Tag Archive: current account

How European Leaders Are Successfully Implementing Say’s Law

The concerted actions in September 2012 between the two big central banks reflected two fundamental economic principles: The Fed opted for Keynes' law, the ECB for Say's Law with conditionality. And apparently the ECB was successful.

Read More »

Our March 2013 Analysis: “Volcker Moment Redux”: Upcoming Weakness of Emerging Markets

The 2010 QE2 is a reason why many emerging markets started to slow considerably in the course of 2012. We reckon that this weakness will continue. Bizarrely QE2 helped to reduce global imbalances.

Read More »

The Collapse of the Bretton Woods System, the German Current Account and Gold Reserves

German, Swiss and Japanese gold reserves rose continously in the Bretton Woods system, whereas American and British reserves fell.

Read More »

Before and After Lehman: Switzerland and the United States Compared



Read More »

Why the SNB will not Imitate Hong Kong, but Potentially Singapore



Read More »

Why There Won’t Be A Strong Dollar, Even If The Financial Establishment Thinks So

In this second part of our series we provide arguments why the widely expected strong dollar period might not come. We look at the most important economic indicators that might justify a stronger dollar: the ISM manufacturing index and the interest rate differences between the U.S. and Europe.

Read More »

FX Theory: Understand Terms of Trade and Price-Adjusted Trade Balances



Read More »

Ageing and Immigration in the U.S. and Japan and the New Normal



Read More »

T. Jordan: Strong Swiss franc and large current account surplus – a contradiction?



Read More »

GDP Comparison BRICS Developed Markets

Beautiful charts by Goldman's Jim O'Neill that help to understand the former and future growth of different emerging, "growth markets", the BRICS. We criticise his partially over-optimistic views.

Read More »

Which Of The Six Major Fundamental Factors For Gold And Silver Are Still Positive? Which Are Not? (April 2013)

Having identified the 6 fundamental price factors previously we speak about the gold-silver ratio. We explain which fundamental factors speak for an increase of gold and silver prices and which don't.

Read More »

The European Transfer Union From North To South and from Poor to Rich between 1999 and 2007

Cheap ECB rates and rising home prices helped to enrich Southern Europeans between 1999 and 2007. Germany's middle-class and poor, most of them not owning a home, were the ones that financed it.

Read More »

Opinions of Leading Economists on Japan and the Unholy Alliance of Kyle Bass and Shinzo Abe

We give an overview of opinions of leading economists that want to help Japan out of deflation. Paul Krugman, Richard Koo, Adam Posen and Kyle Bass.

Read More »