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The Floodgates Begin To Open
The Floodgates Begin To Open It’s now clear that what governments did to counter the Great Recession may have delayed systemic collapse, but did not resurrect the old normal. Growth around the world is anemic – which is to say debt continues to increase faster than the productive capacity to service it – and inflation […]
First Post-Brexit Bailout Looms As Bank Of England Mulls UK Property Fund ‘Measures’
First Post-Brexit Bailout Looms As Bank Of England Mulls UK Property Fund ‘Measures’ Who could have seen that coming? While many have questioned the “suitability of daily-traded, open-ended property funds that are giving investors access to an illiquid asset,” all the time the price is rising, no one wants to rock the boat. However, now that Brexit […]
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity There was a reason why we warned readers two days ago that “The World’s Central Bankers Are Gathering At The BIS’ Basel Tower Ahead Of The Brexit Result“: simply enough, it was to facilitate an immediate response when a […]
Another Stern Stock Market Crash Warning Was Just Issued by the IMF
Another Stern Stock Market Crash Warning Was Just Issued by the IMF Another stern stock market crash warning was just issued from the International Monetary Fund (IMF), and it’s fueling fear across global markets. The IMF, an organization of 189 countries, is worried about the ripple effects should the United Kingdom vote to leave the European Union […]
Albert Edwards Explains Why The “Global Economy Will Be Thrown Into Chaos”
Albert Edwards Explains Why The “Global Economy Will Be Thrown Into Chaos” SocGen’s permarealist, Albert Edwards, has been the one person who for the past decade has firmly held the belief that a “deflationary Ice Age” is upon the world – courtesy of an unmanageable debt load – no matter what central banks do. There […]
Mark Carney wants business to calculate the fossil fuel future: Don Pittis
Mark Carney wants business to calculate the fossil fuel future: Don Pittis Bank of England governor’s climate change warning puts the focus on the bottom line No doubt Bank of England governor Mark Carney has personal views on whether or not climate change is a danger to his children’s future. Most thoughtful people do. But when the […]
Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper
Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper The first rule of “Project Bookend” is that you don’t talk about “Project Bookend.” In retrospect, maybe the first rule should have been “you don’t accidentally e-mail ‘Project Bookend’ to a news agency”, because as the Guardian reports, one of its editors opened his inbox […]
Canada’s Central Bank is Headed by a Comedian
Canada’s Central Bank is Headed by a Comedian Yet Another Delusional Bubble Blower Canada is home to one of the most egregious housing and credit bubbles in the world – a legacy of its former central bank governor Mark Carney, who is now blowing a similarly dangerous bubble in the UK as governor of the […]
Mark Carney defends Bank of England over climate change study
Mark Carney defends Bank of England over climate change study Governor hits back at Nigel Lawson’s description of research into effects of global warming on insurance industry as ‘green claptrap’ Climate change is one of the biggest risks facing the insurance industry, the governor of the Bank of England has said after a former Conservative chancellor dismissed […]
‘The Communist Manifesto’ (2015 edition)
‘The Communist Manifesto’ (2015 edition) In the Communist Manifesto, Karl Marx wrote that “a specter is haunting Europe — the specter of communism.” That image has been much adapted. The specters that have been held to haunt the Europe of today include Americanization, privatization, the far right, and the breakup of the euro, among others. Mark […]
Bank of England committee remains divided over interest rates rise | Business | The Guardian
Bank of England committee remains divided over interest rates rise | Business | The Guardian. The Bank of England’s interest rate setting committee was split in the last month of this year after two members maintained their view that forecasts of higher wages next year should be offset by higher credit costs. Martin Weale and […]
New rules proposed to put an end ‘too big to fail’ banks | Reuters
New rules proposed to put an end ‘too big to fail’ banks | Reuters. (Reuters) – Global regulators on Monday proposed new rules to ensure that bank creditors rather than taxpayers pick up the bill when a big lender collapses. Mark Carney, chairman of the Financial Stability Board and Bank of England governor, said the […]
