Showing posts with label Cayman Financial Review. Show all posts
Showing posts with label Cayman Financial Review. Show all posts

Monday, April 22, 2019

22/4/19: At the end of QE line... there is nothing but QE left...


Monetary policy 'normalization' is over, folks. The idea that the Central Banks can end - cautiously or not - the spread of negative or ultra-low (near-zero) interest rates is about as balmy as the idea that the said negative or near-zero rates do anything materially distinct from simply inflating the assets bubbles.

Behold the numbers: the stock of negative yielding Government bonds traded in the markets is now in excess of USD10 trillion, once again, for the first time since September 2017


Over the last three months, the number of European economies with negative Government yields out to 2 years maturity has ranged between 15 and 16:


More than 20 percent of total outstanding Sovereign debt traded on the global Government bond markets is now yielding less than zero.

I have covered the signals that are being sent to us by the bond markets in my most recent column at the Cayman Financial Review (https://www.caymanfinancialreview.com/2019/02/04/leveraging-up-the-global-economy/).

Friday, October 13, 2017

Friday, April 28, 2017

Friday, May 27, 2016

26/5/16: After the Crisis: Why the Slowdown in Productivity Growth?


My article for Cayman Financial Review 2Q 2016 is out, covering the structural nature of labour productivity growth decline in post-crisis economy: see here http://caymanianfinancialreview.cay.newsmemory.com/ pages 66-67 or click on images below to enlarge: