The (ominous) problem with global liquidity
Errata in the effects of QE corrected 10/21. Market liquidity… Read More »The (ominous) problem with global liquidity
Errata in the effects of QE corrected 10/21. Market liquidity… Read More »The (ominous) problem with global liquidity
The Eurozone is a fragile financial mammoth. While its GDP lacks the US by around $3 trillion, assets of the banking sector are some 240 percent of GDP vs. around 90 percent in the US. It has been kept standing only through the large-scale asset purc…
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… Read More »Central bank, my Libor’s keeper?
Since early February, the financial markets have been wobbly. After the deep plunge (worst point-wise fall) of the Dow Jones in February 5, the stock markets have recovered but the market volatility has remained elevated. Many have blamed the rising…
During the first weeks of the 2018, the asset markets… Read More »The world economy is set to fall