The end of the most manipulated business cycle — ever
Whatever has the nature of arising, has the nature of… Read More »The end of the most manipulated business cycle — ever
Whatever has the nature of arising, has the nature of… Read More »The end of the most manipulated business cycle — ever
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 economic crisis brewing in Turkey seems to have surprised… Read More »Turkey: A harbinger of a global debt crisis?
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”.
Several economic indicators have turned to the south at the… Read More »Zombies and the end of the ‘global synchronized recovery’
During the first weeks of the 2018, the asset markets… Read More »The world economy is set to fall
The debt-stimulus of China and the pro-business policy of Donald Trump have given a strong lift to the global economy, but the imbalances behind the façade of this economic expansion continue to grow. These detrimental development during the past 9 years is currently converging towards a “perfect storm” likely to engulf the global economy within two years.