The Arrival Of The Credit Crisis
byThose of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to…
Economic Cycles
My speech in the European Parliament on the coming economic collapse
byZero percent interest rates have created the largest bubble in human history, when it bursts it will be worse than 1929.
The ECB’s Quantitative Easing Was a Failure — Here Is What It Actually Did
byBy Daniel Lacalle The main reason why the ECB quantitative easing program has failed is that it started from a wrong diagnosis of the eurozone’s…
Time Is Money, Money Is Time
byLife’s but a walking shadow, a poor player who struts and frets his hour upon the stage and then is heard no more. -Macbeth…
Emerging Market Sensitivity to US Monetary Policy – What does the Fed think?
byEmerging market currencies have suffered from US interest rate increases The Dallas Fed proposes reserve/GDP ratio as a simple indicator of stress If tightening…
The Fed Is Tightening More Than It Realizes
byby Benn Steil and Benjamin Della Rocca at CFR https://www.cfr.org/blog/fed-tightening-more-it-realizes Before the 2008 collapse of Lehman Brothers, the Fed’s balance sheet stood at $925 billion—mostly U.S. Treasury securities. After…
How are Chinese stocks responding to tariffs with the US and a slowdown in Asian growth?
byDespite US tariffs, China’s September trade balance with the US reached a record high A number of China’s Asian neighbours have seen a deceleration…
Risky business
by“In 1961, at the height of the Cold War, a B-52 bomber carrying two Mark 39 thermonuclear bombs accidentally crashed in rural North Carolina….
What Can Kill a Useless Currency
byThere is a popular notion, at least among American libertarians and gold bugs. The idea is that people will one day “get woke”, and…
Not waving but drowning – Stocks, debt and inflation?
byNot waving but drowning – Stocks, debt and inflation? The US stock market is close to being in a corrective phase -10% off its…