When a central bank prints money and buys a government bond, it is the same thing as cancelling that bond (so long as the central
Richard Duncan
Recent Posts by Richard Duncan
The European Central Bank has announced a massive Quantitative Easing program that is very likely to push European stock prices significantly higher. The new Macro
The key to understanding the economy and the financial markets in the 21st Century is this: Credit growth drives economic growth. From 1952 to 2008,
There is a broad consensus among financial market participants that interest rates will rise in 2015. If they do, the stock market and the economy
Over the past 250 years, the growth of Capital has completely transformed the world. The next time you fly, look out the window. Most of