John Browne

Posted February 11, 2016

On January 29th, Japan's central bank governor, Haruhiko Kuroda, announced that the Bank of Japan would introduce a Negative Interest Rate Policy, or NIRP, on bank reserve deposits held in excess of the minimum requisite.

Posted January 27, 2016

From a financial perspective, the New Year has been anything but happy. As of January 20th, the S&P had fallen over 9% since the beginning of the year, to levels not seen since 2014,reflecting a loss of some $2 trillion in market value.

Posted December 11, 2015

On November 30th the International Monetary Fund (IMF) announced that it would admit China's Renminbi currency, commonly known as the Yuan, to the select basket of reserve currencies that make up its Special Drawing Rights (SDR's).

Posted September 09, 2015

Donald Trump has successfully placed immigration at the center of the U.S. Presidential election.

Posted July 28, 2015

The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.

Posted June 18, 2015

Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union.

Posted April 22, 2015

On April 10, General Electric, which for 123 years has been one of America's best known and most highly respected companies, announced a radical return to its basic industrial roots.

Posted April 01, 2015

Over the past few decades while the economic power of the Chinese has grown exponentially, many observers have been surprised by the relative willingness of China to operate within the financial and economic framework established by the dominant Western order.

Posted March 23, 2015

It is not just the level of the euro's fall, but also the speed of its fall which can prove to be so challenging. Even U.S. companies have been given little opportunity to hedge their euro-denominated revenues.

Posted March 20, 2015

In the closing months of 2014, Germany faced a difficult dilemma. Although its own economy was holding up well, incoming data showed that the rest of the Eurozone was rapidly slipping into recession.

Posted March 04, 2015

Like many of the important discussions in the economic world today, the negotiations between Greece and its European creditors has become increasingly absurd.

Posted February 10, 2015

Lost in this discussion is that modern Greece, formed in 1830, has never really been required to stand on its own. Generations of support from abroad, typically given for strategic reasons, has created a false sense of prosperity in the country.

Posted January 25, 2015

Most of the so-called developed world has followed the U.S./UK-led 'Anglosphere' in pursuit of Keynesian economics, focusing on consumption-based economic growth that can supposedly be stimulated by currency debasement.

Posted January 24, 2015

Most of the so-called developed world has followed the U.S./UK-led 'Anglosphere' in pursuit of Keynesian economics. On the other hand, the Germans and the Swiss have long been seen as the champions of Austrian economics, which favored an economic growth based on savings, production and sound money.

Posted January 12, 2015

Even if we estimate that real inflation is currently 3%, then our "normal" rate of interest should be around 5%. This is some 50 times the rate paid currently on most bank deposits. This gap is distorting the economy in untold ways.

Posted January 10, 2015

Late last year, with the U.S. economy experiencing falling unemployment and seemingly low inflation, observers were extremely confident that the Federal Reserve would move judiciously in 2015 to restore 'normal' interest rates sooner rather than later.

Posted December 06, 2014

Despite falling oil prices, the Organization of Petroleum Exporting Countries (OPEC) voted on November 27th not to cut production in order to boost prices. The key to this decision appears to have been the attitude of Saudi Arabia.

Posted November 04, 2014

Last week, the unelected European Commission demanded that the United Kingdom pay an additional $2.8 billion to fund the European Union.

Posted October 02, 2014

On September 26th, the English Parliament voted to join the U.S.-led bombing of ISIL, at least in Iraq. The news was received with relief by most in the Anglosphere world and throughout Europe. However, very little regard has been paid to the relative benefits and costs.

Posted September 15, 2014

Last weekend several polls emerged that shockingly forecast Scottish independence from Great Britain is within the realm of political possibilities.

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