Special report on surviving the economic collapse
The coronavirus has delivered a devastating blow to a fragile… Read More »Special report on surviving the economic collapse
Central banks
The worst economic collapse ever?
The global collapse would bring in its wake massive unemployment, poverty and the re-structuring of our whole social and economic order.
Q-Review 1/2020: Estimating the economic impact of the coronavirus
As shown by the ghastly February PMI prints from China, the coronavirus is about to hit the global economy like a sledgehammer. It has already caused serious disruption in production, air travel and commerce worldwide. And more is on the way.
Howe…
Q-Review 4/2019: Into the Abyss
The economic calm which has succeeded the turbulent conclusion to 2018 was abruptly shattered on the 16th of September. On that day, rates in the repo markets spiked by 248 basis points to more than double the overnight lending rate of the…
Repo-market turmoil: staring into the financial abyss?
One thing has been bothering us for six years. How can so many economists and economic commentators dismiss the ever-increasing market meddling of central banks so lightly?
The first time we warned about this possible threat to financial markets w…
China (and the world economy) at the end of the road
We have been monitoring China closely since March 2017. We were one of the first to show that China had driven the global business cycle since 2009 and that the rem…
The destruction of the European banking sector
For some reason, the dire situation of European banks is not causing further alarm. This is strange, as it is the exact place where the new global banking crisis is likely to start.
What makes it even stranger is that recession is approaching the …
Don’t trust the liquidity
There is renewed hope in the markets after central banks, most-recently the ECB and China, have added easing measures. The working narrative is that these will, once again, renew global growth and allow governments, corporations and consumers to go e…
Q-Review 3/2019: The Endgame
A recession is approaching. Almost anywhere in the world one looks, economic indicators are in decline. As we have argued since March 2017, the coming recession wil…
Will central banks survive?
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…