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Tag Archives: central banks
The Federal Reserve Is Directly Monetizing US Debt
The Federal Reserve Is Directly Monetizing US Debt In a very real way, MMT is already here Sure, it’s not admitting to this. And it’s using several technical jinks and jives to offer a pretense that things are otherwise. But it’s not terribly difficult to predict what’s going to happen next: the Federal Reserve will […]
Blain’s Morning Porridge – Nov 15th 2019
Blain’s Morning Porridge – Nov 15th 2019 “Liberty, equality, fraternity, or death; the last, much the easiest to bestow, O Guillotine!” As it’s a Friday I am contractually entitled to have a rant and whine about whatever I want to write about. Which, today, isn’t really the cut and thrust of markets. To be brutally […]
Is the Global Dollar in Jeopardy?
Is the Global Dollar in Jeopardy? The US Federal Reserve is right to be concerned, if not worried, about the greenback’s dominance of international trade and finance. Fortunately for consumers, growing potential competitive pressure – call it the Libra effect – creates an incentive to make the existing system work better. WASHINGTON, DC – Since […]
The World Has Gone Mad and the System Is Broken
The World Has Gone Mad and the System Is Broken I say these things because: Money is free for those who are creditworthy because the investors who are giving it to them are willing to get back less than they give. More specifically investors lending to those who are creditworthy will accept very low or negative […]
The Austrian School Warned, the ECB Didn’t Listen
The Austrian School Warned, the ECB Didn’t Listen Looking at the current situation, one can easily perceive that our economic environment is not in the best condition. The whole of Europe is suffering from an economic stagnation, if not in some countries even a slowdown, that could very well turn into an economic recession sooner […]
How QE has radically changed the nature of the West’s financial system.
How QE has radically changed the nature of the West’s financial system. Because they are so ensconsed in their little bubble and because they profit so much from maintaining the status quo, Western mainstream media pundits don’t – or perhaps can’t – admit how Quantitative Easing policies have so quickly and so radically changed the […]
ECB Official: Can Use Portfolio To Combat Climate Change
ECB Official: Can Use Portfolio To Combat Climate Change Central banks have been making all kinds of ridiculous climate change statements in the last several quarters. Some monetary authorities have even said, they could also expand balance sheets to purchase climate-related financial investments. Sabine Lautenschläger, Member of the Executive Board and Governing Council of the […]
Weekly Commentary: Whatever It Takes to Never Give Up
Weekly Commentary: Whatever It Takes to Never Give Up Any central bank head that passes through an eight-year term without once raising rates has some explaining to do. To leave monetary policy extremely loose for such an extended period comes with major consequences (can we at least agree on that?). So, what went wrong? How […]
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’
Innovation BIS 2025: A Stepping Stone Towards an Economic ‘New World Order’ The IMF’s annual meetings held in Washington DC last week demonstrated that when the institution issues new economic projections or warnings of a downturn, the mainstream press are not averse to giving them prominent coverage. After the Fund was founded in 1944 (off the […]
Central Banks Begin to Panic
Central Banks Begin to Panic After rapidly reversing policy in 2019, does it seem to you that the global central banks have moved into full panic mode over the past several weeks? To that point, consider some of the headlines that have appeared over just the past few days. Let’s start with Count Draghi and […]
Central Bank “Stimulus” is Really a Huge Redistribution Scheme
Central Bank “Stimulus” is Really a Huge Redistribution Scheme When an economy turns from expansion to contraction there is an order of events. The first signs are an unexpected increase in inventories of unsold goods, both accompanied with and followed by business surveys indicating a general softening in demand. For monetarists, this is often confirmed […]
Central Banks Are Out Of Ammo – UN Head Demands Immediate Fiscal Stimulus To Save World From Crisis
Central Banks Are Out Of Ammo – UN Head Demands Immediate Fiscal Stimulus To Save World From Crisis More and more global leaders sound the alarm that the world economy is headed for a difficult period in 2020. Unlike several years ago, leaders across the world are now calling for immediate deployment of fiscal stimulus, […]
For The First Time Ever, Greece Issues Negative Yielding Debt
For The First Time Ever, Greece Issues Negative Yielding Debt As armies of fixed income strategists battle over whether US Treasuries are facing higher or lower yields, Greece has no such qualms and in a historic shift today, the former bond market pariah and Eurozone’s most indebted nation, joined the exclusive club of negative-yielding European […]
Turkey Joins Russia’s Ruble-Based Alternative To SWIFT After repeated warnings over the past couple of years, Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments, with Turkey signing on to Russia’s alternative to SWIFT, the international telecommunications protocol used by banks and central banks the world over. […]
