ALL BLOG POSTS
10 years ago today – I was at a Christmas party with my then employer Danske Bank when we got the sad news. Milton Friedman my big hero had died.
It is hard to find any good economic arguments for protectionism. Economists have known this at least since Adam Smith wrote the Wealth of Nations in 1776. That, however, has not stopped president-elect Donald Trump putting forward his protectionist agenda.
I’m not a white nationalist, I’m a nationalist. I’m an economic nationalist…
At Markets & Money Advisory we have tried to think a bit about different themes and scenarios for the global economy and markets in 2017.
The Federal Reserve is widely expected to hike the Fed funds target rate by 25bp today. The real question is how much more the Fed will deliver going forward.
Yesterday, we wrote a short post on Israeli monetary policy and linked to one page on Israeli monetary conditions to give an example of how the "country pages" in our - Markets & Money Advisory - new monthly flagship publication Global Monetary Conditions Monitor (GMCM) will look like. We expect to publish the first edition in March - coinciding with the launch of our new website.
It is hard to be very critical about the conduct of monetary policy in Israel. I have earlier praised the Bank of Israel (BoI) for essentially being an NGDP targetter and when Stanley Fischer was BoI governor nominal GDP basically was kept on a straight line (see here).
The economic suffering of the Greek people is horrendous and it has to stop - interview on TRT World
Yesterday I was interviewed for TRT World about the Greek economy and possible Grexit. Have a look here.
Greece is once again back on the agenda in the European financial markets and we are once again talking about Greek default and even about Grexit. There seems to be no end to the suffering of the Greek economy and the Greek population.