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Newsclips

Bank Liquidity Is Still the Issue!

We keep returning to the issue of depositors withdrawing funds from banks for higher-yielding alternatives. This is a liquidity crisis impacting the liability of side of the banks' balance sheets. Banking data released late last week show the problems are not yet over.... Read More

Newsclips

What the Consensus Continues to Miss

The latest updates to the consensus economic view are more of the same. A recession is coming, unemployment will soar, and inflation will return to 2%. This outlook has been wrong for over a year. With all the forecasting errors in the same direction, what are economists missing?... Read More