The Fed celebrates its 100th birthday
byCobden Centre fellow John Phelan has written an article for US edition of the Wall Street Journal – The Fed Celebrates Its 100th Birthday…
Federal Reserve
Debt limit nonsense
bySome things are stated as fact which are nothing of the kind. Right up until the Congressional deal raising the debt ceiling news anchors…
How much longer will the dollar be the reserve currency?
byWe use the term “reserve currency” when referring to the common use of the dollar by other countries when settling their international trade accounts….
That US debt ceiling and the Fed
byWe are now into a second week of a partial Federal Government shut-down, which is causing considerable concern, centred on the Government’s ability to…
The four words that define western economic policy
by“The goods and services traded on the semi-secretive website Silk Road since February 2011 with the virtual currency Bitcoins were so varied that the…
Central bank balance sheets
byNow that there is growing evidence of GDP growth, we must consider a new topic: the likely effect on central bank balance sheets, using…
Taper (where?) party
by“This took guts.” – Comment by Steven Ricchiuto of Mizuho Securities in response to the Federal Reserve’s surprise decision to refrain from “tapering” its…
No tapering, no surprise
byIt was not too surprising that there is going to be no tapering for some very good reasons. The commencement of tapering would have…
End of QE? – I don’t buy it
byA new meme is spreading in financial markets: the Fed is about to turn off the monetary spigot. US Printmaster General Ben Bernanke announced…
Playing with fire
byOnce again, the European press is trumpeting the triumph of the prodigals after a week in which both the Spanish and the French were…