Almost all economists and the vast majority of the general population erroneously believe that central banks are, basically, indestructible. And most fail to appreciate that central banks are different from normal commercial banks in just two respect…
Global stock markets have been wobbly after the Federal Reserve failed to impress and the trade war heated-up. Combined with the weakening global economic outlook, there are not many reasons for stocks to rally.
Many are also wondering about the d…
This post has been co-written with Dr. Peter Nyberg.
Japanification is a term that has re-emerged recently. It r…
As expected, increased ’dovishness’ by the Fed has gotten markets rallying. Both the S&P 500 and DJIA have touched new highs. From the perspective of late last year, such massive rallies seemed unlikely indeed. While some kind of a Fed pivot was …
Since our recession call in March, we have received a fair number of questions about how and why. To give a clearer picture of our view, and on our services, we are publishing …
The world is on the brink of something new. We have been analyzing and detailing the approaching economic crisis since March 2017. We have shown that central banks a…
We have been warning of the possibility of a global economic collapse since March 2017. After documenting the path the crisis is likely to take in Read more »
Errata in the third paragraph (“steepening” -> “flattening”) corrected in 04/08.
Yield curve inversion has spooked the markets. In all honesty, it should not have come as a surprise. After the Federal Reserve pivoted early January and …
Some have started to speculate that the world economy will
It is estimated that over 14% of companies in the S&P 1500 are zombies. In China, roughly 20 percent of A-sha…
For some years now, we’ve been very wary of the legitimacy of the “economic recovery”.
The global slowdown has been much discussed lately. A slowdown in Europe and China was considered to be the main reason for the December stock market rout combined with the balance sheet normalization (QT) program of the Federal Reserve. What is behi…