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Credibility problems: The Fed isn’t convincing and Truflation isn’t true
Today we got the US inflation (CPI) data for January. Both headline inflation and core inflation (excluding food and energy prices) came in higher than expected. Headline inflation was 3.0%...
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Make Inflation Great Again? Trump’s Trade War Sparks Price Surge Fears
Recent developments in US financial markets are painting an increasingly clear picture of rising inflation expectations, a phenomenon we might call ‘Trumpflation’. T he evidence is mounting across...
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The Erosion of Institutional Democracy: America’s Shift Toward a Latin-Style...
I should start by noting that cultural analysis is not my area of expertise—I typically focus on economic policy and market-driven explanations. However, recent developments in American political...
View ArticleHow Biden and Powell Mismanaged the 2021 Recovery – A Mistake Trump Seems...
The Golden Opportunity—Squandered Four years ago today, just as Biden had become president, I wrote the following on Facebook (in Danish): “No more grumbling from here. How is the US economy doing?...
View ArticleCreating an Interactive Monetary Policy Simulator with AI
How we transformed Market Monetarist theory into an interactive tool with Claude AI Recently, I discussed the risks of political interference in monetary policy and the potential for a 1970s-style...
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Trump-Trade Unwinding: Bitcoin, (Micro)Strategy and Tesla in the Silver Trap
When Donald Trump was re-elected in November, tech stocks and cryptocurrencies received a massive boost. Bitcoin, Tesla, and MicroStrategy (now Strategy) were among the biggest winners. But now the...
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Trump’s Pump and Dump: Politicising and Destabilising Crypto Markets
The term “pump and dump” refers to a scheme where certain investors acquire a financial asset at a low price and then actively attempt to inflate its market value by spreading positive...
View Article‘Globale Tanker’ (Global Thoughts) – A New Platform for Economic Insights and...
In an era of rapid economic shifts, geopolitical tensions, and technological transformation, understanding the forces shaping our world has never been more crucial. That is precisely why Paice, a...
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Hidden in Plain Sight: How the Fed Has Quietly Followed Friedman’s K-Rule for...
Milton Friedman famously argued that central banks should follow a rule ensuring a constant growth rate of the money supply – also known as the k-rule. The Federal Reserve attempted to implement a...
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The Fiscal Reckoning: Trump’s Inconvenient Legacy
The graph below shows the relationship between the federal budget situation (% of GDP) in the USA and American unemployment. Blue dots represent years with Democratic presidents, red dots show years...
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