Tag Archives: Money

Saturn Devours His Children

A recent Wall St Journal article gave vent to a scare-story full of Underconsumptionist claptrap, carried under the catchy headline: “The Coronavirus Savings Glut”. Ironically, and only a day later, the paper ran a second piece entitled “How Coronavirus Upended a Trillion-Dollar Corporate Borrowing Binge and Kicked Off a Wave of Bankruptcies

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Whatever it doesn’t take

On March 15th, the Eurozone branch of the Throw-more-money-at-it lobby were making themselves heard, calling for the ECB to run the printing presses for a limited (author pulls down lower eyelid with index finger) period as a supplement to the to the €120 billion in extra security purchases already made to that point. [NB total ‘assistance’ to April 17th had reached to €275bln in RP, €148bln in securities, and €126bln in FX swaps for a total of €550bln in five short weeks].We responded:-

To access this post, you must purchase Annual Subscription or Monthly Subscription.

M4 Compendium (updated)

To access this post, you must purchase Annual Subscription or Monthly Subscription.

MMT: The Court Astrologer’s Dream

MMT has recently enjoyed a sudden resurgence in popularity. but, like so many other systems which claim to reveal previously undiscovered truths, it turns out to be nothing more than a retread of a number of age-old fallacies, only appealing because it seems to promise the Provider State unlimited power to interfere in our lives. We discuss its failings here.

To access this post, you must purchase Annual Subscription or Monthly Subscription.

China: Turn of the Tide?

To access this post, you must purchase Annual Subscription or Monthly Subscription.

The Fed’s Non-Barking Dogs

To access this post, you must purchase Annual Subscription or Monthly Subscription.

Fretting on the Fed: Monitor No.5

To access this post, you must purchase Annual Subscription or Monthly Subscription.