The European Banking Can Nears the End of the Road
by“The key thing to know about Lehman Brothers is that it did not cause the financial crisis, it revealed the financial crisis”[1] Central Banking…
Economic Cycles
Is the glut of saving behind downtrend in natural interest rate?
byIn his speech at the New York Federal Reserve of New York on October 5 2016 the Federal Reserve vice Chairman Stanley Fischer has…
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 2
bySource: 1propaganda.com Central banks appear more powerful than at any time in their history – has something changed? Not really – because of…
A history of Fractional Reserve Banking – or why interest rates are the most important influence on stock market valuations? Part 1
byEditor’s Note: The following history of fractional reserve banking, by Colin Lloyd, was kindly written especially for The Cobden Centre. William Hogarth – The…
It ain’t getting easier for central bankers . . .
byDoubts about post-crisis monetary policy are finding their way into the mainstream with increasing regularity. What tipped the balance? Two main things, I think….
David Stockman: The Apotheosis Of Bubble Finance
byThe inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
The mass escape from reality
by“..Built into the speculative episode is the euphoria, the mass escape from reality, that excludes any serious contemplation of the true nature of what…
The crack-up boom has already begun
by“Negative interest rates are not the fault of central banks” Martin Wolf column for the Financial Times of 12 April, 2016. From ‘Human…
Benn Steil: Portugal Gaining on Italy in the Banking ‘Doom Loop’
byItalian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping €360 billion in…
A crisis of intervention
by“For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away…