The Six Stages of Asset Bubbles: The Crypto Crash
[ad_1] “At some point in the growth of a boom all aspects of property ownership become irrelevant except the prospect of an early rise in price.” — John Kenneth Galbraith…
The Alchemist’s Paradox, Central Bank Sovereignty, and the Fate of Crypto
[ad_1] “It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on…
Strong or Volcker? The Fed and Global Financial Stability
[ad_1] Mark J. Higgins, CFA, CFP, and Raphael Palone, CFA, CFP, will be presenting at the Planejar Annual Conference in Sao Paulo, Brazil, on 24 October 2022. Their program compares…
The Witch of October Is Here: Remember Short-Term Pain = Long-Term Progress
[ad_1] The month of October strikes fear in the hearts of many Wall Street veterans — and for good reason. Over the last 123 years, 7 of the 10 worst…
The Inflation Game: War, Peace, and the Perils of Central Banking
[ad_1] “The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way.” — John Kenneth Galbraith I traveled with my…
The Fed’s “Time of Testing”: Is This Where the Trouble Will Stop?
[ad_1] “This is a time of testing — a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” — Paul Volcker,…
The Fed Isn’t Bluffing: The Real Threat of an Upside-Down Depression
[ad_1] “Shortly after October 6, 1979, [US Federal Reserve chair Paul Volcker] met with some chief executives of medium-sized firms. . . . One CEO announced that he had recently…
Powell Prescribes More Economic Pain: Three Financial History Lessons Support His Diagnosis
[ad_1] “Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from…
The Eye of the Storm: The Fed, Inflation, and the Ides of October
[ad_1] The eye of a hurricane is a deceivingly perilous place. Those lucky enough to enter it unscathed may enjoy a well-deserved respite, but the blue skies and calm winds…