Category Archives: Main Page

Lower interest rates are symptoms, not the cure

Posted on August 7, 2019 by Danielle Park

The New Zealand central bank slashed its official cash rate by a third today–to one percent–and twice as much as expected. In response, the New Zealand dollar (NZD) slumped nearly a percent and is back under .65 per U$.   The … Continue reading →

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Cash shortages drive asset selling in heavily levered world

Posted on August 6, 2019 by Danielle Park

As the longest and most levered expansion cycle in history draws to its inevitable close, a world that borrowed heavily in US dollars over the last decade now becomes shorter and shorter of the currency needed to pay their bills. … Continue reading →

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Japan shows how ZIRP and NIRP policies decrease financial viability

Posted on August 6, 2019 by Danielle Park

As North America moves near zero (ZIRP) and possibly negative policy rates (NIRP) in the months ahead, Japan remains the leading test case for these experiments, and investors would be wise to take note.  Nearly 30 years of zero and … Continue reading →

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