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Olduvai III: Catacylsm
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Raising Interest Rates Is Like Starting a Fission Chain Reaction

Raising Interest Rates Is Like Starting a Fission Chain Reaction Central bankers seem to think that adjusting interest rates is a nice little tool that they can easily handle. The problem is that higher interest rates affect the economy in many ways simultaneously. The lessons that seem to have been learned from past rate hikes may […]

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China Cuts Benchmark Interest Rate By 25bps, Cuts RRR By 50bps

China Cuts Benchmark Interest Rate By 25bps, Cuts RRR By 50bps What China was supposed to do over the weekend, and waited until its stock market tumbled another 16%, it has just done, because as MarketNews, Reuters and Bloomberg all just blasted, moments ago the PBOC cut both the benchmark and RRR rates: CHINA PBOC […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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