Milton Friedman’s Interest Rate Fallacy

strange positive correlation between borrowing volumes and interest rate levels? - uncreditworthy businesses are altogether excluded from global debt markets...

Monetary fiscal US UK Can Fed BoE BoC Brazil

see also monetary fiscal EU - state digital CBDC news - alt currencies digital crypto www - monetary - history politics theory up to 3-2023 updates below - later updates now here >Monetary policy, central banking, inflation targeting ft.com/ m 5-3-2023 Central banks need to show a bit more imagination - by Andy Haldane centralbanking.com … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil

Creditors Kill Europe

In a pre-summit article, German finance and foreign ministers Olaf Scholz and Heiko Maas  suggest flexible ESM adjustments to provide  "quick and targeted relief... (and) ... a pan-European guarantee fund to secure loans ... (so)  the European Investment Bank (EIB) would ensure liquidity for small and medium-sized enterprises in the EU countries." read the whole … Continue reading Creditors Kill Europe

Crisis? What Crisis!

"Almost no chance of a recession this year", concludes Barron's roundtable, "markets will gain despite looming risks."  "Recession has been "priced out in a rally for the record books" booms bloomberg and forbes feels that now "only the perennial bears believe" in a 2020 recession. Investors "go into the new decade with a spring in … Continue reading Crisis? What Crisis!

Head Scratching Inflation

"Inflation ... has left many observers scratching their heads as to why the current level ...  does not match the current state of the real economy ..."  said ex ECB board member Sabine Lautenschläger in a recent speech.   The Economist discerns "strange new rules", devotes a  special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head Scratching Inflation