global economy

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Banking faces seismic changes

  The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. ... Read More
A picture illustration shows U.S. 100 dollar bank notes and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

Dollar starts 2021 in the cellar with a hangover

The dollar started the new year by slipping broadly on Monday as investors sold it for just about everything else in the Asia session, wagering the world’s pandemic recovery ... Read More

Payments panic and the ending of fiat currencies

The unilateral response from governments to the coronavirus is to helicopter money to people and their businesses in unlimited quantities. Their priority is to keep the debt-driven Keynesian show ... Read More
A picture illustration shows U.S. 100 dollar bank notes and Japanese 10,000 yen notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao

The US Government Debt Crisis

  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 ... Read More
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport

Legendary trader Andy Hall bets oil prices are going to rebound

Legendary oil trader Andy Hall says crude prices have likely hit a bottom after plunging more than 30 percent over the last two months. “I think with prices hovering ... Read More

Global economy is facing a ‘perfect storm’, warns BIS chief

The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a ... Read More
U.S. dollar notes are seen in this picture illustration

A Spiking Dollar = Emerging Market Chaos

The dollar collapse thesis – which ends with all fiat currencies achieving their intrinsic value of zero — doesn’t preclude some thrills and chills along the way, in which ... Read More

Stock Market 2018: The Tao vs. Central Banks

  The central banks claim omnipotent financial powers, and their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the ... Read More

Betting on market volatility? Here’s what you need to know

The CBOE Volatility Index, or VIX, is a key measure of market expectations of a near-term volatility conveyed by S&P 500 stock index option prices. The VIX has closed ... Read More

Yen rose while Australian dollar fell; Key events coming this week

Asian raw-material producers advanced after a surge in commodity prices bolstered optimism the global economy can gather momentum. Oil extended last week’s strongest rally this year. BHP Billiton Ltd., ... Read More
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