Search Results for: japan
European stocks rose
January 26th, 2024
European stocks rose on Friday, bucking weakness in US equity futures and in Asian markets, as an update from the world’s largest luxury retailer showed that spending among the wealthiest consumers remains resilient. Europe’s Stoxx 600 index advanced as ...
European stocks are seen opening on a flat note
October 12th, 2022
European stocks are seen opening on a flat note Wednesday after five consecutive sessions of losses. Recession worries persist with U.S. President Joe Biden conceding Tuesday in an interview that a “very slight” recession was possible. U.S. stock futures ...
World shares steadied on Friday; Gold recovered somewhat
September 17th, 2021
World shares steadied on Friday above three-week lows set in the previous session though they were heading for a weekly loss on China jitters and global growth concerns, while strong U.S. retail sales data buoyed the dollar. Shares in ...
The dollar was pinned near recent lows against other currencies
August 4th, 2021
The dollar was pinned near recent lows against other currencies on Tuesday, as traders awaited U.S. jobs data for a guide to the rates outlook, while labor market strength lifted the kiwi in anticipation of a New Zealand rate ...
Inflation, asset and consumer prices
June 25th, 2021
“The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses.” There has been occasional speculation ...
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 ...
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 ...
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 ...
Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640
February 18th, 2021
The dollar held its ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations that the U.S. economy would recover from the coronavirus pandemic faster than most of its peers. Bitcoin traded just ...
