Quantitative Easing

The U.K. Election: An Outsider Looking In

"Intuition suggests Saturday night’s horrific terrorist attacks on London Bridge would have solidified Conservative’s lead. But the polls counter-intuitively indicate a move in the opposite direction... It’s notable that May’s lead did not initially narrow based solely on events that were out of her control, as in three terrorist attacks in three months. Rather, it was her vow to make pensioners’ benefits progressive..."

From Debt Peons To Wage Slaves - Are Students A 'Class'?

Students usually don’t think of themselves as a class. They seem “pre-class,” because they have not yet entered the labor force. They can only hope to become part of the middle class after they graduate. And that means becoming a wage earner – what impolitely is called the working class. But as soon as they take out a student debt, they become part of the economy. They are in this sense a debtor class.

"The Western Status Quo Political System Is Collapsing Into 'Something Else'"

"...as the Western status quo political system collapses into Something Else, how is it possible that our capital markets are not similarly gripped by volatility and stress? What is responsible for breaking the transmission mechanism from political risk to market risk? I’ve got a macro answer and I’ve got a micro answer..."

The Next Stock Market Crash Will Be Blamed On Trump But It's The Fed's Fault

"They'll say, ah, it's all Trump's fault. No. It wasn’t. 08 and 09 wasn’t Obama’s fault. It was the fault of the Federal Reserve, it was the fault of the Keynesian economic model, the spending too much, the deficit. So, unfortunately, there’s nothing he can do — Trump can't do it."

In Watershed Event, Europe Unveils Plan To Securitize Sovereign Debt

In a watershed event for the European - and global - bond markets, Brussels is pressing for sovereign debt from across the eurozone to be "bundled into a new financial instrument and sold to investors as part of a proposal to strengthen the single currency area."  Call it securitized sovereign debt.