Financial Markets

Displaying 51 - 60 of 915

The US Dollar Collapse Is Greatly Exaggerated

Financial MarketsGlobal Economy

Blog09/14/2020

The United States currency has only really weakened relative to the yen and the euro, but that depends on optimistic expectations of a European and Japanese economic recovery.

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Bankruptcies Rise Despite Trillions in New Liquidity

Booms and BustsInflationFinancial Markets

Blog09/07/2020

Liquidity only disguises risk; it does not resolve solvency issues driven by collapsing cash flows while costs remain elevated.

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Monetary and Fiscal Sorcery Make Home Price Magic

Booms and BustsFinancial Markets

Blog09/03/2020

Just how is this magic created? The spurring of demand in the midst of a covid-created depression. The wizards at the Fed and Treasury have created an intoxicating frothy brew for stock and home buyers alike.

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How Fear and Uncertainty Drives Demand for Gold

InflationFinancial Markets

Blog08/19/2020

Demand for gold tends to increase as faith in government and government intervention in the economy declines.

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As the Bubble Slowly Pops, the Economic Chain Reaction Is Now in Progress

Booms and BustsFinancial MarketsPrice Controls

Blog08/18/2020

Our high levels of malinvestment mean that negative interest rates will not have the steroidal effect that's hoped for. But they will deliver another few years of subpar debt-fueled economic activity.

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The Debt-Inflation Spiral Is Driving up the Demand for Gold

Central BanksFinancial MarketsMoney and Banking

Blog08/15/2020

It is often claimed that inflation reduces the true burden of debt. This is true for existing debt, but those who advocate it as a remedy for government indebtedness fail to understand that it also increases the cost of the government’s future debt.

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Are Negative Rates a Natural Historical Development?

Financial MarketsInterventionism

Blog08/12/2020

Central bankers are saying two things at once. First, they say that negative interest rates are a natural historical development. But then they say negative rates are an essential tool central banks are using to manipulate the economy.

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Throwing Printed Money at This Problem Won't Make It Go Away

Booms and BustsFinancial MarketsU.S. History

Blog08/10/2020

The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.

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Swamponomics: Trump's Fed Pick, a Kodak Moment, and GDP Misinformation

Cronyism and CorporatismThe FedFinancial Markets

Blog08/08/2020

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

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Yes, QE Creates Wealth Effects

The FedFinancial MarketsMonetary Policy

Blog07/24/2020

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

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