Greece has seemingly weathered its financial crisis, but the fundamental problem with the Euro of who creates its money remains.Read More
Financial Advisor Tim Hayes AIF®, CRPS®, AWMA®, CFS®, APMA®
The Euro is a currency without a country. Its creation highlights how economists misunderstand what money is as they cling to a belief that money replaced barter.
Exports, the whole world, cannot increase them because someone has to buy them. And it can’t be just the U.S. consumer who buys them.Read More
The Brexit vote amplifies the forces that were already causing slower worldwide economic growth, keeping interest rates low, and providing a favorable backdrop for bonds.Read More
Trade deficit happens when one country such as the U.S. buys more products from a country like China than it sells to that same country.Read More
Negative interest rates started with central banks charging commercial banks for keeping excess reserves at the central bank.Read More