Economics
Shaun Richards – Central bankers are experiencing a complete loss of credibility
Central banks have lost control of both the narrative and the markets. Read Here
Financial Institutions
Economics
Michael Roberts – Central banks: boom or slump?
We are receiving contradictory predictions and analyses of the world economy, but numbers for the Western nations remain sobering. Michael Roberts is an Economist in the City of London and a prolific blogger Cross-posted from Michael Roberts’s […]
Economics
Eladio Febrero, Jorge Uxó – More than a rate hike: the dangers of Quantitative Tightening
“We believe that by reducing the size of its balance sheet, the ECB’s true purpose is to force Member States to conduct a tighter fiscal policy (besides increasing banks’ profitability).” Eladio Febrero University of Castilla-La […]
Economics
Heiner Flassback – Bundesbank: Monetarism is alive – just a little bit
In its latest monthly report, the German Bundesbank, formally a regional branch of the ECB, devoted a long essay to the relationship between money supply development and inflation. The result is meagre. Read Here
Economics
ECB tells a completely different story about the state of the EU economy
After a couple of weeks of euphoria about how the EU economy has turned a corner and all is well, which was supported by yesterdays falsified GDP numbers the ECB writes: Net demand by households […]
Economics
Radhika Desai, Michael Hudson – What Causes Inflation?
What is inflation? What causes it? What are the problems in how the Federal Reserve and other central banks respond to it? Michael Hudson is President of The Institute for the Study of Long-Term Economic […]
Economics
Shaun Richards: The German economy contracts as inflation picks up on both Spain and Italy
Germany is entering recession, despite predictions from the great and the good that it wouldn’t. Read the article HERE.
Economics
Shaun Richards: The ECB is slamming the brakes on the Euro area economy
The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the […]
Economics
James Kinsella, Richard Fairchild – Bitcoin has shot up 50% since the new year, but here’s why new lows are probably still ahead
James Kinsella, University of Bath and Richard Fairchild, University of Bath To the delight of investors across the cryptosphere, the price of bitcoin (BTC) has rallied over 53% since its low of US$15,476 (£12,519) in […]
Economics
Bill Mitchell: Bank of Japan continues to show who has the power
1. It would better for the speculators to stop their futile attempts to profit from pressuring the Bank to raise rates and end its bond-buying program. 2. The Bank will not cede to this pressure, […]