Search Results for: tax
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Online scams: It might not be too late to get your money back
August 17th, 2020
From denial to anger to acceptance, victims of financial fraud often go through something resembling the five stages of grief. Too often, victims of online scams will be reluctant to take action once they realize they have been defrauded, ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
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 ...
EU Member States agree to defer start date of e-commerce VAT rules
July 3rd, 2020
EU Member State representatives on Coreper (the Permanent Representatives Committee) today reached a preliminary agreement to extend by six months the start date of the EU’s new VAT regime applicable to online companies. The rules will become applicable on ...
European shares were moving higher on Tuesday
June 23rd, 2020
European shares were moving higher on Tuesday even as a number of states in the U.S. continued to report a rise in new virus cases and hospitalizations. Meanwhile, a closely-watched measure of economic activity pointed to a continued rebound ...
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 ...
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 ...
