Monthly Archives: February 2021

Modern Monetary Illusion and Central Planning

Even, the staunchest supporters of Modern Monetary Theory (MMT) may have observed that the very large US Government budget deficits have some consequences. For starters, the USD Index has declined 12% from its April highs whereas Brent oil is up … Continue reading

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Brave New Financial World

On Valentine’s Day, the ECB twitted a feed that captures the mood in the market to a T: “Roses are red, violets are blue,We’ll keep financing conditions favourable‘Til the crisis is through”. That same day, Dr Parik Patel, BA, CFA, … Continue reading

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