Statistical misdirection
Economists who understand credit cycles expect the current cycle to enter its crisis stage at any moment. Furthermore, it combines with increasing trade tariffs…
Read MoreEconomic Cycles
Are we heading for a liquidity trap?
With interest rates in many countries close to zero or even negative some commentators are of the view that monetary policy of the…
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From Zero Hedge ::: Lagarde – “We Should Be Happier To Have A Job Than To Have Savings”
Any hopes that the replacement of Mario Draghi, who on Halloween left the ECB more polarized than ever, as the core European nations revolted…
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Benn Steil: Housing Market Points to Recession By Election Day
Looking back at the years preceding the 2008 financial crisis, a critical warning sign was the surging gap between the growth in home prices…
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Inflationary financing and GDP
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP…
Read MoreDeeply negative nominal rates are on their way
Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the…
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Obvious Capital Consumption
We have spilled many electrons on the topic of capital consumption. Still, this is a very abstract topic and we think many people still struggle…
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“Mind-alteringly cheap”
“The problem is not so much to see what nobody has yet seen, as to think what nobody has yet thought concerning that…
Read MoreFor those who don’t understand inflation
This article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are…
Read MoreInterest Rates, Global Value Chains and Bank Reserve Requirements
Interest Rates, Global Value Chains and Bank Reserve Requirements Global Value Chains have suffered since 2009 Despite low interest rates, financial costs remain…
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