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European stocks rose on Monday
July 13th, 2020
European stocks rose on Monday, as optimism surrounding second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key U.S. state of Florida. After edging up 0.4% last week, the Stoxx Europe 600 gained 0.6%. The German ...
The new deal is a bad old deal
July 10th, 2020
So far, the current economic situation, together with the response by major governments, compares with the run-in to the depression of the 1930s. Yet to come in the repetitious credit cycle is the collapse in financial asset values and ...
Prices are going to rise — and fast!
July 7th, 2020
With stockmarkets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway. Other than possibly the very short-term as we emerge from lockdowns, the economic situation is actually dire, and any hope of ...
Wirecard files for insolvency after ex-CEO arrested in $2 billion scandal
June 25th, 2020
Wirecard has filed for insolvency, just days after a $2 billion accounting scandal at the company burst into the open, crashing its stock and leading to the arrest of its former chief executive. The digital payments company said in ...
The crisis goes up a gear
June 22nd, 2020
Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar. At this stage of an evolving economic ...
The dollar slipped on Monday; The Australian dollar led modest gains in Asia
June 22nd, 2020
The dollar slipped on Monday in a choppy session as investors tried to navigate their way through an unsettling rise in coronavirus infections and weigh whether it would delay an economic recovery. The Australian dollar led modest gains in ...
Individual and Company ordered to pay $755,000 for Binary Options fraud
June 18th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform that the U.S. District Court for the Northern District of Alabama issued an order granting a permanent injunction against Aaron B. Butler, a former resident of Muscle Shoals, Alabama, ...
MMT —it’s just neo-Keynesian macroeconomics
June 12th, 2020
The doyenne of MMT, Stephanie Kelton, has published a book this week explaining modern monetary theory. This article examines the foundations of MMT which Kelton explained in an earlier video released last year. Introduction Macroeconomics has become so ...
Statistics, lies and the reservoir effect
June 4th, 2020
This article debunks the misconception that GDP represents economic health. It explains how monetary flows have led to markets in financial assets inflating while non-financials in the GDP bucket are in deep distress. And why, at a time of ...
Unintended consequences of monetary inflation
May 15th, 2020
“In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that, to fund the US Government’s rocketing budget deficits, fund the maintenance of domestic consumption ...
