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
European corporations will flood the courts in a zombi apocalypse, and nation will rise against nation within the eurozone as the streets of Paris repopulate
What did these cats expect after running the printing presses like there was no tomorrow for the better part of two decades? Stated differently, the
Pushing interest rates below zero is both an act of desperation and something that in theory should have a huge, immediate impact of the behavior
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
Turning points in a financial system usually occur in discrete phases. At first, new information that contradicts existing preconceptions is dismissed as unimportant. But as
One of the crucial things to understand about today’s world is that money is fungible. Whether it’s created in Japan, Europe, China or the US,
One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is
Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First the ECB promised new stimulus
Money center banks — which over the past few decades have grown into the biggest financial entities the world has ever seen — appear to
Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only two ways: Continued austerity which
The point of competitive devaluation, aka currency war, is that a cheaper currency gives a country several advantages over its trading partners, leading to better
US equities have been going up for so long that most investors — especially those who were only recently enticed into the casino by the
This morning the European Central Bank tried something different. As Bloomberg reported: Draghi Takes ECB Deposit Rate Negative in Historic MoveThe European Central Bank cut
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,
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