Central bankers’ narratives are falling apart. And faced with unpopularity over rising prices politicians are beginning to question central bank independence. Driven by the groupthink coordinated in the regular meetings at the Bank for International Settlements, they became collectively blind to the policy errors of their own making. On several occasions I have written about […]
The United States has been at war for nearly every year of its existence as an independent nation, fighting in 227 years of its 244-year history. The United States and its allies have dropped at least 326,000 bombs and missiles on countries in the greater Middle East/ North Africa region since 2001. That is the […]
The chasm between Eurasia and the Western defence groupings (NATO, Five-eyes, AUKUS etc.) is widening rapidly. While media commentary focuses on the visible side of the conflict in Ukraine, the economic and financial aspects are what really matter. There is an increasing inevitability about it all. China has been riding the inflationist Western tiger for […]
It’s all about interest rates [Usury]. Rising interest rates undermine financial asset values and falling rates increase them. From 1981 until March 2020, the trend has been for the inflation of prices to subside and interest rates to decline with them. And following Paul Volcker’s interest rate hikes at that time, this is when the […]
There is an established theoretical relationship between bonds and equities which provides a framework for the future performance of financial assets. It would be a mistake to ignore it, ahead of the forthcoming rise in global interest rates. Price inflation is roaring, and so far, central banks are in denial. But it is increasingly difficult […]
