Where Is The Money?
As Krugman might say, “…it’s in the market, stupid.” The most influential economy in the world is poised to raise interest rates, but not because of inflation. Central banks in major parts of the ...
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BIS Warns of Low Rates
The Bank of International Settlements (BIS) continues to reprimand contemporary central banking culture for easy money fixes it argues feed instability by creating global economic conditions that foster bubbles. As the ...
To Raise or Not to Raise
US indicators out this week, like the Chicago PMI and the CPI estimates, support both sides of a US turn-around, the output side and the consumption side. Yet still the FED, though widely expected to raise rates in the ...
Upcoming ECB Rate Changes
Yesterday’s flash Harmonized Consumer Price Index indicated a drop in EMU price rises to 0.5%. Given the ECB’s primary target is price stability, markets are widely anticipating tomorrow’s ECB meeting ...
Macroeconomic Outlook
Introduction The following article comprises my general world economic outlook. It is necessary to clarify a few points for the reader. Firstly, the exercise is positive rather than normative. For example, any mention of ...
Strong Dollar Could Be Good For Canada
Pundits of the double-dip recession theory cite the now globally anticipated fallout of the U.S. dollar as a key source. The fed is printing money like confetti, they say. The U.S. Treasury bill bubble is soon to pop, ...
