Because of the current extraordinary political and economic situation of… Read More »Our December 2020 forecasts for the World Economy
Stock markets have been wobbly of late. The peak in… Read More »Are we heading to another ’Great Crash’ (of 1929)?
The Federal Reserve system made a future financial panic or… Read More »The Fed and the looming capital market meltdown
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…
For some years now, we’ve been very wary of the legitimacy of the “economic recovery”.
Whatever has the nature of arising, has the nature of… Read More »The end of the most manipulated business cycle — ever
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…