Search Results for: banks
An Inflationary Depression
October 4th, 2019
Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest ...
Measuring Recession
September 20th, 2019
Using nominal GDP, or GDP deflated by the CPI, as the principal guide to the state of the economy is a common mistake which will eventually prove very costly. Having convinced themselves that GDP measures economic progress, government ...
Dollar gives up gains against most major currencies
September 20th, 2019
The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hits two-month high on Brexit ...
Bank rally leads European stocks higher
September 19th, 2019
A rally in bank stocks for the first time in four sessions lifted European shares on Thursday, after the U.S. Federal Reserve cut interest rates but set a higher bar for further reductions. European banks rose 1.4%, the most ...
iSignthis announced European patent for PSD2 strong customer authentication & KYC
September 16th, 2019
European Patent Office (EPO) has issued notice of intention to grant patent across more than 38 countries Payment Service Directive 2 (PSD2) Strong Customer Authentication (SCA) compliance day was 14th September 2019 Patent includes methods for SCA and Know ...
European Central Bank released monetary policy decisions
September 12th, 2019
The European Central Bank (ECB) has issued today a press release to inform that at today’s meeting the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the deposit facility will be decreased ...
China or US?
September 9th, 2019
China has made some silly errors in its conflict with the US, reflecting the arrogance that often afflicts every state actor. But the appearance that China is being backed into a corner over Huawei, trade tariffs and Hong ...
Negative interest rates and gold
August 30th, 2019
The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar. Evidence mounts that the ...
Our costly dalliance with Lord Keynes
August 28th, 2019
In “The General Theory of Employment, Interest and Money”, Keynes virtually created macroeconomics. But Keynes was a mathematician, not an economist, and did not fully understand free markets, so he was hardly qualified to emerge as the most ...
Inflationary financing and GDP
August 16th, 2019
This article demonstrates that only government borrowing in the US and UK drives GDP growth. This surprising conclusion is confirmed by long-run statistics. GDP does not represent economic progress, nor does it include the expansion of activity in ...
