Search Results for: dollar
Forex 2021 outlook – pandemic era
June 16th, 2021
The global events that are happening all over the world have a very significant impact on many industries. Trade wars, the growing influence of dictatorships or political parties has a direct influence on the financial market and its own ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
The real point of cryptocurrencies is not their price
May 27th, 2021
The Wall Street Journal recently posted an email conversation between columnist Andy Kessler and billionaire Mark Cuban in which Cuban explains the real point of cryptocurrencies. Hint: It has nothing to do with the price of bitcoin or ethereum. ...
The end of the LBMA is nigh
May 20th, 2021
Basel 3 is on course to regulate the LBMA out of existence. And with it will go all the associated arbitrage business and position-taking on Comex, because most bullion bank trading desks will cease to exist. The only ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
The global debt problem
April 15th, 2021
It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be treated with caution, and they probably underestimate financial sector debt. Furthermore, no allowance in ...
Cryptocurrencies combined are now worth more than Apple
April 15th, 2021
The cryptocurrency market is now worth more than the world’s most valuable company. It comes after record-breaking price climbs for three of the largest cryptocurrencies on Tuesday, just a day before the initial public offering (IPO) of one of ...
Most emerging Asian currencies were little changed on Thursday
April 15th, 2021
Most emerging Asian currencies were little changed on Thursday as investors digested the Federal Reserve’s continued dovish stance and awaited more key U.S. economic data before making further moves. Indonesian 10-year benchmark yields rise 6.5 basis points to 6.638% ...
Paradise Lost
April 8th, 2021
So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are not just possible, but popular. The president and ...
Say’s law and the destruction of savings
April 2nd, 2021
This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration to say that his casual rejection of Jean-Baptiste Say’s economic theories in his off-hand ...
