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…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
Back in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
David Stockman: Thanks For The Corporate Bond Bubble, Fed
Once upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That…
Zero Hedge: Sudden Plunge In Japanese Government Bonds Triggers Circuit Breaker, Halts Market For 30 Seconds
It was just yesterday when we observed the record collapse across the Japanese curve when first the 10Y JGB plunged to an all time…
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….