Q-Review 2/2018: Duck and Cover!
The world economy is hurtling towards a global crisis. The… Read More »Q-Review 2/2018: Duck and Cover!
The world economy is hurtling towards a global crisis. The… Read More »Q-Review 2/2018: Duck and Cover!
We’ve been warning on the risks of so called unorthodox central bank policies, including zero and negative interest rates and asset buying programs, for several years (see, e.g. this, this and this). Now, the era of global quantitative tightening, enacted by the Federal Reserve, will bring an end to the “global synchronized growth”.
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…