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Tag Archives: monetary policy
The Central Bankers Are Crazy & Public is Out Of Its Mind – Where’s the Beef?
The Central Bankers Are Crazy & Public is Out Of Its Mind – Where’s the Beef? The central bankers are simply crazy, not evil. They are trying to steer the economy by utilizing this simpleton theory that if you make something cheaper, someone will buy it. Japanese and German cars managed to get a major […]
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization Negative interest rates may or may not be a thing of the past (many thought that the ECB had learned its lesson, and then Vitor Constancio wrote a blog post showing that the ECB hasn’t learned a damn thing), but the confusion about their significance remains. […]
Draghobert the Terrible Strikes Again
Draghobert the Terrible Strikes Again A Whiff of Panic Ahead of Thursday’s ECB meeting, there was a widespread consensus that Europe’s chief printing press supervisor would make up for the alleged “mistake” of under-delivering on monetary lunacy last time around. Therefore, a sizable dose of fresh absurdities had to be expected, with only small disagreements on […]
Norway’s Interest Rate Conundrum
Norway’s Interest Rate Conundrum Current Situation The ECB recently stimulated more than expected, cutting rates by five basis points and expanding quantitative easing. It is already expected that Norges Bank (The Norwegian Central Bank) will cut rates next week, seeing accelerating inflation as temporary. They have a 2.5% inflation target mandate “over time,” giving them lee-way. They see demand […]
Why Negative Rates Can’t Stop the Coming Depression
Why Negative Rates Can’t Stop the Coming Depression A bird in the hand is worth two in the bush. – Anonymous. In our upcoming issue of The Bill Bonner Letter, we explore the strange territory of “NIRP” – negative-interest-rate policy. About $7 trillion of sovereign bonds now yield less than nothing. Lenders give their money […]
Central Bank Economists: Bad Central Bank Policy Is INCREASING Inequality
Central Bank Economists: Bad Central Bank Policy Is INCREASING Inequality While the leaders of the Fed and other central banks claim that their extraordinary monetary policies haven’t significantly increased inequality, economists with the world’s most prestigious financial agency, the Bank of International Settlements – known as “the Central Banks’ Central Bank” – just released a report showing otherwise. BIS notes: Our simulation suggests that […]
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics
The “Terrifying Prospect” Of A Triumph Of Politics Over Economics The Triumph of Politics All of life’s odds aren’t 3:2, but that’s how you’re supposed to bet, or so they say. They are not saying that so much anymore, or saying that history rhymes, or that nothing’s new under the sun. More and more theys seem […]
Eugen Bohm Von Bawerk: Greenspan, The Sheepherder
EUGEN BÖHM VON BAWERK: GREENSPAN, THE SHEEPHERDER It is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy. His infamous “Greenspan-put” in which his actions at the central bank would be driven, if not dictated, by the whims of financial markets, clearly […]
Never Go Full-Kuroda: NIRP Plus QE Will Be Contractionary Disaster In Japan, CS Warns
Never Go Full-Kuroda: NIRP Plus QE Will Be Contractionary Disaster In Japan, CS Warns In late January, when Haruhiko Kuroda took Japan into NIRP, he made it official. He was full-everything. Full-Krugman. Full-Keynes. Full-post-crisis-central-banker-retard. In fact, with the BoJ monetizing the entirety of JGB gross issuance as well as buying up more than half of all […]
Playing Around With Prices Is a Bad Idea
Playing Around With Prices Is a Bad Idea Call me old fashioned, but I still think prices matter. I vividly recall the first time I studied those simple supply-and-demand graphs as a college freshman, and today, far too many years later, their basic logic remains undeniable. When prices are right, money flows to the most […]
The Financial System Is A Larger Threat Than Terrorism
The Financial System Is A Larger Threat Than Terrorism In the 21st century Americans have been distracted by the hyper-expensive “war on terror.” Trillions of dollars have been added to the taxpayers’ burden and many billions of dollars in profits to the military/security complex in order to combat insignificant foreign “threats,” such as the Taliban, […]
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years
Why Helicopter Money Can’t Save Us: We’ve Already Been Doing It For 8 Years There’s a lot of talk going around these days about “helicopter money.” For those unfamiliar, it’s billed as a kind of last Keynesian resort when ZIRP, NIRP, and QE have all failed to boost aggregate demand and juice inflation. For instance, HSBC […]
2008 Revisited?
2008 Revisited? NEW YORK – The question I am asked most often nowadays is this: Are we back to 2008 and another global financial crisis and recession? My answer is a straightforward no, but that the recent episode of global financial market turmoil is likely to be more serious than any period of volatility and […]
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments
The Market Has Lost Faith In Our Board, Bank Of International Settlements Laments The BIS’ Claudio Borio was vindicated in January – and it was a long time coming. When last we checked in with Claudio, it was December and the bank’s Head of the Monetary and Economic Department was busy explaining what may befall […]
