One Leg to Stand on
byHere’s a question for all the cheering QEuro fans out there. If you came across a country where both real and nominal money supply…
Economics
“A more serious disaster later on..”
by“Another day, another central bank failure. In a world of currencies backed only by confidence, every failure is masqueraded as success. Like the ballet…
Does a fall in unemployment lead to stronger economic growth?
byFor the head of the Federal Reserve Board Janet Yellen and most economists the key to economic growth is a strengthening in the labor…
Sovereign Bonds
byToday’s obvious mispricing of sovereign bonds is a bonanza for spending politicians and allows over-leveraged banks to build up their capital. This mispricing has…
The Swiss Franc Will Collapse
byI have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it….
Asset managers or asset gatherers?
by“The Bank of England paid nearly £3m of taxpayers’ money for a report on whether any of its staff knew about or were involved…
Technical Update
byWracked by the actions of the various central banks – which gave us another key reminder that volatility does not equate to risk –…
Puppets pushing on a string
by“I don’t think there is a problem that this will fix. I think it will just continue to compress yields into negative territory. If…
A Slow Boat in China
byStill struggling to move from its ‘Three Overlay’ period – essentially the indigestion added by the post-GFC ‘stimulus’ burst to the already unbalanced economic…
On Money And Society: An Exclusive Interview With Steve Baker MP
byA former RAF aviation engineer and software engineer in the financial sector, Steve Baker has been the Conservative MP for Wycombe, Buckinghamshire since 2010….