It is very hard for most people to realize that the world has been – and still is – dealing with a global disinflationary wave. Central banks around the world are very worried that this disinflationary swoon will likely produce...
Now that the Republicans control Congress, the expectation is that they will want to use this opportunity to demonstrate to the American people that they can govern effectively.
Things in Europe are bad and policymakers appear already to have fallen behind the curve. The reality is the ECB will need to purchase at least another €1.5 trillion in assets, and even that may not be enough to avert a severe slowdown.
Current conditions in Europe are a harsh reminder of 2011, and may lead the world's financial system to its very own stress test - not only limited to the European banking sector.
Aesop’s fable of The Boy Who Cried Wolf is an ancient Greek story dating back to 620 BC. The tale involves a lonely shepherd boy who was looking for excitement. The boy concocted a plan to generate excitement by running down the hill and...