The looming derivative crisis
byThe powerful forces of bank credit contraction are at the heart of a rapidly evolving financial crisis in global derivatives, whose gross value is…
Economics
What happens Under Our Present System When Governments Create Money?
byLock-down is an ideal time to consider some simple truths that we’re normally content to ignore. If we want to reclaim our world and…
The destructive force of bank credit
byCommentators routinely confuse the deflationary effects of a contraction of bank credit with the inflationary effects of central bank policies designed to offset it….
Before Coronavirus
by“In order to succeed, you must first survive.” Nassim Nicholas Taleb. “I am certain that my fellow Americans expect that on…
Cost cutting and economic growth
bySome commentators regard cost cutting by companies in order to secure profits as a major threat to the economy. They hold that if…
Why the Fed’s Bazooka Will Not Stop a Wave of Corporate Defaults
byBy Benn Steil and Benjamin Della Rocca Acknowledging the enormous threat to jobs and incomes posed by the coronavirus epidemic, the Federal Reserve on…
The Fear Factor of Europe’s Public Debt
byby Elisabeth Krecké Global debt has surged spectacularly in recent years and now stands at an all-time high of more than 322 percent of…
The Global Economy Won’t Bounce Back Soon
byIn February, the general consensus between large investment banks and supranational entities was that there would be a one-time hit to GDP in the…
Weeks where decades happen
by“There are decades where nothing happens; and there are weeks where decades happen.” Lenin “My daughter just said to me, ‘Daddy, the stock…
To Kill Markets Is the Worst Possible Plan
byomentous events usually leave strong memories on those who have lived through them, and those memories often become passed on to later generations in…