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Olduvai III: Catacylsm
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Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis

Nomi Prins: Central Bank-Inspired “Major Credit Squeeze” Will Trigger Next Crisis For all the talk about tapering (in both the US and Europe), the Federal Reserve has actually done remarkably little to reduce its balance sheet. And in an interview with Macrovoices Erik Townsend, former Wall Street executive Nomi Prins expands upon some of the […]

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Weekly Commentary: The Grand Crowded Trade of Financial Speculation 

Weekly Commentary: The Grand Crowded Trade of Financial Speculation  Even well into 2017, variations of the “secular stagnation” thesis remained popular within the economics community. Accelerating synchronized global growth notwithstanding, there’s been this enduring notion that economies are burdened by “insufficient aggregate demand.” The “natural rate” (R-Star) has sunk to a historical low. Conviction in […]

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QE Party Over, even by the Bank of Japan

QE Party Over, even by the Bank of Japan First decline in its colossal balance sheet since 2012. An amazing – or on second thought, given how central banks operate, not so amazing – thing is happening. On one hand… Bank of Japan Governor Haruhiko Kuroda keeps saying that the BOJ would “patiently” maintain its […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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