Global EconomyMoney and BanksMoney and Banking
Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.
Financial MarketsGlobal EconomyMoney and Banks
Argentina has all the ingredients to be a global leading economy, but current policy makes the country a promise that always disappoints.
The biggest “success” of the ECB has been the massive bailout of governments at the expense of savers.
Money and BanksMoney and Banking
Eurozone banks are better off than they were three years ago. But they are nowhere close to having solved their challenges.
Money and Banks
Claims that private-money production is too expensive usually ignore the many costs of a government-controlled money system.
Financial MarketsGlobal EconomyMoney and Banking
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
The FedFinancial MarketsGlobal Economy
We have been hearing from central banks that we were living in a synchronized growth territory. Well, it wasn’t the case.