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Tag Archives: central banks
How Central Banks Stoke Stock Prices
HOW CENTRAL BANKS STOKE STOCK PRICES Reading through Security Analysis, the roadmap for investing first published in 1934 by Benjamin Graham and David L. Dodd, I learned something quite interesting: The basis of stock valuation had changed quite drastically in the period between 1927 and 1929. The stock buying public “departed more and more from the factual […]
The Pricking of the Canadian Real Estate Bubble?
THE PRICKING OF THE CANADIAN REAL ESTATE BUBBLE? First of all, sorry for the lack of posts lately. Long story, but rest assured, I am back on track and the old ‘tourist regular postings have resumed. Next up, today I will write about Canadian real estate. I know, many of you find that about as […]
The Fed Should Be Careful What It Wishes For
SAUL LOEB/AFP/Getty Images The Fed Should Be Careful What It Wishes For Major central banks’ fixation on inflation betrays a guilty conscience for serially falling short of their targets. It also raises the risk that in fighting the last war, they will be poorly prepared for the next – the battle against too-high inflation. CAMBRIDGE […]
Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money”
Silicon Valley Joins War On Cash: Tim Cook Seeks “Elimination Of Money” Apple CEO Tim Cook has one big hope for the future – that he lives to see the end of money. “…I’m hoping that I’m still going to be alive to see the elimination of money.” Speaking at a meeting for Apple shareholders […]
It’s Raining Money
It’s Raining Money With apologies to the Dire Straights: Now look at them yo-yo’s that’s the way you do it You play the bull on the fin TV That ain’t workin’ that’s the way you do it Money for nothin’ and stocks for free After 9 years of artificial liquidity drenching markets the same game […]
Deutsche Bank: This Does Not Make Sense
Deutsche Bank: This Does Not Make Sense Amid the growing debate whether rates will keep rising once they hit 3.00%, or they will fall as asset managers find the new level attractive enough to dip their toes and buy duration, one analyst laughs at everyone calling for lower rates from here onward. In a note […]
The End of (Artificial) Stability
The End of (Artificial) Stability The central banks’/states’ power to maintain a permanent bull market in stocks and bonds is eroding. There is nothing natural about the stability of the past 9 years. The bullish trends in risk assets are artificial constructs of central bank/state policies. As these policies are reduced or lose their effectiveness, the […]
Raising Interest Rates Is Like Starting a Fission Chain Reaction
Raising Interest Rates Is Like Starting a Fission Chain Reaction Central bankers seem to think that adjusting interest rates is a nice little tool that they can easily handle. The problem is that higher interest rates affect the economy in many ways simultaneously. The lessons that seem to have been learned from past rate hikes may […]
Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold
Fred Hickey: Why A Lifelong Technology Expert Favors Owning Gold It’s the safest & most undervalued asset today Fred Hickey, frequent cited expert on Bloomberg News and Barron’s Roundtable, has been publishing his author extremely well-respected investment newsletter, The High-Tech Strategist, for 31 years. And he is more worried about the state of the financial markets […]
Latest Wealth Data Shows Disproportionate Gains to the Rich During Era of QE
LATEST WEALTH DATA SHOWS DISPROPORTIONATE GAINS TO THE RICH DURING ERA OF QE Analysts will be watching the Bank of England closely this Thursday for any hints about its plans to raise interest rates. But despite rumours of further hikes, it’s worth remembering that we’re still living in an unprecedented era for monetary policy. Interest […]
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting
Swan Song Of The Central Bankers, Part 4: The Folly Of 2.00% Inflation Targeting The dirty secret of Keynesian central banking is that under current circumstances its interventions have almost no impact on its famous dual mandate—-stable prices and full employment on main street. That’s because goods and services inflation is a melded consequence of global central […]
Hackers Used SWIFT To Steal $6 Million From Russian Bank
Hackers Used SWIFT To Steal $6 Million From Russian Bank In the latest revelation about the Society for Worldwide Interbank Telecommunication’s vulnerability to hackers – who’ve stolen tens of millions of dollars from banks and central banks mostly by stealing the special private keys used to sign off on transactions – Russian authorities revealed that […]
The World Embraces Debt At Exactly The Wrong Time
The World Embraces Debt At Exactly The Wrong Time Self-destruction usually happens in stages. At first there’s a binge in which the thrill outweighs the sense of transgression. This is usually followed by remorse, acknowledgement of risks, and an attempt to reform. But straight-and-narrow is exhausting, and because of this is frequently just temporary, eventually […]
Central Banks Will Let The Next Crash Happen
Central Banks Will Let The Next Crash Happen If you have been following the public commentary from central banks around the world the past few months, you know that there has been a considerable change in tone compared to the last several years. For example, officials at the European Central Bank are hinting at a […]
