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Submitted by Lars Christensen via Market Monetarist blog, Today I was interviewed by a Danish journalist about the Italian banking crisis (read the interview here). He asked me a very good question that I think is highly relevant for understanding not only the Italian banking crisis, but the Great Recession in general. The question was: […]

Money doesn’t exist – as we explain in Splitting Pennies.  Money is an idea, an abstraction – a belief system.  A dogma.  So is a country.  In fact, a country IS a currency.  EU nations have given up their sovereignty to join the Euro (and we see how well that’s working out for them). Brexit […]Read More

Overnight, we previewed what was about to be a historic for the eurozone bond auction, when this morning Germany sold its first ever 10Y bonds with a zero coupon. As it turned out the issue was historic in another way as well: with the prevailing 10Y bond trading well in negative yield territory, it was […]

Submitted by John Rubino via DollarCollapse.com, As the abject failures of the past few years’ monetary experiments became apparent, it was clear that something else would have to be tried. The only questions were when this would happen and how crazy the next iteration would be. Both answers are now coming into focus, and they’re […]

Has to be above 16% to make sense to me https://t.co/kMNAsWTSYv — Ugodre Obi-chukwu (@ugodre) July 13, 2016 The National Bureau of Statistics is expected to release the consumer Price index for the Month of June anytime this week with some analysts are already predicting a gradual reduction in the price of Inflation. However,  at […]

In financial services and fintech, there’s no such thing as a free lunch. And while ‘free’ can be an effective marketing phrase for the purposes of boosting customer acquisition, you’d better mean it, or else. Because thanks to social media, if you promise and don’t deliver, then the whole world is going to know about […]Read More

The Services Family – a new UK bank aimed at armed forces members – shows how digital provision can help banks achieve viability at a small scale. New technology may therefore, paradoxically, aid the rebirth of old-fashioned community-based banking. In June 2016, The Services Family announced it will launch by the end of the year. […]

I can remember a few years ago that the UK pound was almost at the level of being valued at $2. Two dollars to the pound. Amazing. I brought a lot of American stuff that year. A couple of days ago, I bought something and it was $1.30 to the pound. Shoot. The dinner for […]

We’ve been hearing a lot about blockchain lately, and for good reason. This platform is poised to change the way we do finances on this planet. Is this good or bad? Well, let’s allow the experts to tell us. TMG CTO Pam Brodsack visited our virtual studios for a compelling and revealing chat about blockchain, and […]Read More

Foreign investment serves much of the UK commercial property space, and insurers need to be aware of the benefits and drawbacks of the decision to leave the EU in relation to overseas investment in the market. Commercial property in the UK is a prize asset for domestic and foreign investors. Much of the take-up is […]

I couldn’t let this one go by without commenting on it. A regular theme in this blog is get rid of old technology if it’s running core systems. The reason is that systems designed before Mark Zuckerberg was born are surely not fit for purpose in this day and age. Well, the CIO of ANZ […]

As a few fintech companies such as Lending Club, Betterment, and others have run into some rough patches lately, it has been interesting to note some of the reactions, especially among bankers (that’s just shorthand, I’m looking at you too, credit union leaders). Some have taken this news as indication that fintech was just a bubble after […]Read More