Economic Ideas: The Institutions and Economics of the Middle Ages, Part 1
byIn attempting to understanding the ideas and institutions of the period of history that is usually called the “Middle Ages” it must be kept…
Economics
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
bySource: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
Fed’s official expressed concern of a possible low natural rate
byIt is widely accepted that by means of suitable monetary policies the US central bank can navigate the economy towards a growth path of…
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 1
byEditor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
The Fed Who Cried Growth
byBy Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
Turn those machines back off !
by“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC. That gives me the…
Don’t mention the V.A.R!
by“Arriving late, Porter slips in the last row behind Danny. PORTER (whispers) Bear Stearns issued a press release denying rumours of liquidity…
Could the elimination of cash prevent an economic crisis?
byGiven the still subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative…
Is Deutsche Bank Kaputt?
byEditor’s Note: given recent developments at Deutsche it is worth reading Kevin’s piece from last month at Alt-M http://www.alt-m.org/2016/08/04/is-deutsche-bank-kaputt/ which is reproduced below. It looks like Deutsche…
Has the BoJ signalled the end of QE as we know it?
byThat’s what David Keohane asks in yesterday’s FT Alphaville based on recent Citi and Goldman research notes. Citi’s Buiter: “In some ways, it is…