President Obama and Fed Chair Janet Yellen have been crowing about improving economic conditions in the US. Unemployment is down to 5.5 percent and growth in 2014 hit 2.2 percent.
Journalists and economists point to this improvement as...
Frank Hollenbeck
Frank Hollenbeck, PhD, teaches at the International University of Geneva. See Frank Hollenbeck's article archives. You can subscribe to future articles by Frank Hollenbeck via this RSS feed.
Articles by Frank Hollenbeck
The ECB decision to limit liquidity to Greek banks was another nail in the euro-coffin, and rumors of a “Grexit” caused bank withdrawals to accelerate. Over 25 billion euros have been withdrawn from Greek banks since the end of November...
The Federal Reserve System of central banking was a response to the financial panics of 1903 and 1907 that rocked the US financial system. One of the key objectives, if not the only real one, was to counterbalance the nefarious nature of...
The European Central Bank (ECB) recently imposed negative deposit rates and is preparing a form of quantitative easing (QE) to purchase asset backed securities, corporate bonds or possibly bailout bonds. This policy may seem...
A common argument for dumping the Euro is that it is overvalued, and that the ECB (European Central Bank) is unwilling to correct this so-called “problem.” This overvaluation is regularly cited as being over 10 percent against the dollar....
In November, the ECB (European Central Bank) surprised the markets by dropping its refinancing rate to 0.25 percent to avoid dreaded deflation, and announced it seeks to keep “price growth steady at about 2 percent” which is obviously a...
