Despite rising corporate defaults, China’s overall debt dynamics have not deteriorated. Its economic fundamentals appear strong enough to contain a debt-currency crisis. A closed capital account,...
The Financial Sector Assessment Program is a key pillar of IMF surveillance.
US Debt Hits $30 Trillion For The First Time Congratulations, America: it took just over 245 years but as of the last day of January, the...
US Debt Hits $30 Trillion For The First Time Congratulations, America: it took just over 245 years but as of the last day of January, the...
“An entire economic system. Around a zero rate. Not only in the U.S. but globally. It’s massive. Now, think of the adjustment process to a new...
One Month After "Cash Is Trash", Bridgewater Now Sees Stocks Crashing As Much As 20% More Back in late November, when billionaire Bridgewater founder Dennis Gartman...
"This Sucker's Going Down..." Authored by MN Gordon via EconomicPrism.com, By now, anyone with half an inkling of curiosity about why prices and values don’t add...
When Does The Sizzling Economy Hit A Recession Brick Wall? Authored by Mike Shedlock via MishTalk.com, "There are good reasons to believe that today’s hot economy...
Europe's Spendthrifts Are Stuck In Irreversible Debt-Traps Authored by Alasdair Macleod via GoldMoney.com, A Euro Catastrophe Could Collapse It This article looks at the situation in...
Should the debt accumulated during the COVID-19 crisis be reduced promptly through taxation, or is it advisable to leave it to future generations in view of...
Policymakers may need to react by pulling multiple policy levers, depending on Fed actions and their own challenges at home.
After a positive start to the New Year, valuations of risk assets fell as markets priced a more hawkish policy from the US Federal Reserve. ...
Whereas inflation rates in the US and Europe have risen steeply in the course of the year 2021, consumer price inflation in Japan stood at 0.1...
Peso Hits Record Lows As Leftist Boric Wins Chile Presidency In "Worst Scenario Markets Could Have Envisioned" Leftist Gabriel Boric, a former student protest leader, won...
Global government debt surged to nearly 100 percent of GDP during the global recession of 2020, as the COVID-19 pandemic triggered a collapse in output and...
Starting in 2010, a new wave of debt accumulation—the “fourth wave” of debt—had been underway in emerging market and developing economies (EMDEs, Figure 1). With the...
Policymakers must strike the right balance in the face of high debt and rising inflation.
From EconoFact (update of May 2021 version): Main points: Prior to the pandemic, inflation had been relatively low for about three decades, and especially quiescent over the past...
Fed Loses Control As Consumers Now Expect 10% Inflation For Key Staples Another month, another record high in consumer inflation expectations. While central banks, tenured economists...
I have been emphasizing the Fed's dilemma: If it raises interest rates, that raises the U.S. debt-service costs. 100% debt to GDP means that 5% interest...
The government needs to cut taxes and stop borrowing, but politicians want to raise taxes and spend billions more The federal government is putting on a...
Equity markets jump as Omicron jitters ease Another day, another directional move by markets on whatever the latest omicron headline is. Following on from yesterday’s indicative...
Light yellow line is the 10-year Government of Canada bond yield, orange line is the 2-year bond yield: Over the past week, Omicron fears have triggered...
I'm working madly to finish The Fiscal Theory of the Price Level. This is a draft of Chapter 21, on how to think about today's emerging...
The Euro's Death Wish Authored by Alasdair Macleod via GoldMoney.com, Last week’s Goldmoney article explained the Fed’s increasing commitment to dollar hyperinflation. This week’s article examines the...
Peter Schiff On Jerome Powell 2.0 Authored by Michael Maharrey via SchiffGold.com, President Joe Biden has tapped Jerome Powell to serve a second term as chairman...
Jim Grant: "The Fed Reminds Me Of A Speculator On The Wrong Side Of The Market" Authored by Christoph Gisiger via TheMarket.ch, Jim Grant, editor of...
"Increased borrowing must be matched by increased ability to repay. Otherwise, we aren't expanding the economy – we're merely puffing it up." – Henry Alexander of...
The Market Is Signaling That A Scenario Of Sharply Rising Real Rates Is Untenable By Eric Peters, CIO of One River Asset Management; read this post...
Futures Rise Boosted By JNJ Split As Treasuries, Dollar Slide U.S. equity index futures were slightly up at the end of a volatile week, trading in...