ECB Excesses
byWith last week’s report of monetary developments in the Eurozone, we again have evidence both of Draghi’s monetary monomania and of the sheer futility…
monetary policy
New information technology and economic growth
byIn his article The Big Meh (The New York Times 28 of May 2015) the columnist Paul Krugman complains that despite all the information…
Major drag, huh ?
by“We’re not gonna make it, are we ? People, I mean.” “It is in your nature to destroy yourselves.” “Yeah. Major drag, huh ?”…
The UK Left’s Political Martyrdom: Welcome to the Church of State
byProgressives are a Faithful lot. They live, and die, by a Creed. Welcome to the Church of State. We saw the religiosity at work…
Unsafe at any price
by“Everyone is bullish. Contrarians know that must be bearish. However, everyone has been bullish for a while, yet the S&P 500 rose to a…
Why deflation is unlikely
byFinancial markets are becoming aware that the US economy is stalling, so investors increasingly take the view that with demand likely to stagnate or…
Monday Morning Macro
by[This piece first appeared here: http://truesinews.com/2015/04/27/monday-morning-macro/] Though the punditocracy has become much more aware of the sheer scale of China’s equity bubble in recent weeks,…
Gold, the SDR and BRICS
byLast Monday there was a meeting in Washington hosted by the Official Monetary and Financial Institutions Forum (OMFIF) to discuss the future relationship, if…
On billionaire altruist lunatics..
byFacts do not cease to exist because they are ignored. – Aldous Huxley. There was once a time, perhaps, when unprecedented things happened…
The over-valued dollar
byThere are two connected reasons usually cited for the current dollar strength: the US economy is performing better than all the others, leading towards…