At the end of 2019, instead of a market commentary on the last month, I think it is appropriate to do a more general overview of the economic and financial trends that we have observed over the past year. Such an overview is extremely valuable right now, because over the past year it has already become very clear that the economic cycle …
More »Central banks cannot solve the problem of unused resources
Author: Frank Shostak, Mises.org It is widely believed that the resources that in normal times are used to generate economic prosperity are not used to their full capacity during recessions. Some experts argue that what is needed in such situations are policies that will increase the availability of credit …
More »The Madness of the Modern World or the Raging Leviathan: Part II
Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …
More »Central bankers have declared war on your savings
Author: Andrew Moran, libertynation.com When any of the many bubbles burst – choose your poison – and the next financial crisis hits Wall Street and Main Street, how will governments and central banks react? They have already fired all their unconventional bullets, from negative interest rates to massive money printing …
More »25. Pre-Crisis Investing with Desislav Vassilev
0:22 – Introduction of the topics and the guest in the episode Desislav Vassilev, licensed investment consultant 02:40 – Financial news from Bulgaria 16:55 – Macro and Markets 25:45 – Fintech and alternative investments 30:51 – Interview with Desislav Vassilev 31:33 - In your experience as a financial consultant, what is your opinion …
More »The Madness of the Modern World or the Raging Leviathan: Part I
Author: Yaroslav Romanchuk Translation: Marina Zaharieva The world economy is synchronously falling into the zone of another powerful turbulence. This is no coincidence, given all the efforts of central banks and governments. It is they who take care of the synchronization in the inflation of market bubbles of various assets and resources. It is they who succumb to lobbying …
More »23. A Guide to Navigating the Coming Crisis with Biser Manolov
0:22 – Introduction to the topics in the episode and the special guest financier Biser Manolov 01:02 – News from Bulgaria 01:53 – Why are banks in Bulgaria massively raising fees and commissions? 04:33 – Banks vs. new fintech companies like Revolut – are banks losing the battle? 06:20 – The paradoxical monetary and regulatory policy …
More »Negative interest rates and financial repression
Author: Mark Thornton, Mises.org We are constantly told that unprecedented levels of money printing by the Federal Reserve and other central banks are necessary to stimulate the economy, create jobs, and generate economic growth. The truth is, this is a scheme to covertly steal purchasing power…
More »Negative interest rates are the price we pay for de-civilization
By Jeff Deist, Mises.org Bloomberg Terminal, the financial software used by countless analysts and traders around the world, has a problem: its system can’t price bonds that use negative interest rates. The programmers never even considered such a situation possible, so they didn’t …
More »Stocks hit new records in June, as did gold, but investors fear a correction
All stock markets are performing well in June, with the S&P500 even hitting a new record. Government debt is also performing well, with gold prices seeing a very large increase. However, investors are wary because the previous two major corrections in stocks followed similar levels of growth. Analysts expect the Federal Reserve to cut interest rates...
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EKIP– Expert Club for Economics and Politics A Different Opinion