Why the Stock Market Is Rising
Global Growth Is the Real Driver of the Supposed “Trump Effect” By Benn Steil and Benjamin Della Rocca “The reason our stock market is so successful is…
It’s More Than Just The Absence of Acceleration, It’s The Synchronization Where There Should Be None by Jeffrey P. Snider
by Jeffrey P. Snider According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s…
Cradles of Capitalism: the City-States of Greece and Italy
By Marcia Christoff-Kurapovna There long has been a persistent academic debate as to whether an “ancient economy,” referring mainly to Greece, even existed at all. In…
Benn Steil: The Fed could be tightening more than it realizes
Ten years ago, before the collapse of Lehman Brothers rocked global financial markets, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasuries. After…
Is There Any Way Out of the ECB’s Trap?
By Daniel Lacalle The ECB faces the Devil’s Alternative that Frederick Forsyth mentioned in one of his books. All options are potentially riskly. Mario Draghi knows that…
What Hayek Tells us about the Link between Ultra-loose Monetary Policy and Political Instability
By Professor Gunther Schnabl, University of Leipzig The European Central Bank will increase the overall volume of its bond purchase program to…
Yellen’s Poor Legacy — and Powell’s Challenges
By Daniel Lacalle The appointment of Jerome Powell as the new chair of the Federal Reserve must be interpreted by the markets as a sign…
Zero Hedge: The Swiss National Bank Now Owns A Record $88 Billion In US Stocks
In the third quarter of 2017, one in which the global economy was supposedly undergoing an unprecedented “coordinated growth spurt”, and in which central…
Jeffrey P. Snider : China’s (de)Dollar Bonds
The Chinese government has sold its first dollar bond issue in thirteen years. Given that fact alone, the idea is causing more than a…
Low Interest Rates Subsidize Wealthy Households
By Hal Snarr When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus…