How 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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Collective American Madness: Trump’s Trade War Sparks a Global Financial...
As of 04:00 European time, in the early hours of Monday, we are witnessing the very real and devastating financial consequences of what can only be described as an American collective brain...
View ArticleThis is Donald Trump’s “Liz Truss Moment”
In 2022, then-British Prime Minister Liz Truss announced an unfunded plan for tax cuts, convinced that the markets would welcome her “pro-growth” policies. Instead, the markets panicked. The pound...
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Vance’s Death Spiral: How Trump’s Liberation Day Turned the Bond Market Into...
You really couldn’t make it up. Just months ago, Vice President J.D. Vance – then a senatorial Cassandra – sat down with Tucker Carlson to warn the world of a looming “bond-market death spiral.” “I...
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