Debt addiction, USA: how much debt reduction has the crisis caused?
byThe purpose of this essay is to put the latest crisis in the context of longer-term debt trends in the US and to attempt…
asset bubble
Did the savings glut or massive monetary expansion cause the boom and the bust?
byAmbrose Evans-Pritchard recently pinned the blame for the financial crisis on “Asia’s `Savings Glut’”. This idea is not new. For readers who may have missed…
ECB money injection not a reason for optimism
byAre you feeling optimistic yet? Are you confident that policy-makers have things under control? – If so, you must believe that we can solve…
Phases of the crisis – are we approaching the endgame?
byPhase 1: Greenspan, the arch money crank The Greenspan “put”, and the collective adoption by most central bankers of low interest rates after the…
My Journey to Austrianism via the City
byI have spent the best part of the last two decades pitting my wits against the market. It’s an unforgiving game: I’ve seen ups and downs, and many of my rivals buried under an avalanche of hubris, passion, illogical thought and unchecked emotion.
I have witnessed the sheer folly of the ERM crisis, the Asian crisis, the failure of the Gods at Long Term Capital Management and the insanity of the tech boom.
I have enjoyed the ‘NICE’ decade (Non-Inflationary Constant Expansion), and scared myself silly during the credit crisis.
I am a trader. […]
Money is not working.
byA speech to the Policy Exchange on 31st March 2009 by Cobden Centre sponsor James Tyler. This article first appeared on hedgehedge.com but it…
What is money?
byIn their working paper Assessing UK money supply measures in the light of the credit crunch, Toby Baxendale and Anthony J. Evans provide a better measure of the money supply. In this article, Steven Baker explores the background to the paper and indicates some key findings.
Greg Mankiw Ponders Greenspan’s Paper the Crisis and Considers 100% Reserves
byWe are grateful to Robert Arbon for pointing out this article on Greg Mankiw’s Blog: I just returned from the spring meeting of the…
The Zimbabwe Stock Market
byThis is a great news report from Zimbabwe via Al Jazeeera. It examines the ‘fantastic returns’ on the Zimbabwe stock exchange – and how…
China’s empty city
byIs an Austrian style boom followed by a bust just about to happen in China? See this video sent to us by Catlin Long,…