This is a real puzzler.
By: Matthew C Klein
Cashing out of stocks after prices have dropped can make a lot of sense if you’re worried that incompetent policymakers are about to drive your country into a repeat of the Great Depression.
Lots of money chashing expensive assets generally doesn’t end well.
Something odd in the ECB’s disaggregated financial statements.
Central banks generally think they are reacting to changing economic conditions. What if they’re actually causing them?
The euro area starts to look like a functional monetary union when you focus on America’s worst-performing state.
New research on why people stop paying their mortgages from New York seems to contradict older research on the subject from Atlanta and Boston.
Creative efforts to detract from the standard narrative don’t hold up to scrutiny.
From hot money flows to the cross-currency basis.
An intriguing relationship broke down last November.
Funny how that works.
Labour standards are important too.
Mark Carney thinks he’s too old to be a central banker? Or that he’s young at heart?
A few brief thoughts on the departure of another Fed governor.
Can anyone seriously argue that Greece’s institutions are so much worse than Argentina’s or Turkey’s?
At least, that’s the most straightforward reading of their chart.
New research shows that money-losing businesses that can raise money because they seem “sexy” dramatically underperform the broader market.
Admittedly, it helps to understand how the balance of payments works.
Digging into the components.
Imputed income isn’t the same as the real thing.
Americans have finally gone back to taking more equity out of their homes than they put in, but for some Fed officials it still isn’t enough.
All about that basis.
Bernstein analysts think they figured out what #MAGA really stands for.
A bogus concept deserves to be buried.
Some useful perspective from CreditSights.
That seems like a lot.
From civil wars to earthquakes to sex scandals, financial crises, and more.
Less than you might think, according to new research from the Bank for International Settlements.
Some fun with caps and floors.