Philippe Herlin  Finance Researcher / Doctor in Economics

   

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Markets are Tanking and They Still Don’t Know Why
Published by Philippe Herlin | Jan 28, 2016 | Articles

2016 is off to a very bad start for the stock markets worldwide: they have lost approximately 10% of their value since January 1st, one of the worst starts of a year in stock market history. Since their peak of last June, stock markets worldwide have declined by 20%, according to Bloomberg, which corresponds to 15 billion dollars in stock market value vanishing in smoke.

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Europe - Bank Default: Deposits No Longer Insured
Published by Philippe Herlin | Sep 18, 2015 | Articles

From now on, when a European bank goes bankrupt, the shareholders shall be the first to foot the bill (makes sense), then the holders of bonds issued by the bank (also makes sense) will be next in line, and if this isn’t enough, the bank will be allowed to use the money in their clients’ accounts directly – a real scandal, a challenge to the right of ownership, a legal hold-up.

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How Financial Repression Flattens Your Savings
Published by Philippe Herlin | Apr 2, 2015 | Articles

“Financial repression” destroys the economy from within. When an over-indebted country is unable to reduce its deficit (or refuses to do it in order to continue financing its voting constituency) it exposes itself to market defiance and fleeing investors. In spite of that, in order to avoid this nightmarish scenario, it uses its sovereign power to force available monies to finance its debt at very low rates.

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