The Credit Cycle Is On The Turn
We are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Read MoreCentral Banking
Hong Kong and the road to recovery
We are following the road to perdition There is increasing awareness that another financial crisis is in the offing, and, of course, everyone has…
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Why the Fed Denied the Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s…
Read MoreThe Fed and asset bubbles
In his speech on April 7 2010 at the Economic Club of New York the President of the New York Fed, William Dudley argued…
Read MoreJohn Law – 300 years on
Most people are aware that historically there have been speculative bubbles. Some of them can even name a few – the South Sea bubble,…
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The Blockchain Is a Tempting Target for Central Banks
For the past several years, one of the most consistent themes in the world of of central banking has been the ongoing drive to…
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Speaking truth to power
“Ron Steigler: Mr. Gardner, uh, my editors and I have been wondering if you would consider writing a book for us, something about…
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An odd, non-linear game
“Sir, John Authers, in Loser’s Game (The Big Read, December 22), could have delved deeply into the flaws in the asset management business as…
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The long march of the bezzle
“China’s HNA Group said on Wednesday that Wang Jian, 57, the group’s chairman and co-founder, accidentally fell and died from his injuries during a…
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Deutsche Bank’s Troubles Raise Worries About the Future of the Euro Zone
The euro banking sector is huge: In April 2018, its total balance sheet amounted to 30.9 trillion euro, accounting for 268 per cent of…
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