Does it make sense to plot multi-decade asset prices on a linear scale? How reliable are macro ‘profit’ estimates? Why is the curve flattening and what will a reduction in Central Bank reserve balances mean for assets? S0me recent short snaps from my LinkedIn & Twitter feeds plus you can watch my latest update ‘China: […]
Tag Archives: Reserves
In an earlier Monitor, we alluded to a possible monetary reason for suspecting that the past year’s spectacular (and inflationary) bounce in Chinese revenues and earnings might have reached its high-water mark. Here we take a more detailed look at the situation in the Middle Kingdom:- 17-08-21 China
[This article appeared in slightly abridged form in the Epoch Times under the title, ‘The Fed’s Quantitative Tightening‘] The older a bull market gets, those who are paid to comment on it become more and more desperate for new things to say about it – a professionally pressing need which tends to split the pundits […]
For those who will not take my word for it that banks do create deposits by lending money, let me quote you a little Roepke from a footnote (p113) to his 1936 work, ‘Crises & Cycles’: “The process [of credit creation] is now clearly explained in any text-book on economics, banking or money (especially recommendable […]