credit cycle Archives - Rethinking the Dollar

Alasdair Macleod: The World Of Fiat Currencies Faces Its Last Hurrah

Dec 17, 2019 | News

Since the turn of the millennium there have been two global bank credit crises: the first was the deflation of the dot-com bubble in 2001–2, and the second the 2008–9 financial crisis that wiped out Lehman Brothers. It was clear from these events that the debate over...

Deeply negative nominal rates are on their way by Alasdair Macleod

Aug 8, 2019 | News

Growing evidence of a severe global recession is sure to provoke more aggressive monetary policies from central banks. They had hoped to have the leeway to cut interest rates significantly after normalising them. That hasn’t happened. Consequently, as the recession...