My speech in the European Parliament on the coming economic collapse
Zero percent interest rates have created the largest bubble in human history, when it bursts it will be worse than 1929.
Read MoreEconomic Cycles
The ECB’s Quantitative Easing Was a Failure — Here Is What It Actually Did
By Daniel Lacalle The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s…
Read MoreTime Is Money, Money Is Time
Life’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. -Macbeth…
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Emerging Market Sensitivity to US Monetary Policy – What does the Fed think?
Emerging market currencies have suffered from US interest rate increases The Dallas Fed proposes reserve/GDP ratio as a simple indicator of stress If tightening…
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The Fed Is Tightening More Than It Realizes
by Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
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How are Chinese stocks responding to tariffs with the US and a slowdown in Asian growth?
Despite US tariffs, China’s September trade balance with the US reached a record high A number of China’s Asian neighbours have seen a deceleration…
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Risky business
“In 1961, at the height of the Cold War, a B-52 bomber carrying two Mark 39 thermonuclear bombs accidentally crashed in rural North Carolina….
Read MoreWhat Can Kill a Useless Currency
There is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
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Not waving but drowning – Stocks, debt and inflation?
Not waving but drowning – Stocks, debt and inflation? The US stock market is close to being in a corrective phase -10% off its…
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How Gibson’s paradox has been buried
Until the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as…
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