Search Results for: financial markets
Bitcoin down 77 per cent in the past month; alt-coins follow
March 16th, 2020
Bitcoin’s (BTC) price has dropped 77 per cent over the past 30-days as the market responds to sharp falls in the global financial markets. Alt-coins (digital assets launched after BTC) XRP and Ethereum (ETH) have followed suit, with 103 ...
The dollar fell against a broad range of currencies on Monday
March 16th, 2020
The dollar fell against a broad range of currencies on Monday after the U.S. Federal Reserve made another surprise interest rate cut and major central banks took steps to relieve a shortage of dollars in financial markets. The U.S. ...
Why a bear market will lead to a dollar collapse
March 5th, 2020
Falling equity markets this week are likely to signal the onset of a bear market, responding to a combination of the coronavirus spreading beyond China and persistent indications of a developing recession. This has provoked a flight into ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
Yen holds gains on virus woes, euro crumbles on weak growth outlook
February 14th, 2020
The Japanese yen held onto gains against the dollar on Friday as renewed worries about the coronavirus outbreak supported demand for safe-haven currencies and weighed on prices of riskier assets. The Chinese yuan nursed losses in offshore trade as ...
Gold’s outlook for 2020
January 3rd, 2020
This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the effect on government deficits and how they are to be financed are addressed. ...
150 years of bank credit expansion is near its end
November 22nd, 2019
The legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of expansion and collapse of outstanding bank credit. Erroneously attributed to business, the origin of ...
Money and the theory of exchange
October 23rd, 2019
Evidence mounts that the global credit cycle has turned towards its perennial crisis stage. This time, the gathering forces appear to be on a scale greater than any in living memory and therefore the inflation of all major ...
European Central Bank enhances reporting on FX interventions
October 4th, 2019
The exchange rate is not a policy target for the ECB ECB so far intervened in the foreign exchange market in 2000 and 2011 ECB to start publishing FX intervention data on quarterly basis as of April 2020 New ...
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 ...
