QE is Simply Reactionary
byThe Bank of England has recently announced a new round of quantitative easing alongside an interest rates cut, pushing £100 billion into banks, with…
Markets
Valuation Fallacies
byBy Jeffrey P. Snider Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to…
Hamilton’s Curse (reprised)
byThe following article is (after very light editing) something your author wrote early in October of 2008, when the padlocks on the Lehman office building…
Trust no-one
by“Predictably, there is speculation that Brexit will not happen. If Britain can vote for Brexit, it is being argued, surely anything is possible. But…
A Plan to Engender Prosperity in Perfidious Albion – from Pariah to Paragon
by“The state is that great fiction by which everyone tries to live at the expense of everyone else.” “When goods do not cross borders,…
Safety in (the right) numbers
by“Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode…
Chapter 7: Secrets, Ignorance and Lies: Money, Credit and Debt.
by“The tyranny of fraud is not less oppressive than that of force.” John Taylor of Caroline, Virginia, 1814. Our system of money-creation…
The levee gonna break – Debt, demographics, productivity and financialization
byIn a March paper from the Kansas City Federal Reserve Bank – The Lasting Damage from the Financial Crisis to U.S. Productivity – the…
When the game changes
by“In a free market, the price and quantity of an item are determined by the supply and demand for that item.” ‘The function and…
Time to be bullish
by“We don’t see a recession coming in the United States.” Abby Joseph Cohen in a recent Bloomberg interview. US corporate profits are experiencing…