Money-Supply Growth Drops Again — Falls to 108-Month Low
The last time the money supply grew at a smaller rate was during August 2008.
The last time the money supply grew at a smaller rate was during August 2008.
The ECB has been trying to weaken the Euro. The relative weakness of the US dollar, however, continues to make the Euro look good by comparison.
Many claimed that Fischer was an inflation hawk, but he was really a cheerleader for quadrupling of the Fed’s balance sheet and more.
Cryptocurrencies are an important step in the right direction. But thinking that we are magically creating new stores-of-value is a profound mistake.
A zombie company merely survives thanks to the constant refinancing of its debt. Thanks to central banks, their numbers are alarmingly large.