How Gibson’s paradox has been buried
byUntil the 1970s, all recorded history showed that bond yields were tied to the general price level, not the rate of price inflation as…
Economic Cycles
The Credit Cycle Is On The Turn
byWe are on the verge of moving into an era of high interest rates, so markets will behave differently from any time since the…
Happy anniversary
by“They have learned nothing, and forgotten nothing.” Attributed to Talleyrand. Since everybody else in financial media has been indulging in an orgy…
Everything is awesome
by“What explains the complacency? One reason might be the absence of good ideas.” Martin Wolf in the Financial Times (‘Why so little has…
Canary in the coal-mine – Emerging market contagion
byEmerging market currencies, bonds and stocks have weakened Fears about the impact of US tariffs have been felt here most clearly The risk…
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…
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…
Living Dangerously
byRegular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms…
Central Banking: It’s alive!!
byIn his recent posting on Linked In, entitled, ‘The death of macro-prudential’, Stuart Trow of the EBRD delivered a well-aimed broadside at the pitiable…
Monetary Fallacies and Inflationary Bubbles
byLooking to the next few years ahead, is America and the world going to continue riding a wave of economic growth, improving standards of…