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 ...
2019 has started more calmly after a very volatile year-end [...]
The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the 'black hole' the global economy is about to get sucked into. The hole has two...
Whatever has the nature of arising, has the nature of [...]
Errata in the effects of QE corrected 10/21. Market liquidity [...]
The Eurozone is a fragile financial mammoth. While its GDP [...]
The general storyline of the Global Financial Crisis (GFC) goes about like this: funds from all over the world headed to the US, where the banks, to finance the housing market boom, developed unsound financial products which then brought down the glo...
The sudden and fast rise in the London Interbank Offered [...]
Since early February, the financial markets have been wobbly. After [...]
During the first weeks of the 2018, the asset markets [...]
