Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest quarterly total since ... Read More
The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that ... Read More
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport ... Read More
The pound fell sharply against the dollar. EU leaders did not work intensively with the UK to reach a trade deal. They are required from Britain to make ... Read More
Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why ... Read More
Gold prices were little changed on Monday, as investors sought more clarity on developments in U.S. President Donald Trump’s health after he tested positive for COVID-19 last week. Spot ... Read More
In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%. The same trend has applied to the EU unemployment rate ... Read More
When the money runs out or loses its purchasing power, all sorts of complexity that were previously viewed as essential crumble to dust. Four D’s will define 2020-2025: ... Read More
This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that ... Read More
In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of ... Read More
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