A state-owned cryptocurrency is, in itself, a contradiction in terms. The main reason why citizens want to use cryptocurrencies or gold is precisely to avoid the government or central bank monopoly of money. Continue reading Will China Disrupt The Monetary System With A Cryptocurrency?
There is no savings glut. At all
World debt at $250 trillion is 3x global GDP – an all-time record. If we included unfunded liabilities and derivatives, total debts and liabilities amount to over 25x global GDP. Continue reading There is no savings glut. At all
“Crises Happen When We Believe There Is No Risk” Conference at Bloomberg “The Next Big Thing”
This is a video excerpt from my keynote speech at the Bloomberg annual conference “The Next Big Thing”. Continue reading “Crises Happen When We Believe There Is No Risk” Conference at Bloomberg “The Next Big Thing”
A US-China Trade Deal Will Likely Be A Zero-Sum Game
As I explained on CNBC:
Even the most optimistic assumptions are unlikely to change the trend of weak global growth.
Continue reading A US-China Trade Deal Will Likely Be A Zero-Sum Game