Bubbles and Busts

It is at this point that the calls for more stimulative actions are made by the media and Wall Street. The market then rallies on rumor an...

Following yesterday’s post that the SNB Massively Increases Monetary Base to Maintain Currency Floor , I became engaged in some back and for...

In our view, it is the overwhelming force of the debt deleveraging that has overcome government efforts to inflate. We have pointed out th...

Think of it this way, just after the Euro came into being, the German economy was in what I labelled a soft depression due in large part ...

The Swiss National Bank then announced that it was prepared to buy foreign exchange in unlimited quantities to maintain a floor of SF 1.20...