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The Vulnerability of Private Wealth to Government Financial Stress
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QEs, Currency Wars, the Trillion Dollar Platinum Coin and the Route to “Modern” Inflation
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Roadblocks to Recovery an Interview with Dr. Lacy Hunt
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Frank Beck on Investing in Uncertain Times
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The Vulnerability of Private Wealth to Government Financial Stress
Tag Archives: Negative Interest Rates
Negative Interest Rate Neverland
In the wonky world of central banking, the Rx for reviving an economy comes down to reducing the cost of credit so that borrowers are tempted to borrow and spend. These notions, taught in central banking academies called graduate schools, are well-learned but not applied wisely. Negative interest rates put lenders on the road to extinction with profound consequences. Continue reading
The Evils of Serial Quantitative Ease and the “Welfare of Everyone”
Not since the days when Mark Twain’s Tom Sawyer charged his friends for the privilege of painting his fence has the world gone quite so upside down and backwards as when the European Central Bank pushed market interest rates into negative territory. This means borrowers are being paid to borrow. This, in the mind of the Fed’s Chairwoman serves “the welfare of everyone” though it serves the welfare of no one. Continue reading