Category Archives: Currencies

Negative Interest Rates – Are There Any Positives?

The more you look at negative interest rates, the harder it is to find anything to like.

Brexit Endangers London’s Status as a Financial Hub

Brexit could damage London’s attractiveness as the centre of European banking, as an entry point to the EU and as a global financial hub.

The IMF and the Next Crisis

The IMF is now expected to be the first responder to a financial crisis when it may be less well equipped than in the past.

Germany Lays the Foundations for a New Eurozone Debt/Banking Crisis

It’s astonishing to see Germany take active steps to wreck the Eurozone.

China’s Vulnerable External Balance Sheet

A look at the risks of China’s external debt.

The China Delusion

Why the path forward for China is fraught from both an economic and political standpoint.

Michael Hudson Discusses the Federal Reserve and the Global Fracture

Explaining how the Federal Reserve and central bank policies like QE, saved the banks at the expense of wrecking the real economy.

Randy Wray: American Colonial Currency (Debt Free Money, Part 4)

The American Colonial experience with note issue is consistent with what MMT has been saying for the past quarter century.

Randy Wray: The Value of Redemption (Debt Free Money, Part 3)

Repeat after me: creation comes before redemption. Always!

Will German Sovereign Debt “Bail In” Scheme Destroy the Eurozone?

Germany is keen on implementing a sovereign bail-in plan that is certain to precipitate a crisis, but more likely a banking crisis than a breakup.

Satyajit Das: Age of Stagnation or Something Worse?

In The Age of Stagnation, author Satyajit Das has shifted from his usual wry detachment to a sense of foreboding.

Should Argentina Now Pay the Ransom to Its Hostage-Takers?

Argentina’s vultures keep pressing for higher and higher settlement terms, while giving the impression that at some point they would settle. What is the end game?

Eurobanks: The Probable Point of Failure as Systemic Stress Rises

Why Eurobanks are the most likely fracture point if current economic stresses continue.

Why the Neoclassical Story About German Wage “Moderation” Causing the Eurozone Crisis is Wrong

Focusing on German wage “moderation,” as in restriction, leads to a neat, plausible, and wrong tale of what caused the Eurozone crisis.

Grexit Risk May Be Back Sooner Than You Think

Why Grexit is likely to be back on the table by summer.