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Larry Elliott – 2016 will be a year of living dangerously for the global economy

Economic forecasting is a mug’s game. One thing that has been learned from the financial crisis and Great Recession is that even those equipped with the most sophisticated models get it wrong, sometimes spectacularly. So it is with both humility and trepidation that I will try to fulfil a promise made last week and make predictions for what is going …

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Prof. Ismael Hossein-Zadeh – Who Owns the Federal Reserve Bank—and Why is It Shrouded in Myths and Mysteries?

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. (Henry Ford) Give me control of a Nation’s money supply, and I care not who makes its laws. (M. A. Rothschild) The Federal Reserve Bank (or simply the Fed), …