Central Banks Are Hiding the True Price of Risk
If you invest your money, you will have to deal with numerous risks. For instance, if you buy a bond, you run the risk…
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The Fed Remains on Course – to Trouble
The Federal Reserve (Fed) is widely expected to continue to tighten its monetary policy this year. According to a latest Reuters Poll, the Fed…
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How Long Can the Fed Keep the Boom Going?
The US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of…
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The Next Step in Europe’s Negative-Interest-Rate Experiment
The European Central Bank (ECB) pushed its deposit rate to minus 0.4 percent in April 2016: Since then, euro area banks must pay 0.4…
Read MoreCentral Banks May Choose Helicopter Money Over Negative Rates
The US Federal Reserve (Fed) is considering raising rates. Is the “normalization” of interest rates about to happen which savers and investors have been…
Read MoreHow the Blockchain and Gold Can Work Together
A look into monetary history shows that people, when given freedom of choice, opted for precious metals as money. This doesn’t come as a…
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The Fed Can’t Raise Rates, But Must Pretend It Will
Waiting for Godot is a play written by the Irish novelist Samuel B. Beckett in the late 1940s in which two characters, Vladimir and…
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Keeping the Bubble-Boom Going
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period…
Read MoreBanking and the state
“It had come to be accepted that the pigs, who were manifestly cleverer than the other animals, should decide all questions of farm policy,…
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