Upside-down economics’ defenders say that deficits create savings. The process never starts with deficit spending, but with the assets and wealth of the economy, which can be leveraged only to a certain extent and never decided by the borrower but the lenders. Borrowing is never the first step neither endless.Continue reading Debt Is Not A Reserve Asset (Video)
In this interview, we discuss the economic developments of 2019 and the outlook for 2020.Continue reading Outlook for 2020: Growth or Recession?
My book “Escape from the Central Bank Trap” is available now on my Amazon Page.
Article published at the World Economic Forum.
The unprecedented monetary expansion we have witnessed in the past years is on track to put the balance sheet of some of these central banks at 20% to 100% of the GDP of their countries. Massive monetary stimulus and more than 600 interest-rate cuts have been drivers to support a global recovery. But the risks cannot be underestimated.Continue reading Escape from the Central Bank Trap
Watch the entire interview here talking about the Rising Challenges of the European Union