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Tag Archives: ecb
A Powerful Ally to the Fed Just Boosted the Prospects for Inflation
A Powerful Ally to the Fed Just Boosted the Prospects for Inflation This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: ECB could follow the Fed’s pro-inflation policy, precious metals in a pandemic, and legendary silver coin to be sold for more than $10 […]
The U.S. Dollar Collapse Is Greatly Exaggerated
The U.S. Dollar Collapse Is Greatly Exaggerated The US Dollar Index has lost 10% from its March highs and many press comments have started to speculate about the likely collapse of the US Dollar as world reserve currency due to this weakness. These wild speculations need to be debunked. The US Dollar year-to-date (August 2020) has strengthened […]
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions
Bank Of Ireland Is Now Imposing Negative Rates On Cash Held In Pensions If you’re holding your pension with the Bank of Ireland, you are now officially being charged to do so. In a move that we’re sure is going to have absolutely no consequences, the bank is starting to impose negative interest rates on cash held […]
ECB v Fed
ECB v Fed QUESTION: Martin, You mentioned in a recent blog post that the ECB, unlike the FED, can go bankrupt. Can you explain further? Not sure where you get the time, energy and resources to research and write all that you do buy it is truly amazing. Regards, M ANSWER: The Federal Reserve does not need […]
Central Bank Crisis Expanding
Central Bank Crisis Expanding QUESTION: Hi Marty.You mentioned in the blog that all European sovereign debt may end up being converted into perpetual bonds. Will it be through debt mutualization or will each country have each own Consol? Could you please elaborate on how this conversion would affect pension funds, banks, social security and individual investors? […]
After the Fed Punts, the ECB Throws Another Hail Mary
After the Fed Punts, the ECB Throws Another Hail Mary Last week FOMC Chair Jerome Powell and company did, essentially nothing, at their June meeting. They held interest rates at 0.25%, did not expand QE nor did they indicate any changes. This wasn’t what the market wanted, as the bond were pushing the Fed to […]
No to the ECB madness
No to the ECB madness The latest ruling of the Federal Constitutional Court is a drop of bitterness in the idyll of the ECB’s excessive money printing. What Super Mario (Draghi) did and what the IMF-imported Christine Lagarde mercilessly continues – 2.6 trillion euros (since 2015), invested in government, corporate and other securities to boost […]
“A Legal Nightmare”: In Latest European “Freakshow”, EU Threatens To Sue Germany Over QE Ruling
“A Legal Nightmare”: In Latest European “Freakshow”, EU Threatens To Sue Germany Over QE Ruling In the latest European farce, the European Commission threatened to sue Germany after the country’s top court questioned the legality of the ECB’s bond-buying program, Bloomberg reported over the weekend. In what Nordea’s Andrewas Steno Larsen dubbed the “ongoing freakshow in the Euroarea”, the […]
Eurozone Breakup Risk at New High
Eurozone Breakup Risk at New High The German Constitutional Court made an unexpected and significant ruling last week against the ECB and Quantitative Easing. QE Deemed Illegal In the midst of a pandemic and an important presidential election, it is very easy to miss globally significant events. Here is one that is way under the radar: […]
Italian Debt Crashes Prompting ECB Intervention
Italian Debt Crashes Prompting ECB Intervention Welcome to the brave new world of a helicopter money, aka the Magic Money Tree (MMT), where everything is crashing and nowhere more so than in Europe, which having made a dramatic U-turn on its historic fiscal stinginess, and where a flood of debt is now expected, bond yields […]
Truth
Truth Every once in a while the truth shines through and we got a few doses of it today. Recently critics who suggested that the Fed’s QE policies artificially elevate asset prices were dismissed as QE conspiracists, but the truth is that central bank policies are directly responsible for the asset price levitations since early […]
Fed Trying to Stop Global Economic Contagion – Martin Armstrong
Fed Trying to Stop Global Economic Contagion – Martin Armstrong Legendary geopolitical and financial analyst Martin Armstrong says, “The Fed is trapped. If it stops (injecting money into the repo market by billions of dollars daily), interest rates will rise.” Armstrong goes on to explain, “The Bank of Japan came out and said we’re going […]
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession The world’s top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery. It […]
The Fed Detests Free Markets
The Fed Detests Free Markets To be completely honest, I wrote -most of- the second part of this a while ago, and then I was thinking this first part should be part of the second, if you can still follow me. But it doesn’t really, it’s fine. I wanted to write something to address how […]
Analysts Stunned After Lagarde Demands “Key Role” For The ECB In Climate Change
Analysts Stunned After Lagarde Demands “Key Role” For The ECB In Climate Change Having failed miserably to “trickle down” stock market wealth for a decade as was their intention, something Ben Bernanke made clear in his Nov 4, 2010 WaPo op-ed, central banks have moved on to more noble causes. Over the weekend Minneapolis Fed chair […]
