Financial Markets

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.

Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".

People do not save and accumulate capital because there is interest. Interest is neither the impetus to saving nor the reward or the compensation granted for abstaining from immediate consumption. It is the ratio in the mutual valuation of present goods as against future goods.

If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.

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.