Martin Hutchinson | TalkMarkets | Page 7
Columnist at The Bear's Lair
Martin O. Hutchinson is an investment banker with more than 25 years’ experience, Hutchinson has worked on both Wall Street and Fleet Street and is a leading expert on the international financial markets. At Creditanstalt-Bankverein, Hutchinson was a Senior Vice President in charge of the ...more

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Cromwell, Keynes And The Industrial Revolution
The English Civil War was overwhelmingly important constitutionally, but it also marked a watershed in the country’s economic policy.
Half-Inflated Bubbles Are A Buy
Negative real interest rates, whether due to the inflation of the late 1960s or the infinitesimal nominal interest rates of recent years, generate far more bubbles than were possible under the Gold Standard.
The Dead Hand Of Jacques Delors
Eurozone productivity growth since 2010 has averaged only 0.6% per annum.
Debt Jubilee Would Set Us Back To Sumer
A debt jubilee is a bad idea; it violates property rights, would wreck the capital markets and cause interest rates to soar well into double digits.
Back To The Economics Of 1792
Decades of foolish monetary policy have left real interest rates generally negative and overall returns on capital at appallingly low levels.
2020s Look Like A Bear Bonanza
The deep malaise in the corporate sector will emerge into the open in the 2020s, probably via a wave of bankruptcies of major multinational corporations.
The Case For Gold Grows Ever Stronger
The intellectual case for gold, as a store of reality in an increasingly unreal world, grows stronger by the day.
How Poor Countries Can Beat De-Globalization
The outstanding winners from the 1991-2016 policies of globalization were dwellers in poor countries.
Back To A 17th Century Economic Policy
Our living standards for the past two centuries have been sustained and steadily improved by a rise in productivity, year after year.
Global Stock Markets Look Just Like Bitcoin
A new paper reports that the Bitcoin bubble of 2017-18, when the price of that cryptocurrency reached $20,000, was fueled by “funny money” creation in its sister coin Tether.
Towards A Low-Overhead 2020s
The Western world approaches the 2020s at the top of a boom, with asset prices and leverage at all-time highs and interest rates at all-time lows, yet with living standards mostly disappointing expectations.
The Blessed World Of Low Asset Prices
After a decade of ultra-low interest rates, we have become used to ultra-high asset prices – in big city real estate, stocks, bonds, tech start-ups, art and collectibles, and pretty well everything else you can think of.
Solve Funny Money Problems With A Leverage Tax
We seem doomed to another round of monetary “stimulus” from the Fed and the European Central Bank, at a time when real interest rates are already substantially negative.
The Impoverished 22nd Century
Predictions for the next century have turned downright gloomy.
What Liverpool Could Teach Today’s Fed
Both Liverpool and von Mises would be in total agreement that the monetary policy of the last 24 years has been extremely foolish, and consequently could be expected to have led to gigantic amounts of malinvestment or fictitious capital.
Corporate Debts Are Today’s Worst Assets
The silly-money policies of the last decade have left almost all assets overvalued.
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