Benn Steil: The Trump-Sanders China Syndrome
byPresidential candidates Donald Trump and Bernie Sanders, with a phalanx of lawmakers behind them, continue to bash China as a “currency manipulator.” Both men…
monetary policy
I Love the Smell of Napalm in the Market
byThat usually perceptive and always interesting observer of the financial Zeitgeist, Bloomberg’s estimable Mark Gilbert, has just penned an article entitled: “Milton Friedman’s ‘Helicopter…
Mario meets Spinal Tap
byNot only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Zero Hedge: “Cheerleader” Fed Loses Credibility: Big Funds No Longer Trust The ‘Dot Plot’
byFor the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
David Stockman: Thanks For The Corporate Bond Bubble, Fed
byOnce upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That…
Everything changes at zero
by“Then said Jesus, “Father, forgive them; for they know not what they do.”” – Luke 23:34. For the benefit of non-subscribers, there are two…
Shorting the yuan is dangerous
byLast Sunday (31 January) Zero Hedge ran an article drawing attention to the big names in the hedge fund community who are betting heavily…
James Turk, John Butler, and Alasdair Macleod on the outlook for 2016
byOn Wednesday, 13th January, James Turk interviewed Cobden Centre contributors John Butler, head of GoldMoney’s wealth services, and Alasdair Macleod, head of GoldMoney’s research,…
Falling Interest Causes Falling Profits
byMost people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in…