The civilized history of finance and markets
We continue our financial history series by going through the… Read More »The civilized history of finance and markets
We continue our financial history series by going through the… Read More »The civilized history of finance and markets
Banking is at the heart of modern economic systems. The… Read More »The forgotten history of banking
Many erroneously believe that we are heading into a sustained… Read More »Outlook for the World Economy
Recently there has been an increased interest in digital currencies.… Read More »Are Central Bank Digital Currencies a threat to the financial system?
The Federal Reserve system made a future financial panic or… Read More »The Fed and the looming capital market meltdown
Since we first warned about the dire impact of the… Read More »The economic end scenarios of the Covid-19 pandemic
The massive emergency easing measures enacted by the Fed over the weekend to inject liquidity into the global financial system are a sign of sheer panic. Both their sheer scale, and radical extent–including cutting rates to zero, $700 billion in new…
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…
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…
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…