Alasdair Macleod: The collapsing euro and its implications
The euro system and its currency are descending into crisis. Comprised of the ECB and the National Central Banks, the system is over its head
The euro system and its currency are descending into crisis. Comprised of the ECB and the National Central Banks, the system is over its head
Calling the world’s governments unprepared for Covid-19 is to laughably understate the case. They apparently hadn’t even considered the possibility of a pandemic shutting down
Pity the guys now running the Fed. They’ve inherited an economy that requires ever-bigger infusions of new credit and ever-lower interest rates to avoid financial
A central bank that’s desperately trying to ignite a borrowing/spending frenzy to offset an incipient recession has one wish above all: That the currency it’s
Critics of modern monetary policy have been predicting that the day would come when a central bank would cut interest rates (or at least promise
Paying someone in order to lend them money seems kind of pointless. Yet the practice of stashing wealth in places where it yields nothing (and
This was going to be the year when the other big central banks joined the Fed in “normalizing” interest rates and reversing the past decade’s
“How did you go bankrupt?” “Two ways. Gradually, then suddenly.” ― Ernest Hemingway, The Sun Also Rises On the surface, nothing much changed last week.
When Italy elected a bunch of rowdy populists back in March, the rest of the eurozone assumed (or at least hoped) that the weight of
Seems like every few days a new developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign
One of the things giving “data-driven” central banks wiggle room on their pledge to tighten monetary policy is the fact that there are several definitions
Critics of “New Age” monetary policy have been predicting that central banks would eventually run out of ways to trick people into borrowing money. There
By now everyone with an Internet connection is aware of the “ransomware” attack that shut down hundreds of thousands of computers over the weekend. The
One of the traditional signs of market tops is individual investors finally succumbing to the lure of apparently easy money and pouring their savings into
ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming
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