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Financial MarketsGlobal Economy
A new banking crisis is not only in the making, for which the repo problem serves as an early warning, but it could escalate quite rapidly.
There seems to be an increasing consensus that a global recession is coming soon. The good news is that the Spanish private sector is much better prepared than it was in 2007.
The FedFinancial MarketsMoney and Banks
Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price.
Financial MarketsU.S. EconomyBusiness CyclesMoney and Banking
The destruction of capital, economic and otherwise, is contrary to every human impulse.
Financial MarketsU.S. EconomyBusiness CyclesCapital and Interest Theory
To understand what an inverted yield curve means, you must first understand what the yield curve is.
Financial MarketsGlobal EconomyMoney and Banking
If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.
Booms and BustsFinancial MarketsGlobal Economy
While much of the media remains focused on Trump and trade, the greatest threat to the Chinese economy may be reckoning with a massive financial bubble from within.
Financial MarketsMoney and BanksMoney and Banking
The fact that the most conservative investors are being forced to purchase bonds of nearly bankrupt companies for virtually no yield is not a success of monetary policy nor a tool for growth.
Financial MarketsMoney and Banks
The market probably interprets correctly that the European Central Bank will become even more dovish under Lagarde. This will encourage more risk in the financial system.
Financial MarketsGlobal EconomyMoney and Banks
Since Libra is an extended arm of the current financial system, first-world economies could benefit at the cost of developing economies.