driving the dollar down
This article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar…
This article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar…
The theme of this article is debt deflation. How likely is it that the downturn in broad money supply will continue, and if so,…
We are all now aware that the global banking system is extremely fragile. Driving bank failures is contracting credit, which in turn drives interest…
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…