Stock markets have been a hot topic in the media space for the past few weeks. The Dow Jones Industrial Average posted its biggest one-day drop since 2008 at the start of the month, falling 5.2% to 24,190.90 points. The S&P 500 also ended the first week of February down 5.2%, while the Nasdaq closed the week down 5.1% …
More »Gold and Silver as Alternative Investments: Differences in Use
It is a common misconception that gold and silver are nearly identical precious metals and investments. It is true that they are very similar in many ways, and historically the most recognizable uses of each of the two metals – as jewelry and money – are the same. But this is a misleading notion…
More »When will the Bitcoin bubble burst?
The bursting of the Bitcoin bubble will happen when the global economic situation begins to deteriorate. This was commented by the editor-in-chief of the Expert Club for Economics and Politics (EKIP) Georgi Vuldzhev on the “Investbook” show with host Dimitar Vuchev. “It is difficult to predict when this will happen, but considering that central banks are already tightening their …
More »Why cryptocurrencies won't replace gold
Mark Spitznagel, Mises.org With each new peak in the price of Bitcoin, claims that it will become the best store of value of our time – the new gold – become more and more frequent. However, we cannot ignore the fact that it is essentially a speculative investment …
More »Is it a risk or a security to invest in long-term government debt?
In a world where market signals are confused, central banks – extremely dependent on macroeconomic indicators, reforms, savings and investments with their own capital – are left on the back burner, and economies are so fragile in the face of unpredictable events, it is interesting to go back to basics and analyze through the eyes of economic laws and …
More »How the ECB's monetary policy pushed Italian banks to the brink of bankruptcy
As it became clear last week, the banking sector in Italy is in a serious financial crisis and many of the country's largest banks are facing bankruptcy, which is why they need an urgent injection of capital. In the midst of the dispute between Italian Prime Minister Matteo Renzi and statesmen in Berlin and Brussels ...
More »What will the ECB's monetary socialism lead to?
On March 9, the European Central Bank (ECB) launched its expanded asset purchase program, which was officially announced at the end of January at the central bank’s first board meeting of the year. With the expansion of the program’s scope and volume, the ECB will aim to buy 44 …
More »Whose interests does the ECB protect?
"The European Central Bank (ECB) is the central bank responsible for the single European currency, the euro. The ECB's main task is to maintain the purchasing power of the euro and, consequently, price stability in the euro area. The European Central Bank is committed to performing efficiently all central banking tasks entrusted to it, and in doing so …
More »10 things inflation is to blame for
Andreas Marquardt Inflation, defined as the expansion of the fiat money supply, is a primary evil whenever and wherever it occurs. It is the primary and most overlooked cause of many economic and social problems, including: 1. Inflation causes the economy to be cyclical An increase in the money supply, involving more lending, means that new …
More »What will the ECB's new monetary measures lead to?
The short answer to the question in the title is “nothing,” or at least none of the goals that European central bankers state to the public. But before that, let’s take a look at the details of the decisions. At its last meeting on September 4, 2014, the board of the European Central Bank (ECB) took several measures that …
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EKIP– Expert Club for Economics and Politics A Different Opinion