Greece has exited bailout territory and the European Union is making a strong case of the success of the program. Continue reading Greece’s Problems Are Far From Over
Category Archives: On the cover
China. Why we should be even more worried after the devaluation
It was the 27th of May, 2019, when Guo Shuqing, head of China’s banking and insurance regulator, said in a speech that speculators “shorting the yuan will inevitably suffer from a huge loss.”
On the night of the 4th of August, the People’s Bank Of China gave the green light to the third directed devaluation in the past five years. The onshore yuan finished the domestic session at 7.03 per dollar, its weakest level since March 2008, according to Reuters.
I find it amusing to read some analysts stating that the Chinese government’s stealth yuan devaluation has offset the impact of tariffs or will improve the economy.
Continue reading China. Why we should be even more worried after the devaluation
Turkey Could Create A Larger Crisis Than Greece
The Turkish Lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did. Continue reading Turkey Could Create A Larger Crisis Than Greece
Why Central Banks Are Trapped (with Jeff Deist)
Do not miss this discussion on the risks of monetary policy and my book Escape from the Central Bank Trap