We Will All Go Down Together
bySource: http://truesinews.com/2015/07/09/we-will-all-go-down-together/ When we last wrote, some brave analyst at a Chinese brokerage was making headlines by talking of there being at least another…
July, 2015
Acropolis Now, Again
byIt goes without saying that you pick up any newspaper or journal of late and one is bombarded with how Grexit and contagion risk…
Stockman: Why China’s Market Isn’t Fixed And The Global Bubble Will Keep Imploding
bySource: http://davidstockmanscontracorner.com/why-chinas-market-isnt-fixed-and-the-global-bubble-will-keep-imploding/ China’s stock market is purportedly all fixed and Thursday’s 6% bounce is just the beginning. Indeed, Goldman Sachs has already reiterated that the whole thing…
Productivity misconceptions
byIn the media warm-up for Wednesday’s UK budget, we were told of Britain’s poor productivity and Chancellor Osborne subsequently confirmed that his priority is…
THERE’S Your Hyperinflation!
byHyperinflation is commonly defined as rapidly rising prices which get out of control. For example, the Wikipedia entry begins, “In economics, hyperinflation occurs when…
Bull in a China shock
by“No warning can save people determined to grow suddenly rich.” – Lord Overstone. History, wrote John W. Campbell Jr., doesn’t always repeat itself. Sometimes…
Should Greece loosen its fiscal and monetary stance?
byThe International Monetary Fund (IMF) confirmed that Greece had not made its scheduled 1.6 billion euro loan repayment to the fund. As a result…
Timeo Danaos (et Romanos)
byIt is now largely overlooked, but the 19th century had its own precursor to EMU in the shape of the Latin Monetary Union, set…
A Complete Guide to European Bail-Out Facilities – Part 2: Target2 & EFSF / ESM
by[This is from 2013, first published here http://bawerk.net/2013/09/05/a-complete-guide-to-european-bail-out-facilities-part-2-target2-efsf-esm/] Today we present the Target2-system and the fiscal bail-out facilities in our series on European efforts…
A Complete Guide to European Bail-Out Facilities – Part 1: ECB
by[This is from 2013, first published here http://bawerk.net/2013/09/03/a-complete-guide-to-european-bail-out-facilities-part-1-ecb/] Over the last couple of years we have been tracking the various bail-out schemes concocted by ingenious…