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Daily Archives: May 12, 2015
Excess liquidity drowns productivity
Two excellent quotes from John Hussman’s market commentary this week (see: Recognizing the risks to financial instability) The first is from Austrian School Economist Ludwig von Mises, writing about failed monetary stimulants in 1931: “Credit expansion cannot increase the supply … Continue reading
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Bond rout likely about currencies not inflation
Massive volatility sweeping through world financial markets. So far this week the US dollar index, stocks and bonds have all lost ground, while commodities have ridden the other end of the capital teeter totter up. As talking heads attempt to … Continue reading
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Bankers demanding more impossible payments from Greece
One of these times, the inevitable restructuring and write off of impossible-to-pay debts will arrive “all of a sudden”. EU paymaster Germany suggests that Greece might need a referendum to approve painful economic reforms on which its creditors insist, but … Continue reading
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