30.03.2023 - Comments
Rising interest rates have plucked many investors and caused some banks to falter or fall. But the biggest losers are the owners of the biggest bond portfolios, and that means the central banks. But central bankers can hide the losses. As long as citizens do not discover the hiding place, all is well.
This comment is available in German only.
16.09.2022 - Macroeconomics
by Thomas Mayer