Eugen Böhm von Bawerk: Chinese Dragon: Breathing Credit Fumes
Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models…
Benn Steil and Emma Smith’s Global Monetary Tracker
Emma Smith and I have created a new web-based tool for tracking monetary policy developments around the world. The CFR Global Monetary Policy Tracker…
Zero Hedge: What The Market Thinks Are The Biggest “Tail Risks” Right Now
When BofA’s Michael Hartnett releases his monthly Fund Managers’ Survey, the one chart we always focus on is the one showing what the “smart…
David Stockman: Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
Simple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater!…
Mises.org: And So It Begins… Negative Interest Rates Trickle Down in Japan
The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks…
Benn Steil: Why is Paul Krugman Still Calling for Fiscal Stimulus?
Nobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s…
Eugen Böhm von Bawerk: OPEC’s Doha Dilemma: 3mb/d US lock in?
Another month, another flight to Hamad international airport for 17th April after initial agreement to hold ‘upstream horses’ in February 2016. While it’s no…
Benn Steil: The Trump-Sanders China Syndrome
Presidential candidates Donald Trump and Bernie Sanders, with a phalanx of lawmakers behind them, continue to bash China as a “currency manipulator.” Both men…
Zero Hedge: Currency Debasement & The Death Of Roman Emperors
Correlation does not necessarily imply causation. In other words, just because two sets of data may follow a similar pattern, it does not mean…
Zero Hedge: “Cheerleader” Fed Loses Credibility: Big Funds No Longer Trust The ‘Dot Plot’
For the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as…