Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions...
ECB chair Mario Draghi delivered even more than expected this morning by announcing lower interest rates and a big jump in debt monetization. Historically, this...
When historians sort out this era of once-a-decade financial bubbles, they’ll marvel at how dissimilar the drivers of each boom were. The junk bonds of...
The Bank For International Settlements just released a report stating that the spread of negative interest rates hasn’t caused the world to end. From this...
Suddenly, gold and silver are good again. In two short months, they’ve morphed from targets of derision to shiny new toys on the financial playground....
Yesterday Japan’s government borrowed money on terms that require the lenders to pay rather than receive interest for ten years. And not only was that...
One of the jarring — and until recently underreported — aspects of those seemingly-positive recent US jobs reports is the increasing skew towards older workers....
It appears that Great Britain might actually do the until-recently-unthinkable, and leave the European Union. The reasons for this dramatic break-up are many, and can...