Low yield, no yield, negative yield – Buy now but don’t forget to sell
The amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing…
Read MoreFinancial Stability
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.
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Irrational Beliefs Are Ruling Markets
To understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
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Should bank regulation be relaxed?
Leading Federal Reserve policymaker Stanley Fischer has hit out at plans to unwind banking regulation, calling it a “terrible mistake.” President Donald Trump and…
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Business cycles are credit cycles
This article gets to the heart of why central banks’ monetary policy will never succeed. The fundamental error is to regard economic cycles as…
Read MoreThe fateful date
Caesar: What sayest thou to me now? Speak once again. Soothsayer: Beware the ides of March. Caesar: He is a dreamer; let us leave…
Read MoreCobden Centre Senior Fellow Detlev Schlichter at the Treasury Select Committee
You can see Cobden Centre Senior Fellow Detlev Schlichter’s insightful and pertinent contributions at the Treasury Select Committee’s enquiry into the “Effectiveness and Impact…
Read MoreStress Tests don’t work
Criticisms of bank stress tests continue to mount, particularly as banks continue to struggle. A new problem recently emerged: the marked shortfall between the…
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Gini and monetary policy
Or how central bankers are ducking the wealth transfer issue Central banks must be increasingly aware that critics of monetary policy are getting some…
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Price controls and propaganda
Most economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives…
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