Negative rates, Negative Outcomes
byThere has been much head-scratching of late as to why, with interest rates lower than they have been since the Universe first exploded out…
February, 2016
Jittery January Markets – Does the ECB have Contingency Plans?
byThe ECB must be aware that investors’ confidence in stock markets, particularly bank shares, dropped in January. If contingency plans exist, they are likely…
Everything changes at zero
by“Then said Jesus, “Father, forgive them; for they know not what they do.”” – Luke 23:34. For the benefit of non-subscribers, there are two…
Eugen Von Bohm-Bawerk: Leading Austrian Economist And Finance Minister Of Fiscal Restraint
byWe live at a time when politicians and bureaucrats only know one public policy: more and bigger government. Yet, there was a time when…
Your do-it-yourself front page financial Armageddon story
by“The media select, they interpret, they emotionalize and they create facts.. The media not only reduce reality by lowering information density. They focus reality…
The Follies and Fallacies of Keynesian Economics
byEighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John…
Whatever it Takes?
byIn the midst of all the recent uproar, one anonymous Twitterer seized his chance to have his Uber-Warholian, 140-characters-of-fame moment and thundered: ‘Central banks…
Why did Japanese NIRP cause such surprise in the currency market and is it more dangerous?
byThe Bank of Japan announcement of NIRP sent shock waves through currency markets The Yen has strengthened on capital repatriation since the BoJ move…
CityAM Op-ed on Blockchain Technology and Friedrich von Hayek
byI had an op-ed published by CityAM last Friday, it goes into how blockchain technology will enable FA Hayek’s vision of an economy that…
Benn Steil: Could China Have a Reserves Crisis?
byLast summer, U.S. lawmakers were condemning China for pushing down its currency, arguing that it was still “terribly undervalued.” But those days may be…