Can sophisticated technology prevent a recession?
byThe world has come a long way since the heady days before the Great Depression of the 1930s. Technology, for one thing, has meant…
Economic Cycles
Mish Shedlock: In Search of Elephant in Room, Fed Governors Come Up Empty
byFed Governor Jerome Powell says “Signs of excesses are ‘isolated’. Asset Prices ‘not broadly unsustainable’“. The Federal Reserve does not see “broadly unsustainable asset…
Bawerk.net: Chinese Philosopher Kings, Losing their Yuan FX Religion?
byIt took a while, but the world are slowly coming to grips with the simple fact that the red-suzerains in Beijing are not the…
Jeffrey P. Snider: One Small (But Important) View of ‘Dollars’ From Europe
bySource: http://www.alhambrapartners.com/2017/01/03/one-small-but-important-view-of-dollars-from-europe/ Nothing says “fixed” quite like bureaucrats responding to a past crisis they did not foresee (and in the case of European bureaucrats, actively…
Bawerk.net: How to Invest in the New World Order
byIn our latest Toward a New World Order, Part III we ended by promising to look closer at investment implications from the political and…
Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
byNext year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
The Eventual Impact of Rising Bond Yields. Further Cracks Appearing in the ‘Global Consensus’ of Bank Supervision.
byCentral Banking Global Bond Market Yields are Rising The ECB’s recently announced 6 month extension of its QE programme reminds us that the speed…
Benn Steil: Is the Emerging Market Currency Plunge Really About Trade?
byEmerging market (EM) assets have taken a beating since Donald Trump’s surprise election victory on November 8. EM bond prices are down 4.4 percent,…
There Are Two Types of Credit — One of Them Leads to Booms and Busts
byIn the slump of a cycle, businesses that were thriving begin to experience difficulties or go under. They do so not because of firm-specific entrepreneurial…
Interview with Gordon Kerr on Bloomberg TV Bulgaria
byKI Gordon, what is so significant about this September securitization deal for Banco Popolare di Bari? GK It is the most significant event…