Tag

Central Banks

Why we’re the world’s most fragile economy

A spat about bank capital hit the news late last week. Not only is the topic immensely boring, but it’s also completely misguided. That should make you stop reading, unless you’re aware of the implications. If banking were to blow…

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Why Trump Can’t Cure America

ON THE CELTIC SEA – We drove up to Cherbourg yesterday, boarded a ferry, and are now cruising towards Ireland. The trip takes nearly an entire day, but the wifi works onboard… so we were able to stay in contact….

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The implausibility of a crash

Everyone agrees. The biggest risk to the markets is obvious. Central bankers are swapping quantitative easing (QE) for quantitative tightening (QT). And QT could make the world blow up in all sorts of ways. Citibank credit strategist Matt King told…

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All Aboard the Bankruptcy Express

GUALFIN, ARGENTINA – Over the weekend, we went to visit our new property. The house, which we are renovating, is on the far side of the river. We’re just realizing what a challenge that poses. In order to get over to…

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The Four Mistakes That Will Sink the Economy

GUALFIN, ARGENTINA – Another miracle! It rained. “We got 200 millimeters (about 8 inches) this year,” reported the capataz, Gustavo. After two years of drought, finally, the fields, mountains, and pastures are green. And the river that separates the house…

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Still only one player in the game

Trainspotting provides today’s economic analysis. The movie is about a drug addict’s attempts to come clean. It doesn’t go so well. Perhaps because he’s trying to do it in Scotland. In the end, he steals thousands of pounds from his…

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Get ahead of the Great Crypto Escape

The next financial crisis is coming. Never mind what it is though. You don’t really need to know. What you do need to know is that they happen with a certain regularity. And we’re well overdue. We don’t look at…

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Simple chart explains crash

Sometimes things are simple. Perhaps this is one of those times. Stocks are crashing, bonds are stumbling, and investors are worrying. When will it stop? Last week we tried to take stock of what happened so far. And how it…

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