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Tag Archives: interest rates
Why Governments Expand the Gap Between Rich and Poor
Why Governments Expand the Gap Between Rich and Poor QUESTION: Mr. Armstrong; You said at your Frankfurt the ECB policy of negative interest rates is actually creating a wider gap between the poor and the rich. Could you elaborate on that comment? Thank you. Hop you come back to Frankfurt. You do realize that you get […]
Toronto Home Price Bubble Descends into Bear Market
Toronto Home Price Bubble Descends into Bear Market With surprise rate hike, Bank of Canada turns against housing market. Home sales in the Greater Toronto Area, the largest housing market in Canada, plunged 34.8% in August compared to a year ago, to 6,357 homes, with sales of detached homes and semi-detached homes getting eviscerated: Sales […]
Loonie Soars After Bank Of Canada Unexpectedly Hikes Rates By 25 bps
Loonie Soars After Bank Of Canada Unexpectedly Hikes Rates By 25 bps With only 6 of 33 forecasters predicting a rate hike in today’s Bank of Canada announcement, it was inevitable: the Bank of Canada surprised a good 75% of the market, and triggered massive stop loss orders in the looni, when moments ago it […]
Don’t Be Fooled – The Federal Reserve Will Continue Rate Hikes Despite Crisis
Don’t Be Fooled – The Federal Reserve Will Continue Rate Hikes Despite Crisis Though stock markets in general are meaningless and indicate nothing in terms of the health of the economy they still function as a form of hypnosis, or a kind of Pavlovian mechanism; a tool that central bankers can use to keep a […]
IMF Rings The Alarm On Canada’s Economy
IMF Rings The Alarm On Canada’s Economy Shortly after yesterday’s rate hike by the Bank of Canada, its first since 2010, we warned that as rates in Canada begin to rise, the local economy which has seen a striking decline in hourly earnings in the past year, which remains greatly reliant on a vibrant construction […]
The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious
The Federal Reserve Is A Saboteur – And The “Experts” Are Oblivious I have written on the subject of the Federal Reserve’s deliberate sabotage of the U.S. economy many times in the past. In fact, I even once referred to the Fed as an “economic suicide bomber.” I still believe the label fits perfectly, and […]
Falling Interest Rates Have Postponed “Peak Oil”
Falling Interest Rates Have Postponed “Peak Oil” Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people are not aware of this power, including, I suspect, some of the people making today’s decisions to raise interest […]
The Inconvenient Truth of Consumer Debt
The Inconvenient Truth of Consumer Debt It’s acceptable to build infinitely high levels of household debt — as long as rates never rise. Ready for a rainy day?Photographer: Anoek De Groot/AFP/Getty Images Oh, but for the days the hawks had a hero in Sydney. Against the backdrop of a de facto currency war, the Reserve […]
Debt Has No Consequences? Color Me Skeptical
Debt Has No Consequences? Color Me Skeptical The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences. Here’s a chart of America’s national debt, extended a mere dozen years into the future: the current $20 trillion in debt will double to $40 trillion, and that assumes […]
The Federal Reserve Is Destroying America
The Federal Reserve Is Destroying America And wait until you hear what they’re getting away with now Perhaps I should start with a disclaimer of sorts. Yes, I realize that the people working at the Federal Reserve, as well as the other central banks around the world, are just people. Like the rest of us, […]
Just a quick reminder of who’s really in charge
Just a quick reminder of who’s really in charge Today the world of banking and finance waited with baited breath for the Federal Reserve in the United States to hike… or not to hike… interest rates. This happens several times each year as the central bank’s Federal Open Market Committee gathers to set monetary policy […]
Eric Peters: If Rates Ever Rise Above 3.5% “It Would Spark Massive Defaults”
Eric Peters: If Rates Ever Rise Above 3.5% “It Would Spark Massive Defaults” Earlier today in his weekly note, One River CIO Eric Peters explained that in their attempt to overturn the natural order of the global economic “ecosystem”, what central banks have done is “stunning, unprecedented… and arrogant”, and as a result it is […]
The Bank of Canada Should “Cease and Desist”
The Bank of Canada Should “Cease and Desist” “Beneath the symbol We’ll all assemble Oh how we’ll fly Oh how we’ll tremble” — Captain Beefheart, “Ice Cream for Crow” If interest rates are the symbol beneath of which we all assemble, then there are some bad times ahead. But Canada’s “leading economists,” say interest rates […]
Central Banks Rethink 2% Inflation Target (In the Wrong Direction of Course)
Central Banks Rethink 2% Inflation Target (In the Wrong Direction of Course) If Central Banks wanted to make a positive impact on the global economy, they would abolish themselves and let the free market set rates. Instead, and after pursuing a 2% inflation target for decades, central bankers now ponder the need for even higher rates […]
Prepare For “Manias, Panics And Crashes”: An Ominous Warning From Bank Of America
Prepare For “Manias, Panics And Crashes”: An Ominous Warning From Bank Of America Bank of America’s Michael Hartnett is back with another controversial note overnight, reminding readers that “it ain’t a normal cycle” for one overarching reason: central banks. As Hartnett explains, the catalyst for bull in equity and credit markets since 2009 was the […]
