Eugen von Böhm Bawerk: Greenspan, the Sheepherder
It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy….
Benn Steil: Could China Have a Reserves Crisis?
Last summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still “terribly undervalued.” But those days may be…
David Stockman: The War On Savers And The 200 Rulers Of Global Finance
Source: http://davidstockmanscontracorner.com/the-war-on-savers-and-the-200-rulers-of-world-finance/ There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and…
EU to regulate virtual currency exchanges and wallet providers
This article is from EDCAB.eu, with whom The Cobden Centre is working regarding a project for the European Parliament on digital currencies. Source: http://edcab.eu/blog/eu-tackles-virtual-currency-exchanges-wallet-providers The European…
Zero Hedge: This Could Be A Problem: China’s Debt-To-GDP Rises To A Gargantuan 346%
Source: http://www.zerohedge.com/news/2016-01-28/could-be-problem-chinas-debt-gdp-rises-gargantuan-346 In early 2015, after years of China’s massive debt pile being roundly ignored by most so-called experts (despite being profiled here many years…
Mises.org: Brazil’s Easy-Money Problem
By Lucas Vaz, source: https://mises.org/library/brazils-easy-money-problem Brazil is undergoing what is considered its worst economic crisis in seventy years, and there is usually no agreement when…
Emerging Markets Fear Yellen, But Need To Keep Their Eye On Draghi
Mr. Steil is director of international economics at the Council on Foreign Relations. Ms. Smith is an analyst at the Council. President of the European…
David Stockman: The Warmongers’ Brawl——How The GOP Is Deserting Free Markets, Sound Money And Fiscal Rectitude
Source: http://davidstockmanscontracorner.com/the-warmongers-brawl-how-the-gop-is-deserting-free-markets-sound-money-and-fiscal-rectitude/ According to Dante’s Divine Comedy the inscription on the gates to hell says, “Abandon hope all ye who enter here”. That phrase should…
Zero Hedge: About That “Surging” Chinese Trade Data, There Is Just One Thing…
Source: http://www.zerohedge.com/news/2016-01-13/about-surging-chinese-trade-data-there-just-one-thing While Chinese New Year seasonals are undoubtedly one factor in last night’s “surprisingly good” Chinese trade data, the following chart shows the…
Eugen von Bohm-Bawerk: How Peak Debt Constrain the Fed from Moving Rates Higher
Source: http://bawerk.net/2015/12/11/how-peak-debt-constrain-the-fed-from-moving-rates-higher/ We have argued for a long time that 2016 will probably be a year of recession in the US and the Federal…