Central bankers are ‘running down the clock’
Asset markets in the U.S. are flirting with a ‘bear… Read More »Central bankers are ‘running down the clock’
Asset markets in the U.S. are flirting with a ‘bear… Read More »Central bankers are ‘running down the clock’
We have been highly critical of the ‘unorthodox policies’ of… Read More »Why CBDCs should never see the light of day
We are approaching a critical turning point in the history… Read More »The long history of money
From time-to-time historically, national authorities have resorted to financing by… Read More »Is hyperinflation on the horizon?
In May, we published a Special Report detailing the potential… Read More »The second wave of the Coronavirus is here. What next?
In this blog, we present the anatomy of a financial… Read More »The anatomy of a financial crisis
One thing missing from basically all economic analyses of the… Read More »The approaching European (global) banking crisis
We have been warning about the impending economic crisis since March 2017. Central bankers and Chinese leaders have been able to postpone the onset of the crisis for…
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…
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 …