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Tag Archives: central banks
The Fantasy of Central Bank “Growth” Is Finally Imploding
The Fantasy of Central Bank “Growth” Is Finally Imploding Having destroyed discipline, central banks have no way out of the corner they’ve painted us into. It was such a wonderful fantasy: just give a handful of bankers, financiers and corporations trillions of dollars at near-zero rates of interest, and this flood of credit and cash into […]
The Great Switch: The Geo-Politics of Looming Recession
The Great Switch: The Geo-Politics of Looming Recession Is the prospect of looming global recession merely an economic matter, to be discussed within the framework of the Great Financial Crisis of 2008 – which is to say, whether or not, the Central Bankers have wasted their available tools to manage it? Or, is there a […]
“Things Will Never Be The Same Again”: Here Are 20 Questions As Central Banks Admit Defeat
“Things Will Never Be The Same Again”: Here Are 20 Questions As Central Banks Admit Defeat Unlike prior years, there was a distinct sense of dread and powerless foreboding in this year’s Jackson Hole meeting, starting with Jerome Powell’s “boring” speech in which he blamed Trump’s trade war for the Fed’s inability to stimulate the […]
Truth is the Ultimate Black Swan
Truth is the Ultimate Black Swan Truth is the ultimate black swan. All other black swans are a myth. Financial websites are littered with articles written by people trying to predict the next black swan event that will usher in the implosion of the global Bubble of Everything, even though, by definition, a black swan […]
The Battle of the ‘Flations has Begun
The Battle of the ‘Flations has Begun Inflation? Deflation? Stagflation? Consecutively? Concurrently?… or from a great height (apologies to Tom Stoppard). We’ve reached a pivotal moment where all of the narratives of what is actually happening have come together. And it feels confusing. But it really isn’t. The central banks have run out of room […]
3 Central Bank Shocks Unleash Overnight Yield Crash, With Yuan On Verge Of Collapse
3 Central Bank Shocks Unleash Overnight Yield Crash, With Yuan On Verge Of Collapse There is just one way to describe the plunge in bond yields overnight and the events behind it: the global race to the currency bottom is rapidly accelerating in its final lap with a global deflationary Ice Age (take a bow Albert Edwards) waiting […]
For The First Time In 6 Years, No Central Bank Is Hiking
For The First Time In 6 Years, No Central Bank Is Hiking The global central bank experiment with renormalization is officially over. After roughly half the world’s central banks hiked rates at least once in 2018, the major central banks have returned to easing mode, and as the chart below shows, for the first time […]
World’s Central Banks End Pact That Limited Selling Of Gold
World’s Central Banks End Pact That Limited Selling Of Gold In a surprising announcement on Friday morning, the European Central Bank said the 21 signatories of the 4th Central Bank Gold Agreement (CBGA) “no longer see the need for formal agreement” as the market has developed and matured, and as a result the signatories “decided […]
U.S. Economic Warfare and Likely Foreign Defenses
U.S. Economic Warfare and Likely Foreign Defenses Photograph Source: Trending Topics 2019 – CC BY 2.0 Today’s world is at war on many fronts. The rules of international law and order put in place toward the end of World War II are being broken by U.S. foreign policy escalating its confrontation with countries that refrain from […]
Are Central Banks Losing Their Big Bet?
Are Central Banks Losing Their Big Bet? Following the 2008 global financial crisis, central banks bet that greater activism on the part of other policymakers would be their salvation, helping them to normalize their operations. But that activism never came, and central bankers are now facing a lose-lose proposition. ZURICH – In recent years, central […]
“She Has A Flair For Darkness” – Meet The Woman Tasked With Predicting How The Fed Will Blow Up The World
“She Has A Flair For Darkness” – Meet The Woman Tasked With Predicting How The Fed Will Blow Up The World Central bankers have two key roles: the first, and more trivial one, is to set the price of money by adjusting short-term interest rates, something they have been doing since the advent of central […]
Battle for Control
Battle for Control Markets are engaged in a clear battle for control: An active Fed eager to extend the business cycle using asset price inflation as its primary means to generate further debt financed growth on the one hand and deteriorating fundamentals and technicals gnawing at an artificial market construct on the other. Let’s call […]
We’ve Arrived At The End Of The Road
We’ve Arrived At The End Of The Road Decades of central bank intervention have left us with an unavoidable insolvency crisis When Richard Nixon closed the gold window in August 1971, fully severing the US dollar from its gold standard, the Federal Reserve and other world central banks found themselves liberated. No longer was their […]
Who Bails Out Central Banks in Coming Chaos –James Rickards
Who Bails Out Central Banks in Coming Chaos –James Rickards Best-selling financial author James Rickards says “We are still in the aftermath of the 2008 – 2009 financial crisis.” In the up-coming book titled “Aftermath: Seven Secrets of Wealth Preservation in the Coming Chaos,” the crisis of the Great Recession may be over, but “nothing is fixed.” […]
