Tag Archives: yields

Fire and Water

This essay attempts a review of the economics – and the prevailing economic thinking – which have brought us to our present pass of high-leverage and heavy debt-dependence. It helps set the backdrop for an in-depth look at markets which will follow shortly…

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

Fiscal Free Lunch

[This is the first of a series of short bulletins called, ‘The Course of the Exchange’, in memory of John Castaing’s widely-read updates, posted in Jonathan’s Coffee House in Change Alley, 300 years ago]

With the latest CBO estimates for the US Federal budget for August just in, we are again in a position to take stock of the scale of the burden which the COVID-19 lockdowns and more general restrictions have imposed upon the nation’s finances. It does not make for happy reading.

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

Free Lunch Finance

The poster girl of the voguish crankdom that is Modern Monetary Theory (“MMT”) – Stephanie Kelton, has been out pimping her new book – “The Deficit Myth” – with a great deal of help from the unofficial PR department which she seems to have, nestled within the House Organ of Davos, the execrable FT.

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

Pump’n’Dump

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

Ten Years After

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

Givers of the Law

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