Black Monday: who is to blame ?
August 5, 2024Collapse of the Japanese Stock Market on August 5, 2024: A 12.4% Drop in a Single Session – The Worst Since the Infamous “Black Monday” of 1987! I see multiple reasons for this: Low Liquidity: The traditionally low liquidity in financial markets during the summer months. Weak Governance: The poor governance by Japanese authorities.…
Sorry, we’ve run out of ammo
June 18, 2022Inflation and deflation lead to the same conclusion: the loss of buying power. Up until the very recent past, deflation was caused by outsourcing to developing nations combined with rising global debt levels. Having tried – sometimes desperately – to revive inflation, the central banks got more than they’d bargained for but were also…