Home » Posts tagged 'central bank' (Page 12)
Tag Archives: central bank
Yes, We Have No Bananas–or Rate Hikes
Yes, We Have No Bananas–or Rate Hikes The world’s most powerful central bank is relying on a novelty tune to maintain the hyper-speculative status quo. Back in the Roaring 1920s, a novelty song entitled Yes! We Have No Bananas (1923) was a major hit. The song made fun of a fruit vendor who answered “yes” to every query–even […]
Turkey On The Brink As Calls For Martial Law, Civil War Send Lira Plunging Again
Turkey On The Brink As Calls For Martial Law, Civil War Send Lira Plunging Again For anyone who might have missed it, Turkey is quickly descending into chaos on all fronts. The lira is putting to new lows against the dollar on a daily basis as confidence suffers from a worsening political crisis which began […]
The Federal Reserve – Which CREATED Quantitative Easing – Admits QE Doesn’t Work
The Federal Reserve – Which CREATED Quantitative Easing – Admits QE Doesn’t Work Even the Fed Admits QE Doesn’t Work The Vice President of the Federal Reserve Bank of St Louis (Stephen Williamson) writes in a new Fed white paper (as explained by Zero Hedge): The theory behind Quantitative Easing (QE) is “not well-developed” The evidence in support […]
An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots…
An Almost Perfect Predictor of GDP Growth and Bernie Lays the Boots… I recently watched a video clip of Bernie Sanders laying the boots to Alan Greenspan back in 2003, for Greenspan’s seemingly out of touch perspective of the average American. Now while we do have a repentant banker in Greenspan, a rare phenomenon for sure, I found […]
Turkey Turmoiling: Lira Plunges To Record Low On Financial, Political, Terrorism Fears
Turkey Turmoiling: Lira Plunges To Record Low On Financial, Political, Terrorism Fears Turkey’s lira is once again in free fall, after testing all-time lows against the dollar during multiple sessions of late as political turmoil and civil war wreak havoc on the currency. On Tuesday, the central bank failed to hike rates and delivered what was generally […]
More Trouble In Turkey As Lira Plunges To New Lows, Bond Yields Soar
More Trouble In Turkey As Lira Plunges To New Lows, Bond Yields Soar On Monday, Turkey’s lira plunged to new lows against the dollar as coalition talks between prime minister and AK Party leader Ahmet Davutoglu and nationalist MHP leader Devlet Bahceli broke down. The result, AKP won’t be able to form a coalition government after […]
Deleveraging as a Biblical Plague
Deleveraging as a Biblical Plague Eventful days in the middle of summer. Just as the Greek Pandora’s box appears to be closing for the holidays (but we know what happens once it’s open), and Europe’s ultra-slim remnants of democracy erode into the sunset, China moves in with a one-off but then super-cubed renminbi devaluation. And […]
Will China Play The ‘Gold Card’?
Will China Play The ‘Gold Card’? Alasdair Macleod has posted an article at www.goldmoney.com which I think is important. (See “Credit deflation and gold”.www.goldmoney.com/research/analysis.) The thrust of the article is that China, at some point, will have to revalue gold in China; which means, in other words, that China will decide to devalue the Yuan […]
Who Runs the Fed?
Who Runs the Fed? Ben Bernanke, 2011. (Shirley Li/Medill DC via Flickr) The 2008 financial crisis challenged many orthodox assumptions in finance and economics, including the proper role and accountability of central banks. The U.S. Federal Reserve, commonly known as the Fed, is the world’s most powerful central bank. One major source of Federal Reserve […]
Mexican Peso Dives, Fretting Begins About Peso Crisis
Mexican Peso Dives, Fretting Begins About Peso Crisis “Everyone got used to playing with free, easy money. Now it’s going to cost us.” On July 1, the Financial Times wondered just how low the Mexican peso could go, likening the ill-fated currency to a limbo dance: “Every month, it gets just that little bit lower.” In […]
Does “Creative Destruction” Include the State?
Does “Creative Destruction” Include the State? When do we get to exercise democracy and fire every factotum, apparatchik, toady and lackey in the state who has abused his/her authority? Everyone lauds “creative destruction” when it shreds monopolies and disrupts private enterprise “business as usual.” If thousands lose their middle-class livelihoods– hey, that’s the price of progress. […]
Stephen Poloz’s Zen Moment
Stephen Poloz’s Zen Moment To cut or not to cut, that is the question. And fortunately for Bank of Canada Governor Stephen Poloz, it was a pretty easy question. A lagging US recovery, China’s downturn, lower oil prices and “bad weather” all contributed to this interest rate cut. “I wouldn’t describe it as a close […]
The Crash in China Continues – and is Engulfing Hong Kong
The Crash in China Continues – and is Engulfing Hong Kong Efforts of Potent Directors Ignored When we first commented on the emerging problems with China’s market bubble, we warned that although a bounce from oversold levels was the most likely outcome, it wasn’t set in stone. It appeared to us that Chinese investors were especially prone […]
Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday
Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday Update 2: Greece’s Skai reports that if/when banks reopen (supposedly on Tuesday), a 60€ withdrawal limit will be imposed. Update: In a televised address to the nation, Greek PM Alexis Tsipras assured Greeks that their deposits are safe despite an upcoming bank holiday and […]
Bank Of Greece Pleads For Deal, Says “Uncontrollable Crisis”, “Soaring Inflation” Coming
Bank Of Greece Pleads For Deal, Says “Uncontrollable Crisis”, “Soaring Inflation” Coming The situation in Greece has escalated meaningfully since last week. After the IMFeffectively threw in the towel and sent its negotiating team back to Washington on Thursday, EU and Greek officials agreed to meet in Brussels over the weekend in what was billed as […]
