Leveraged Loans – History Rhyming?
Despite three Federal Reserve rate cuts, leveraged loan credit quality is rapidly declining Covenant-lite issues now account for more than 80% of US$…
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The Japanization of the European Union
The Japanization of the European Union[1] Introduction The topic of my lecture today is “The Japanization of the European Union.” I…
Read MoreTargeting nGDP Targeting
Not too long ago, we wrote about the so called Modern Monetary so called Theory (MMT). It is not modern, and it is not…
Read More150 years of bank credit expansion is near its end
The legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of…
Read MoreThe Perversity of Negative Interest
Today, we want to say two things about negative interest rates. The first is really simple. Anyone who believes in a theory of interest…
Read MoreAre we heading for a liquidity trap?
With interest rates in many countries close to zero or even negative some commentators are of the view that monetary policy of the…
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It’s Coming Home this November! Event in Austrian central bank in Vienna
This will be a good one. See more here: http://austrianconference.org/
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FinTech Companies; little innovation and no reform of banking
New entrants into every aspect of banking were encouraged by two recent regulatory developments: the Open Banking initiative and the ‘sandboxing’ exemptions from regulations….
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From Zero Hedge ::: Lagarde – “We Should Be Happier To Have A Job Than To Have Savings”
Any hopes that the replacement of Mario Draghi, who on Halloween left the ECB more polarized than ever, as the core European nations revolted…
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The Austrian School Warned, the ECB Didn’t Listen
by Alvaro Martin Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole…
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