Financial Markets

Displaying 51 - 60 of 861

We’re All in This Together. But Not in the Way You Think.

CapitalismFinancial MarketsMedia and Culture

Blog05/20/2020

Some claim "the rich" will be fine—or even better off—after the COVID panic destroys the economy for most of us. But there's a problem: the wealthy depend heavily on an economy fueled by the production and consumption of all workers and entrepreneurs.

Read More

Can Monopoly Money Save the Stock Market? Or Will It Buy Stagnation?

Financial MarketsMonetary Policy

Blog05/12/2020

Rather than spurring real economic gains, the Federal Reserve’s unorthodox QE program has supported and extended the debt grid and generated asset exuberance. But this can only go on as long as there's capacity for more debt.

Read More

Negative Interest Rates: Rewarding Profligacy

Financial MarketsMonetary Policy

Why would an investor buy a bond that pays a negative interest rate? The answer lies in understanding how central banks manipulate the economy.

Read More

Why Has There Been So Little Consumer Price Inflation?

InflationFinancial Markets

Blog05/11/2020

Prices of consumer goods have grown rather slowly in spite of sizable money supply growth. Why is there a gap?

Read More

How This Crisis Differs from the 2008–2009 Financial Crisis

Booms and BustsInflationFinancial Markets

Blog05/09/2020

In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.

Read More

This Bust Wasn't Caused by a Virus

Booms and BustsFinancial MarketsLabor and Wages

Blog04/24/2020

The COVID-19 panic may have sped up the beginning of this economic crisis, but the virus wasn’t the cause. The real cause of the crisis was the boom that came before it.

Read More

Why Markets Are Rallying as Millions Become Unemployed

Booms and BustsThe FedFinancial Markets

Blog04/21/2020

Wouldn’t you feel great knowing that your stock picking is fully insured by the Fed? Billionaires and wealthy hedge fund managers know the feeling.

Read More

Builders in Denial

Booms and BustsFinancial Markets

Blog04/13/2020

This year, as in 2006, the real estate industry is in denial about the state of the economy.

Read More

The Pandemic Exposed the Frailty of the Financial System

Booms and BustsFinancial Markets

Blog04/04/2020

Contrary to Fed assumptions, we are not presently facing a problem of liquidity vis-à-vis Great Recession; we are confronted, instead, with a serious shortage of quality collateral.

Read More

Keynes and the Euthanasia of the Rentier

Financial MarketsCapital and Interest TheoryOther Schools of Thought

Blog04/04/2020

Over eighty years ago, Keynes condemned the rentier and welcomed his future disappearance. Following in his footsteps, politicians and central bankers today are ever closer to effectively bringing this about.

Read More
Shield icon library