The long march of the bezzle
by“China’s HNA Group said on Wednesday that Wang Jian, 57, the group’s chairman and co-founder, accidentally fell and died from his injuries during a…
Economics
Why gold standard is not conducive of boom-bust cycles?
byAccording to some commentators on the gold standard, an increase in the supply of gold generates similar distortions that money out of “thin…
Irrational Beliefs Are Ruling Markets
byTo understand the consequences of the credit cycle, we must dismiss pure opinion, and examine the evidence rationally. This article assesses the fate of…
Does economic growth cause inflation?
byMost experts are of the view that as the economy gains strength the Fed must step in at some stage and introduce a tighter…
The Benefits of Issuing Gold Bonds
byA gold bond is debt obligation that is denominated in gold, with interest and principal paid in gold. As I will explain below, it’s…
Free Market Capitalism as the Antidote to the World’s Ills
byIn following the daily news events both in the United States and around the rest of the world, it is easy to get lost…
The growing pool of real savings permits the illusion that central bank can cause economic growth
byMany commentators are of the view that the US central bank should pursue policies that will prevent the possible decline of the economy…
Deutsche Bank’s Troubles Raise Worries About the Future of the Euro Zone
byThe euro banking sector is huge: In April 2018, its total balance sheet amounted to 30.9 trillion euro, accounting for 268 per cent of…
Italy and the repricing of European government debt
byThe yield spread between 10yr BTPs and Bunds widened 114bp in May Populist and anti-EU politics were the catalyst for this repricing of…
China is in Trouble
byBy Ronald-Peter Stöferle Mark J. Valek Before we discuss the economic situation of China, a few words about China’s strongman, Xi Jinping. The “new…