Top all-time · #25780
Bond Economics
Personal blog · bondeconomics.comeconomicsbusiness
Bond Economics is a personal blog at bondeconomics.com about economics and business. Since 2018, 3 different Hacker News readers have linked it 3 times. It is still writing: the last post was on 2026-10-30, and you can follow it by feed.
Too few sampled comments (3) to say how often HN recommends it.?
Why HN links it
HN readers link Bond Economics for analysis of central banking, bank failures from interest rate rises, and eurozone debt crises. Commenters mostly cite it as background, with one disputing its account of bank reserves.
Summarised by Claude from a sample of 3 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
A blog for analysis of bond market economics.
What Hacker News says?
This bit isn't correct. "The bank must settle the transaction with the vendor’s bank using reserves held at the central bank. If the borrower never repays the loan, then the bank’s reserves will not be replenished, reducing its ability to lend further." If a borrower never repays a loan, then the bank's capital is reduced (on the other side of the balance sheet from reserves) and the bank has to obtain more capital…
Comment linking /2022/09/bank-reserves-demystified.html
on “What to read to understand central banking”> The lesson here is sudden interest rate increases can cause bank failures. This was a mostly unknown unknown. What? It's only unknown if all you know about financial crises are from 2008. A google search on "borrowing short and lending long" gives this in the first page: http://www.bondeconomics.com/2015/09/banks-borrowing-short-a...
Comment linking /2015/09/banks-borrowing-short-and-lending-long.html
on “Urgent: Sign the petition now”"At root was a failure to grasp the elemental point that currency unions with no treasury or political union to back them up are inherently vulnerable to debt crises. States facing a shock no longer have sovereign tools to defend themselves. Devaluation risk is switched into bankruptcy risk." This is the fundamental issue. It's not a surprise. It has been explained by many commentators even before the Euro existed (…
Comment linking /2015/07/book-review-eurozone-dystopia.html
on “IMF staff made misjudgments in Greece, became cheerleaders for the euro (2016)”