Crisis Risks Looming, UK Edition

Yves here. The Bank of England and Fed are engaged in economic malpractice on a large and increasingly dangerous scale. The Fed did recognize that its post-crisis experiment with super low interest rates was producing economic distortions and dysfunction (some contacts say as early as 2012). But when Bernanke tried backing out in 2014, he […]

A Debt Crisis Looming in the Global South?

Yves here. The US has long been indifferent to the effect of its interest rate policies on the rest of the world, even though analysts and even central bankers have warned how destabilizing US interest rate changes are to small economies with large import/export sectors, dollarization, or worse, meaningfully borrowing in dollars. As we wrote […]

A Debt Crisis Looming in the Global South?

Yves here. The US has long been indifferent to the effect of its interest rate policies on the rest of the world, even though analysts and even central bankers have warned how destabilizing US interest rate changes are to small economies with large import/export sectors, dollarization, or worse, meaningfully borrowing in dollars. As we wrote […]