Why US Government Deficit Spending Isn’t Stimulative
A bond simply represents a transfer money (and the potential for consumption) from someone to someone else
El-Erian: Negative Rates Erode the Integrity of Market System
“The longer you persist with negative interest rates, the higher the costs and risks”
In Brief: The Decline of the US Dollar Since the Founding of the Fed
The Fed has come to interpret ‘price stability’ as meaning a stable rate of increase in prices
Sam Zell: Hard to Have a Recession When Interest Rates Are Zero
“The fact that I am waiting for (a recession) is probably a positive sign because complacency is usually a major factor”
George Friedman: Chinese Position Like Japan in 1989, But Worse
They’ve lost the wage advantage
Luke Gromen: Liquidity Crisis Will Force Fed to Expand Balance Sheet
“What happened last October was that FX swap insurance on the dollar effectively when ‘no-offer'”
In Brief: How China’s Economic Boom Eclipsed Hong Kong
China has unveiled plans to turn Shenzhen, Hong Kong’s mainland China counterpart, into a ‘demonstration area for Chinese socialism’
Map: The Reconquest of Rome
The reconquest of the Western Empire failed less than ten years after Rome’s recapture
In Brief: The 100 Most Popular Websites in the World
To be in the top 100, a website most receive roughly 350 million visits per month
100-Year Bonds: Now Our Great Grandchildren Can Pay off Our Debts
Extending the duration of our debts does not actually eliminate them, even when accounting for inflation