Zero Hedge: US Negative Interest Rate Bets Surge To Record Highs
byAs the “deflationary supernova” sweeps across the world, dragging bond yields to zero-and-beyond, even the almighty omniscent Federal Reserve has been forced to capitulate…
Economics
Rationalizing ‘Rational’
byWalter W. Heller was said to have been an “educator of Presidents.” As an economist and Presidential advisor in the inner circles of DC,…
Why output gap is an empty abstraction
byAccording to popular thinking the key cause behind either inflation or deflation is the difference, or the gap, between what an economy is producing…
Safety in (the right) numbers
by“Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode…
Paul Krugman Has Gone Too Far This Time: Let’s Re-Train Him As a Cosmonaut
byI admit it: I have never been a big fan of Paul Krugman. I do not care for his vulgar Keynesianism or his vulgar…
bawerk.net: Tough Choices: Peg or Banking Crisis?
byDuring the reign of the mighty petro-dollar standard, it was necessary for major oil exporters to recycle their dollar holdings back into the dollar-based…
Central Bankers Claim: Things Are Better than You Think
byIn our time, the greatest source of money chaos is now the global 2%-inflation standard. Deflation-phobic central bankers, led by the FOMC at the…
Benn Steil: Is the Fed Losing Credibility? A Response to Kocherlakota
byFormer Minneapolis Fed president Narayana Kocherlakota says that the Fed has a credibility problem. Investors, he argues, have lost faith that the Fed will…
It’s Not Stupidity, It Is Apathy (For Now)
byTen days ago, it was reported that the Bank of Japan for the first time set aside reserves against expected losses should its massive…
ECB Policy-Failure On Display: European Businesses Aren’t Planning To Invest
byThere once was a time (at least in banished Austrian economic circles) when low market interest rates signaled to entrepreneurs a positive environment in…