Fed Forecasts: Financial Sport or Costly Distraction?
byFor some reason, the Fed continues to publish the Summary of Economic Projections (SEP), in which Federal Open Market Committee (FOMC) members guess the trajectory of…
Economics
The Great German and Austrian Inflations, 100 Years Ago
byThis year marks the 100th anniversaries of the great German and Austrian inflations that began with the coming of the First World War in…
The Counterproductive Antitrust
byDiscover the discoordination and conflicting interests within government and how it impacts the war against Big Tech. Find out why the private sector may…
There’s a Herd of Elephants in the Room
byAmong the many problems currencies the markets face, there is one that is undocumented: the eurodollar market. This is yet another very large elephant…
Time preference is the key driver of interest rates
byBy Dr Frank Shostak By popular thinking, whenever the central bank raises the growth rate of the money supply through the buying of financial…
Say’s Law Says It All
byAs the world descends into a much-heralded recession, the surprise will be that interest rates will continue to rise as economic activity contracts. This…
UK market report on the growth of merchant adoption of Bitcoin and the Bitcoin social network.
byBy James Dewar Introduction This report has been prepared as a submission to The Cobden Centre, a UK thinktank. The report reviews factors related…
How a CBDC Created Chaos and Poverty in Nigeria
byIt is no coincidence that Nigeria, with a population of over two hundred million, became the first serious global testing ground for central bank…
Economic growth and savings
byBy Dr Frank Shostak The US consumer sentiment index as compiled by the University of Michigan fell to 69.5 in August from 71.6 in…
Beware the great unwind
byThis chart strongly suggests that US Treasury bond yields, widely regarded as the risk-free yardstick against which all other credit is measured are going…