Central Banks | PGurus

There is virtually zero probability that this 75 bps hike would even moderately reduce the inflation numbers though this hike is big enough to guarantee the onset of the Minsky moment i.e. setting off an Inflationary Depression

Economy

Powell hikes herald “the Minsky moment”

Shanmuganathan Nagasundaram - June 23, 2022 0

75 bps raise the right move by US Fed? The 75 basis hike by the US Federal Reserve on June 15th was quite extraordinary for...

If we learn from at least our own mistakes, the most sensible way forward would be to bring down the Eccles building and never even contemplate replacing it with another

Economy

Extraordinary popular delusions at the Eccles

Shanmuganathan Nagasundaram - April 21, 2022 0

What emerges from latest FOMC meeting indicates a complete lack of macroeconomic fundamentals Never in the history of the world has the financial well-being of...

The one and the only real reason why prices go up on a secular basis are that governments live beyond their means and they use the central banks to monetize their deficits

Opinion

Crude oil @ $100/ barrel and Murder on the Orient Express

Shanmuganathan Nagasundaram - February 24, 2022 0

No moral dimensions are involved in explaining oil prices but there are powerful economic blind spots at work In the Agathe Christie fable of Murder...