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For those who don’t understand inflation

June 14th, 2019 (0)
This article is a wake-up call for those who do not understand the true purpose of monetary inflation, and do not realise they are the suckers being robbed by monetary policy. With the world facing a deepening recession, monetary ...

Post-tariff considerations

May 17th, 2019 (0)
  President Trump has declared he will extend tariffs of 25% on all America’s imports of Chinese goods. China is responding with tariff increases of its own. The consequences of this action and reaction will be to kick-start higher ...

Cyber wars and all that

May 3rd, 2019 (0)
  Behind the Huawei story, we must not forget there is a wider financial war being waged by America against China and Russia. Stories about China’s banks being short of dollars are incorrect: the shortage is of inward capital ...

The US Government Debt Crisis

May 2nd, 2019 (0)
  This article explains why the US Government is ensnared in a debt trap from which there is no escape. Its finances are spiralling out of control. In the context of a rapidly slowing global economy, the budget deficit ...

Currencies threatened by a credit crisis

February 15th, 2019 (0)
In this article I draw attention to the similarities between the current economic situation and that of 1929, and the threat to today’s unbacked currencies. There is the coincidence of trade protectionism with the top of the credit cycle, ...

Trade wars – a catalyst for economic crisis

February 1st, 2019 (0)
In my last article I used a proven accounting identity to show that the end result of President Trump’s trade tariffs would be to increase the trade deficit, assuming there is no change in the savings rate. The savings ...

Pound holds up against Dollar; Asian markets edged down Tuesday

January 22nd, 2019 (0)
Asian markets edged down Tuesday as profit-takers stepped in following a recent run-up, while the pound maintained gains on hopes Britain will avoid crashing out of the European Union. While there were few catalysts to drive business and Wall ...

The Tragedy Of The Euro

January 11th, 2019 (0)
  After two decades, the euro’s minders look set to drive the Eurozone into deep trouble. December was the last month of the ECB’s monthly purchases of government debt. A softening global economy will increase government deficits unexpectedly. The ...

Markets are all about flows

January 8th, 2019 (0)
  This article looks at prospective supply and demand factors for financial assets in the New Year and beyond. Investors should take into account money flowing into and out of financial assets as well as stock flows, particularly escalating ...

The Arrival Of The Credit Crisis

January 2nd, 2019 (0)
Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I ...
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