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Tag Archives: central banks
The Repo Market Incident May Be The Tip Of The Iceberg The Federal Reserve has injected $278 billion into the securities repurchase market for the first time. Numerous justifications have been provided to explain why this has happened and, more importantly, why it lasted for various days. The first explanation was quite simplistic: an unexpected tax […]
Do Banks Require Savings to Accommodate Demand for Lending?
DO BANKS REQUIRE SAVINGS TO ACCOMMODATE DEMAND FOR LENDING? There is an emerging view held by many commentators that it is banks and not the central bank that are key for the expansion of money. This way of thinking is promoted these days by the followers of the post Keynesian school of economics (PK).[1] In a […]
The Importance Of A Resilient Life
The Importance Of A Resilient Life In the end, it will mean all the difference My business partner Adam and I recently met with a successful business owner whose career began on Wall Street. The kind of guy who should be rooting for the system, because it has treated him well. Instead, he was quite […]
The Weird Obsessions of Central Bankers, Part 1
The Weird Obsessions of Central Bankers, Part 1 How to Hang on to Greenland Jim Bianco, head of the eponymous research firm, handily won the internet last Thursday with the following tweet: Jim Bianco has an excellent idea as to how Denmark might after all be able to hang on to Greenland, a territory coveted […]
Peter Schiff: Why the Fed Won’t Be Able to Rescue the Economy the Next Time Around
Peter Schiff: Why the Fed Won’t Be Able to Rescue the Economy the Next Time Around Peter Schiff has been saying that the Federal Reserve is going to take interest rates back to zero and launch another round of quantitative easing in order to reinflate the bubble economy after the next crash. The central bank […]
Turkey Exposes Central Bank Incompetence
Turkey Exposes Central Bank Incompetence Last year I asked whether Turkey would be “City Zero in Global Contagion.” That question was based on the crisis unfolding in the Turkish lira which materially threatened a number of major European banks, especially those in Italy. This week highlighted something really interesting for me that, I think, sets […]
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT!
FIAT CURRENCY ENDGAME: You Will Not Like This ONE BIT! No One Comes Back From This Uninjured. In one word, the devaluation is set to ESCALATE. In fact, I term it Competitive Devaluation. There are several countries that will be the pioneers of it, but it will eventually reach the United States of America. In Europe and in Japan, […]
“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner”
“Judging By Bond Markets, Economic Armageddon Is Just Around The Corner” “Judging by bond markets around the world, economic Armageddon – or something awfully close to it – is just around the corner.” – SocGen, September 5, 2019 “It’s difficult to describe markets,” said the CIO, reflecting on his decades of trading. “For what seems like […]
Blain’s Morning Porridge – Sept 5th 2019
Blain’s Morning Porridge – Sept 5th 2019 “Slipping down Raki and reading Maynard Keynes…” We really should focus on the signals emanating from bond markets. Forget the current political madness – yesterday saw a number of key moments for bond markets: UK Chancellor Sajid Javid hitting the spend button in the UK (whether it actually […]
Negative Interest Rates Threaten the Financial System
Negative Interest Rates Threaten the Financial System Markets may need to be rebuilt on a new set of assumptions, but we don’t know what those should be or how they would work. Jim Bianco is the President and founder of Bianco Research, a provider of data-driven insights into the global economy and financial markets. He may have […]
View from the Lake: Deflation & Debt
View from the Lake: Deflation & Debt Grand Lake Stream | The conversations over the Labor Day weekend at Leen’s Lodge ranged from negative interest rates to the efficacy of a bubble gum colored wacky worm vs live bait in late season bass fishing. We’ve mostly decided that a large mouth bass raised in Maine […]
Lagarde Praises Negative Rates, Study Shows They Reduce Lending
Lagarde Praises Negative Rates, Study Shows They Reduce Lending Incoming IMF chief Christine Lagarde says negative rates have helped Europe more than they’ve hurt. I disagree. The nearly always wrong Christine Lagarde is wrong once again. Today she claims Negative Rates Have Helped Europe More Than They’ve Hurt. The next head of the European Central Bank, […]
In Ominous Warning, Dalio Says The Current Period Is Just Like 1935-1945
In Ominous Warning, Dalio Says The Current Period Is Just Like 1935-1945 Something has dramatically changed in the establishment’s view of central banking… and of the future. As we reported earlier this week, recently we have observed a surprising spike in criticism of central banks by establishment figures, in some cases central bankers themselves, most […]
