The Swiss Private Bankers Should Be a Model for Bankers Everywhere
By Marcia Christoff-Kurapovna for mises.org The strong showing in banking stocks may show some optimism following the presidential election victory of Donald Trump. But, a healthy…
Benn Steil: China’s Bond Market Can’t Handle a Global RMB
The Chinese RMB’s ascension into the IMF’s SDR currency basket in October has been widely seen as an important first step on its path to becoming…
Benn Steil: Paul Krugman Doubles Down On Fiscal Expansion Claims Contradicted by Data
“Everything about recent experience,” Paul Krugman says, “suggests that the world desperately needs fiscal expansion to boost demand and … that our sole reliance…
The Looming Bubble in Long-Term Debt
In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have constantly argued over the next big bubble. Will it be in…
Trump Is Not Seeking Yellen’s Resignation, But Won’t Nominate Her For A Second Term
As we reported first thing this morning, one of the burning questions troubling Wall Street at this moment, is whether president elect Donald Trump…
Britain Should Embrace Unilateral Free Trade Right Now
If we read the newspapers or listen to the experts, Britain faces two ways to negotiate its way out of the European Union without…
“Subtle forward guidance”: The marriage between best practice central banking and commodity markets
In the years following the 2008 crash and today, the use of forward guidance from central banking policy makers has become increasingly important. What…
USD ready for a second leg higher – then what?
One year ago we showed the following chart to explain the relative strong dollar that was on everyone’s mind at the time. With a…
Benn Steil: History Shows Trump’s Trade Policy Is a Recipe for Recession
The central theme of Donald Trump’s economic policy is trade. He promises to slash America’s trade deficit by tearing up international agreements and imposing…
The Fed Who Cried Growth
By Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…