Financial Markets

The Fed overestimated the robustness of the economy, underestimated the level of addiction of the markets to cheap money, and it was way too quick to proclaim a “full recovery” from the crisis.

While some governments have sought to wage war against cryptocurrencies, Switzerland is striving to become a "crypto-nation." 

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.

Central banks pretend all these benefits come at no cost to anyone. Unfortunately, we all ultimately pay the price. 

As I learned growing up in Allegheny County, the sign that reads, "Keep out, Property of Allegheny County," does not refer only to those who live outside the county.

Economist Bob Murphy joins Jeff Deist to make sense of the nonsensical world of negative interest rates.

The destruction of capital, economic and otherwise, is contrary to every human impulse.

To understand what an inverted yield curve means, you must first understand what the yield curve is.