The FedGlobal EconomyMoney and Banking
The repo crisis — and it is a crisis — is telling us that liquidity providers are aware that the price of money, the assets used as collateral and the borrowers’ ability to repay are all artificially manipulated.
Global EconomyMoney and BanksMoney and Banking
The eurozone economy is slowing down. The solution isn't more fiscal and monetary stimuli.
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.