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…
Necessity is the Mother of Invention – Retirees Desperate Reach for Yield
Ben Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically…
The worst of government poor planning: An economic argument against rent controls
“In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”[1] Jeremy Corbyn’s announcement…
Zero Hedge: Schäuble Says Another Financial Crisis Is Coming Due To Spiraling Global Debt, “New Bubbles”
Following the disappointing for Angela Merkel and her CDU German election results, which propelled the populist AfD into Germany’s political establishment with 92 members…
The Hope of Affordable Housing – A Modern Fairy Tale
A Modern Fairy Tale “I’ve got good news and bad news,” says the politician behind the podium – live on tv – sweat…