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Cyprus: Haircut battle due to kick off within weeks

January 4th, 2016 (0)
A GRAND Chamber comprising 15 judges of the European Court of Justice (ECJ) will hear a number of appeals brought by Cypriot bank depositors, who lost their money in the March 2013 ‘haircut’ against the European Commission and the ...

The ‘Bitcoin Island’accept the digital currency for everyday transactions

January 4th, 2016 (0)
Bitcoin: How the Isle of Man is leading a cryptocurrency revolution   A scattering of businesses on ‘Bitcoin Island’ accept the digital currency for everyday transactions alongside sterling Like most coffee shops, Java Express in Douglas offers its clientele ...

Commodity losses

December 18th, 2015 (0)
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...

The truth about GDP

December 1st, 2015 (0)
“I can prove anything by statistics except the truth” – George Canning Canning’s aphorism is as valid today as when he was Britain’s Prime Minister in 1817. Unfortunately, his wisdom is ignored completely by mainstream economists. Nowhere is this ...

Advice to the Prime Minister/President

November 19th, 2015 (0)
Your country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice from two imaginary economists. PM: You two economists have different views on what our economic ...

The declining interest rate cap

November 17th, 2015 (0)
Believe it or not, one of the topics in economics that confuses macroeconomists is the actual role of interest rates. For the most part they just assume that an interest rate is the cost of money, the price of ...

The end-point in financial credit

November 6th, 2015 (0)
Since the 1980s, markets have had to adapt to a world of infinite credit. Of course, this credit has not been available to everyone: it has been principally deployed in favour of governments, financial markets, and big business. It ...

OneMarketData Acquires Tick Data Inc.

November 3rd, 2015 (0)
OneMarketData, LLC , the founders of OneTick, a single solution for event stream processing and time series management of historical and real-time tick data, today announced the acquisition of Virginia-based Tick Data Inc., a trusted and leading provider of ...

Fiat money quantity update

October 30th, 2015 (0)
After a few months of slower growth, FMQ has picked up again. FMQ is the sum of True Money Supply (as defined by the Austrian School of Economics), plus the banking system’s reserves and other banking-related liabilities on the ...

Silver as money

October 16th, 2015 (0)
Gold is money, admittedly not often circulating as such today. Fiat currencies issued by governments have driven gold out of circulation. But where does this leave silver? Money-substitutes, bank notes and bank deposits, were originally backed by physical silver, ...
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