Why We’re Ungovernable, Part 15: Violence Goes Random
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible
Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of money and using it to
One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is
The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers actually turn a profit on
One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and
It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more
If easy money has stopped working, then what’s left? Massive deficits, of course. Pressure is building on governments around the world to increase spending and
Savers are the obvious victims of the past few years’ plunge in interest rates. But there are other casualties, including money market funds, which have
This morning, US existing home sales plunged and the Chicago Fed’s national activity index turned negative. Both are obvious signs of a slowing economy. Anticipating
The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying and/or pushed interest rates further
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of
The Bank For International Settlements just released a report stating that the spread of negative interest rates hasn’t caused the world to end. From this
The Bank For International Settlements just released a report stating that the spread of negative interest rates hasn’t caused the world to end. From this
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