editorial partner: Liberte! Friedrich Naumann Foundation

Economy

Economy
Power of Central Banks Moved By Markets
But today it could happen anywhere; for example in China. It seems that counterparty mistrust among financial institutions reached extreme levels in China last week, where so called Shibor, or the Shanghai Interbank Offered Rate, has been surging.
Economy
We Intentionally Created the Bubble
Let\'s be clear. We\'ve intentionally blown the biggest government bond bubble in history … We need to be vigilant to the consequences of that bubble deflating more quickly than [we] might otherwise have wanted.