Consumer Demand Does Not Lead to Jobs and Output
byBy Jai Khemani Jai recently got 2 A*s and an A in his A levels and is now looking forward to university. Jai is particularly…
Economic Cycles
Keynote Speech Published in German Economics Journal ORDO
byMy keynote speech at the Future of Money Conference in Leipzig last year has been published in ORDO, one of the oldest and most…
May Day
by“Japan was the dress rehearsal; the rest of the world will be the main event.” Investor in Japanese stocks, known to this correspondent, circa…
The Heat Death of the Economic Universe
byPhysicists say that the universe is expanding. However, they hotly debate (pun intended) if the rate of expansion is sufficient to overcome gravity—called escape…
Wealth-Destroying Zombies
byThe hot topic in monetary economics today (hah, if it’s not an oxymoron to say these terms together!) is whither interest rates. The Fed…
Inflation or Employment
byInflationary fears are growing and US rates continue to rise Employment has become more flexible since the crisis of 2008/2009 Commodity prices have risen…
Economics 101: Who Sets Prices?
bySince the advent of nineteenth century socialism, politicians and economists in the centre ground have argued for a balanced approach, where vital services are…
What to expect from Central Bankers
byThe Federal Reserve continues to tighten and other Central Banks will follow The BIS expects stocks to lose their lustre and bond yields to…
The Looming Mortgage Liquidity Crisis
byBy Doug French Every 10 years or so there is a banking crisis. We are due. However, the furthest thing from most people’s minds with…