Wednesday, August 17, 2016

Disfigured valuations: you may as well keep buying high yield bonds

  G3 Central Banks have disfigured the market's pricing mechanism to such a degree that talk of "overvaluation" is misplaced: "overvalued" rel... Read More >>

Wednesday, June 15, 2016

How artificially low interest rates distort growth

  Central Bank buying of bonds artificially depresses their yields. Bad for investors relying on market signals!  Low rates hin... Read More >>

Friday, November 07, 2014

China: How fiscal policies amplify business cycles

Structural flaws in monetary policy.  Just yesterday we suggested that there are various structural flaws in China's monetary policy, fla... Read More >>