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Peak Irony: Fed Paper Admits Fed Policy Can Lead to Economic Ruin
Peak Irony: Fed Paper Admits Fed Policy Can Lead to Economic Ruin A paper by Scott A. Wolla and Kaitlyn Frerking for the Federal Reserve Bank of St. Louis warns that the Fed’s own policy could lead to “economic ruin.” The paper titled “Making Sense of National Debt” explains the pros and cons of national […]
The Lessons From Japan’s Monetary Experiment
The Lessons From Japan’s Monetary Experiment A recent article in the Financial Times, “Abenomics provides a lesson for the rich world“, mentioned that the experiment started by prime minister Shinzo Abe in the early 2010s should serve as an important warning for rich countries. Unfortunately, the article’s “lessons” were rather disappointing. These were mainly that the central bank can […]
Peter Schiff: If They Were Smart, They Wouldn’t Be in the Stock Market
Peter Schiff: If They Were Smart, They Wouldn’t Be in the Stock Market Peter Schiff hit a number of subjects in his most recent podcast, including bitcoin, the stock market, wealth inequality, the Fed and the voting age. He also said we should be thankful for capitalism. Stock markets hit record highs again this week. […]
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT ANALYSIS Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph on Nov. 14. What will the […]
Rabobank: “Global Central-Bankery Continues To Go Where No-One Has Gone Before”
Rabobank: “Global Central-Bankery Continues To Go Where No-One Has Gone Before” Stocks at new recorder record highs; bonds up (yields down); CNY up; broad USD DXY up; China issuing USD6bn of sovereign debt at a narrow spread over USTs….it’s all up, up, and away. And why not? Trump tells us the US is “in the […]
5 More Signs That The Global Economy Is Careening Toward A Recession
5 More Signs That The Global Economy Is Careening Toward A Recession The global economy is already in the worst distress that we have seen since 2008, and it appears that the global slowdown is actually picking up pace as we head into 2020. And this is happening even though central banks around the world […]
A $20 Trillion Problem: More Than Half Of China’s Banks Fail Central Bank Stress Test
A $20 Trillion Problem: More Than Half Of China’s Banks Fail Central Bank Stress Test In our latest look at the turmoil among China’s small and medium banks, which included not only the recent bailouts and nationalizations of Baoshang Bank , Bank of Jinzhou, China’s Heng Feng Bank, but also the two very troubling bank runs at China’s Henan Yichuan […]
Political and Social Conflict Is Accelerating: Here’s Why
Political and Social Conflict Is Accelerating: Here’s Why All the status quo “fixes” only hasten the collapse of the status quo. That economic, social and political conflict is accelerating is self-evident. What’s open to debate are the core drivers of conflict / disorder /unraveling. Here’s the core self-reinforcing dynamic in my view: 1. The status quo […]
Canada’s “Enron-style” Economics: Most Wealth Redistribution Occurs Off the Books
Canada’s “Enron-style” Economics: Most Wealth Redistribution Occurs Off the Books The Trudeau Administration’s reappointment of Bill Morneau as the country’s Finance Minister last week was by far its most important. During his first term, Morneau managed to hold together a shaky Canadian economy, which for the past three decades has relied on driving borrowing and […]
The History Of Interest Rates Over 670 Years
The History Of Interest Rates Over 670 Years Today, we live in a low-interest-rate environment, where the cost of borrowing for governments and institutions is lower than the historical average. It is easy to see that interest rates are at generational lows, but, as Visual Capitalist’s Nicholas LePan notes below, did you know that they are also […]
China Central Bank Warns Downward Pressure On Economy Increasing
China Central Bank Warns Downward Pressure On Economy Increasing Several weeks ago, the People’s Bank of China (PBOC) said it would “increase counter-cyclical adjustments” to prevent downward pressure on the economy. Now the PBOC is warning that it might not be able to ward off these downward pressures in the short term, reported Reuters. The PBOC’s […]
Darn, This Is Inconvenient: Apple Is Destroying the Planet to Maximize Profits
Darn, This Is Inconvenient: Apple Is Destroying the Planet to Maximize Profits Stripmining the planet to maximize profits isn’t progressive or renewable–it’s just exploitive and destructive. How do we describe the finding that the planet’s most widely-owned super-corporation is destroying the planet to maximize its smartphone sales and profits? Shall we start with “inconvenient?” Yes, we’re […]
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared”
ATMs Spitting Back Bank Cards In Lebanon As “Dollars Have Virtually Disappeared” Though banks reopened this week in Lebanon, with the country’s financial institutions remaining front and center in massive anti-government protests amid accusations of corruption and wild mismanagement, withdrawal limits have now been made official by the country’s Banks Association — previously unofficially enforced. The formal controls now include limiting […]
