deflation

Uber-technician Louise Yamada is now warning that the secular bear market in equities is likely to be joined by one in bonds as well.  In the video below, she talks with Bloomberg’s Pimm Fox about her view that bond yields are going to…

Back in July, Ed pointed to some comments by George Soros on currencies that I felt were perceptive. Soros said: The dollar is a very weak currency except all the others. With most major currencies down significantly against the…

As we discuss sovereign debt levels, currencies and competitiveness, it bears remembering that interest rates are at the heart of many of these debates. To the degree debt service costs are the only measure used to determine how high a…

This is a post I just wrote over at Yves Smith’s site Naked Capitalism in response to a reader request. Marshall Auerback has already written a reply as well and I will post this later today. A reader at Naked Capitalism asked us to…

Steve Horwitz had an interesting read last week on Friedrich von Hayek, the Nobel Prize winning Austrian School economist. Von Hayek is best known for his 1944 Libertarian call to arms “Road to Serfdom” and is generally considered one of…

Morgan Stanley has an interesting piece out this morning called Debtflation. In the past, they have raised alarm bells over what they see as embedded inflation in the loose monetary policy presently being followed by most central…

Wolfgang Munchau of the Financial Times wrote a very important comment piece in today’s Financial Times. In it he said that central banks are targeting asset prices to avoid the brunt of cyclical downturns. This policy is inducing asset…

Earlier today I wrote a post featuring comments by Marc Faber as I like to do from time to time.  In this particular case Dr. Faber was waxing prosaically about an eventual bankruptcy of the U.S. government.  His money quote was:…

Below are two videos from Marc Faber’s recent interview on Asia Confidential.  In it, he takes questions from user emailsregarding the U.S. dollar, economic decline in the U.S. and gold as an investment. He sees a need for the U.S. to…

Last week, I highlighted some of the ideas of Australian economist Steve Keen in my post, “Steve Keen and the spectre of terminal debt.”  Keen is of the Minsky camp and he believes that an unsustainable debt bubble has build up in the…