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Tag Archives: financial repression
Things That Make Me Go Hmmm: Inflation, Crypto, Command Economies and Gold.
Things That Make Me Go Hmmm: Inflation, Crypto, Command Economies and Gold. Over the years I’ve written almost ad nauseum about the crazy I see (and saw) around me as a fund manager, family office principal and individual investor. The list includes: 1) an entire book on the grotesque central bank distortions of free market price discovery, […]
Why Sweden Ended Its Negative Interest Rate Experiment
Why Sweden Ended Its Negative Interest Rate Experiment Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists, who start with a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save […]
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression
THE WOLF STREET REPORT: The Giant Sucking Sound of Financial Repression In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy (10 minutes). Enjoy reading WOLF STREET and want to support it? Using ad blockers – I totally get why – but want to support the site? You can […]
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing
Amid Market Rout, Decade of “Financial Repression” Ends, Capital Preservation Suddenly is a Thing This will dog the stock market going forward. Fixed-income investors – a financially conservative bunch buying Treasury securities, FDIC-insured CDs, and similar products that largely eliminate risk – have been getting crushed for a decade: Except for brief periods when inflation […]
Why Trade Wars Ignite and Why They’re Spreading
Why Trade Wars Ignite and Why They’re Spreading The monetary distortions, imbalances and perverse incentives are finally bearing fruit: trade wars. What ignites trade wars? The oft-cited sources include unfair trade practices and big trade deficits. But since these have been in place for decades, they don’t explain why trade wars are igniting now. To truly […]
Bob Dylan as Economic Prophet
Bob Dylan as Economic Prophet We have a habit on our trading floor of playing Bob Dylan whenever the markets start selling off. We hardly ever play Dylan these days. Though I consider the Nobel Laureate something of a personal classical liberal icon, I don’t remember exactly how this office tradition ever started. But the […]
India Confiscates Gold, Even Jewelry, in Raids on Hidden Money
India Confiscates Gold, Even Jewelry, in Raids on Hidden Money Global financial repression picks up steam, led by India. After declaring large denomination notes illegal, India now targets gold. It’s not just gold bars or bullion. The government has raided houses, no questions asked, confiscating jewelry. For background to this article, please see my November 27 article […]
Dan Amerman: Financial Repression & The New Interest Rate Hike
Dan Amerman: Financial Repression & The New Interest Rate Hike You have to understand one to make sense of the other Financial repression authority Daniel Amerman returns this week to discuss the ramifications of the Federal Reserve’s first interest rate hike in nearly a decade: The key to understand the situation here is that this is […]
Eating The Seed Corn—–The Fed’s Horrid Corruption Of Corporate Finance
Eating The Seed Corn—–The Fed’s Horrid Corruption Of Corporate Finance Central bank financial repression results in the systematic and severe mispricing of financial assets. And that has sweeping consequences far beyond the munificent windfalls it bestows on the thin slice of mankind that frequents the casinos of Wall Street, London, Tokyo and Shanghai. The fact is, the […]
Did An Obscure IMF Document Start A Global Bail-In Revolution? by Daniel Amerman
Did An Obscure IMF Document Start A Global Bail-In Revolution? by Daniel Amerman. When revolutions start, it’s not uncommon for almost nobody to notice. It may take years or even decades before historians can look back, point a finger and say “that’s where it really began.” An obscure International Monetary Fund “Staff Discussion Note” may […]
Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity
Dan Amerman: Will Our Private Savings Be Sacrificed To Pay Down The Public Debt? | Peak Prosperity. Recently, an article by Daniel Amerman caught our attention. Titled Is There A “Back Door” Method For The Government To Pay Down The Federal Debt Using Private Savings?, it details the process known as financial repression, where sovereign debts […]
China’s Vicious Growth Circle by Keyu Jin – Project Syndicate
China’s Vicious Growth Circle by Keyu Jin – Project Syndicate. LONDON – Most economists have a reason to be worried about China’s economy – whether it be low consumption and large external surpluses, industrial overcapacity, environmental degradation, or government interventions like capital controls or financial repression. What many fail to recognize is that these are […]
