Negative interest rates have a pernicious effect on human beings. They corrode the structures of society, culture and people’s mindsets, triggering widespread resignation and even nihilism.
We now witness the marks of the inverted universe of ultra-loose monetary policy and lax central banking.
The Fed’s current interest rate increases are to tamp down the possibly very dangerous effects of fiscal recklessness during a time of a booming U.S. economy.
The surprisingly strong interest rate hike in Turkey makes a recession even more likely.
How Turkey’s central bank plans to regain market confidence that it will eventually hit its 5% inflation target again remains a mystery.
The Federal Reserve going about the process of tightening in the wrong way could have severe global repercussions.
The peculiar logic of raising interest rates because you pre-announced it
If the Fed wants to wait for economic circumstances that are perfectly balanced for a rate rise, that day might never come.