interest rates
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Global Planned Financial Tsunami Has Just Begun
Since the creation of the US Federal Reserve over a century ago, every major financial market collapse has been deliberately triggered for political motives by the central bank. The situation is no different today, as clearly the US Fed is acting with its interest rate weapon to crash what is the greatest speculative financial bubble… Continue reading
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A tightening world
It’s been a big week for the major central banks. First, the European Central Bank (ECB) called an emergency meeting because government bond yields were rising sharply in the more indebted Eurozone economies like Italy and Spain. That threatens to deliver a new sovereign debt crisis as happened after the Great Recession from 2010-2014, leading to… Continue reading
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Recessions, monetary easing and fiscal stimulus
As the stock markets of the world gyrate up and down like a yo-yo, all talk in the financial media is on whether a new global recession is coming and when. The financial pundits search for economic or financial indicators that might guide them to tell. The favourite one is the ‘inverted bond yield curve’. … Continue reading
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The fantasy world of the Long Depression by michael roberts
This week, the US Federal Reserve Bank decided to stop raising its policy interest rate for the rest of 2019. The Fed started hiking rates from near zero back in late 2016 on the grounds that the Long Depression (in economic growth, investment and employment in the US and in other major economies) was over. … Continue reading
The New Dark Age 