Italy and the repricing of European government debt
The yield spread between 10yr BTPs and Bunds widened 114bp in May Populist and anti-EU politics were the catalyst for this repricing of…
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China is in Trouble
By Ronald-Peter Stöferle Mark J. Valek Before we discuss the economic situation of China, a few words about China’s strongman, Xi Jinping. The “new…
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Living Dangerously
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms…
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A Forerunner of the Austrian School in Nineteenth-Century Spain
by David Chávez Salazar In 1952, the British economist Marjorie Grice-Hutchinson discovered that the Spanish scholastics of the seventeenth century, gathered around the School…
Read MoreCentral Banking: It’s alive!!
In his recent posting on Linked In, entitled, ‘The death of macro-prudential’, Stuart Trow of the EBRD delivered a well-aimed broadside at the pitiable…
Read MoreThe Role of Shadow Banking in the Business Cycle
By Arkadiusz Sieroń 1The process of lending and the uninterrupted flow of credit to the real economy no longer rely only on banks, but…
Read MoreShould the Fed print money to accommodate demand for money?
For most economists and commentators the main role of the Fed is to keep the supply and demand for money in equilibrium. Whenever an…
Read MoreThe Myth that Central Banks Assure Economic Stability
The world has been plagued with periodic bouts of the economic rollercoaster of booms and busts, inflations and recessions, especially during the last one…
Read MoreDoes subjective valuation mean arbitrary valuation?
Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the law of supply and…
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The Relevance Of Hayek’s Triangle Today
Most of us are aware of the inflationary pressures in the major economies, that so far are proving somewhat latent in the non-financial sector….
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