The Wrecker’s Ball of Swinging Interest Rates, by Antal Fekete (2002)

Businessmen must understand what is happening to their capital. Issues that the national debate on the accounting scandals dare not touch.

Gentle readers, below is a scanned copy — the only copy on the internet — of Prof. Antal E. Fekete’s article: The Wrecker’s Ball of Swinging Interest Rates (2002).

This article is necessary to fully comprehend Fekete’s prophetic 1986 warning of the deflationary bond/derivatives bull market that for decades has been, and still is, destroying the capital base of the world economy.

Continue reading The Wrecker’s Ball of Swinging Interest Rates, by Antal Fekete (2002)

Deflation: Retrospect and Prospect, by Antal E. Fekete (1986)

A “Monetary Crank” Vindicated

Dear Universe, here, a gift from Max Photon: below is the only scanned copy on the internet of Antal E. Fekete’s prophetic monograph Deflation: Retrospect and Prospect (1986).

(Also see: The Wrecker’s Ball of Swinging Interest Rates, by Antal E. Fekete (2002)).

Be sure to compare Fekete’s spot-on 27-year-old-young warning of deflation with my Portrait of Deflation, a long-term chart of 10YR US Treasury Bond yields. His prediction is still unfolding before our very blind eyes. The wrecker’s ball is in a powerful deflationary swing.

Continue reading Deflation: Retrospect and Prospect, by Antal E. Fekete (1986)