The Deadliest Virus
The deadliest virus is the institutionalized coercion which lies in the very DNA of the state and may even initially permit a government to…
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How Markets Price a Pandemic—and How They Lower Risk
In economic terms, war and pandemic are the same without even evoking imagery of the virus as an invisible enemy or of a long…
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The looming derivative crisis
The powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is…
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Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
By Benn Steil and Benjamin Della Rocca Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on…
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Leveraged Loans – History Rhyming?
Despite three Federal Reserve rate cuts, leveraged loan credit quality is rapidly declining Covenant-lite issues now account for more than 80% of US$…
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Benn Steil: Did Russia Really Dump Its U.S. Debt?
Russia dumped 84% of its American debt,” blared a July CNN headline. Russian central-bank head Elvira Nabiullina said the sales were just part of “diversifying the entire structure…
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Zero Hedge — Citi: “There Is A Massive Problem” With The Bond Market
Is the global economic recovery over? That is the question investors are grappling with just as Q1 earnings season – the best since 2011 with its…
Read MoreDoug Casey: Comparing the 1930s and Today
You’ve heard the axiom “History repeats itself.” It does, but never in exactly the same way. To apply the lessons of the past, we…
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Ease this
“There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive…
Read MoreBIS Quarterly Report: “If I were you, I wouldn’t start from here.”
The latest BIS quarterly report can be found here: http://www.bis.org/publ/qtrpdf/r_qt1509.htm Relative to the IMF, World Bank and national central banks around the…
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