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Tag Archives: ecb
Gold – No Time Left for Conspiracy Theories
Gold – No Time Left for Conspiracy Theories To some, this is a religious battle. To others, it is just a time to rip off a lot of people by selling fantasies and sophistry. I have stated this many times, so here it goes again: Gold rises when people lose confidence in government. It has nothing to do […]
Billary Buddy Marc Lasry’s Last Rodeo——The Jig Is Up On 25 Years Of Bottom Fisher Bailouts
Billary Buddy Marc Lasry’s Last Rodeo——The Jig Is Up On 25 Years Of Bottom Fisher Bailouts As the Fed’s third and last bubble of this century heads for its splatter spot, the stench of desperate crony capitalism fills the air. You can count hedge fund mogul and Billary Buddy, Marc Lasry, among the upchucking financiers. […]
Yes, The ECB Chief Economist Really Said It: “If You Print Enough Money, You Always Get Inflation. Always.”
Yes, The ECB Chief Economist Really Said It: “If You Print Enough Money, You Always Get Inflation. Always.” Once upon a time there was a cute, if amusing and terribly disingenuous debate among those who have never actually traded but pretend to know finance, about what QE and “unconventional policy” actually was. “It’s an asset […]
Will 2016 Bring Another 2008-Type Crash? Pt. 1
Will 2016 Bring Another 2008-Type Crash? Pt. 1 The world is lurching towards another Crash. Japan, which has been ground zero for Keynesian insanity, is back in technical recession. This comes after the Bank of Japan launched the single largest QE program in history: a QE program equal to 25% of GDP launched in April 2013. This […]
Spain Says “No”
Spain Says “No” For the third time in a year, the tight-fisted, austerity policies of the European Union (EU) took a beating, as Spanish voters crushed their rightwing government and overturned four decades of two-party reign. Following in the footsteps of Greek and Portuguese voters earlier this year, Spaniards soundly rejected the economic formula of […]
The Great Greek Bank Robbery
The Great Greek Bank Robbery ATHENS – Since 2008, bank bailouts have entailed a significant transfer of private losses to taxpayers in Europe and the United States. The latest Greek bank bailout constitutes a cautionary tale about how politics – in this case, Europe’s – is geared toward maximizing public losses for questionable private benefits. […]
Paper Money Versus the Gold Standard
Paper Money Versus the Gold Standard We are living in a time that can only be considered monetary chaos. The U.S. Federal Reserve has manipulated key interest rates down to practically zero for the last six years, and expanded the money supply in the banking system by $4 trillion dollars over that time. And with […]
The Next Domino: CANADA
The Next Domino: CANADA The Federal Reserve has kept its zero interest rate policy (‘ZIRP’) for several years (and much longer than originally anticipated) whilst the European Central Bank seems to be getting serious about doing ‘better’ and has now reduced the deposit rate at the ECB to -0.30%. It’s already remarkable a central bank doesn’t seem […]
Can’t Argue With a Confident Man
CAN’T ARGUE WITH A CONFIDENT MAN “I can say therefore with confidence – and without any complacency – that we will secure the return of inflation to 2% without undue delay, because we are currently deploying tools that we believe will achieve this, and because we can, in any case, deploy our tools further if […]
Financial War over Oil Reshapes World, Will End with Much Higher Prices
Financial War over Oil Reshapes World, Will End with Much Higher Prices Low oil prices are the wreckage from a war – a financial war. By Larry Kummer, Editor of the Fabius Maximus website: Oil sell-off after OPEC makes even ECB look good. Better to have announced something, even if less than hoped for, than nothing […]
The Poison of Central Planning
The Poison of Central Planning As is well known, central banks around the world have deployed a range of “unconventional policies” in recent years, ranging from imposing zero to negative interest rates, to outright money printing (QE). Photo via americanpatriotdaily.com We have seen a number of people argue that “QE” does not really involve “money […]
It Will Take Trillions of Euros to Save the European Union
It Will Take Trillions of Euros to Save the European Union The EU’s political leaders and other elites are committed to holding the European Union together. To them, united Europe is an article of faith. They hold the idea with as much ferocity and fervor as any religious belief. But while the European Union is […]
The FED v Bias & Prejudice
The FED v Bias & Prejudice COMMENT: If the Fed is so smart and understands the problem with low/negative interest rates, then why didn’t it hike rates in September? Better yet, why didn’t they raise rates YEARS ago? The Fed has kept rates near zero for seven years but now suddenly realizes that this is a […]
ECB & The Failed QE Stimulus
ECB & The Failed QE Stimulus The central banks are simply trapped. They have bought in bonds under the theory that this will stimulate the economy by injecting cash. But there are several problems with this entire concept. This is an elitist view to say the least for the money injected does not stimulate the […]
Europe’s Banks Are Still Drowning in Bad Loans
Europe’s Banks Are Still Drowning in Bad Loans A “Major Concern” The European Banking Authority EBA, which (we guess) is fighting for its survival after the ECB has become the sole supervisor of Europe’s “systemically relevant” banks, has recently issued a comprehensive report on the European banking system (this included the unintended revelation that its […]
