A responsible financial institution would not extend a new loan of between 17 and 40 billion dollars to a borrower already struggling to pay back an existing multi-billion dollar loan. Yet that is just what the International Monetary Fund (IMF) did last month when it extended a new loan to the government of Ukraine.
First, he started up a new blog, and now Ben Bernanke has agreed to an exclusive interview with the Mises Institute for Mises Wire. We sent our correspondent Mateusz Machaj to speak with Ben about business cycles, 100 percent certainty, and why it’s different this time.
Not only are stock markets near all time highs, the amount of margin debt is also at all time highs. Margin debt is money borrowed to leverage the purchasing power of portfolios.
Per Bylund spoke about why Sweden is held up as an example of socialist success on the Political Badger show.
There’s more to the global adventures of the greenback than meets The Economist’s eye.
March’s economic report from the National Association of Credit Management dropped to the lowest it’s been this year. The combined index fell from 53.2 in February to 51.2 this month.
Why is it that only former Fed officials are willing to say the truth about the economy and monetary policy. I know they don't know the whole truth and they are blinded by power, but why do they always wait till they are "former" to tell the truth.
Fearing it might some day compete against the World Bank and IMF, the US has been staunchly against China's AIIB.
"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"
So The Economist apparently does not think too "highly" of my skyscraper theory
