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Tag Archives: central banks
2017 Year In Review
Tortoon/Shutterstock 2017 Year In Review Markets fiddle while Rome burns Every year, friend-of-the-site David Collum writes a detailed “Year in Review” synopsis full of keen perspective and plenty of wit. This year’s is no exception. As with past years, he has graciously selected PeakProsperity.com as the site where it will be published in full. It’s quite longer than […]
Interest Rates Starting To Bite
Interest Rates Starting To Bite We have long held that interest rates have been so low (especially real rates) that it will take some time to reach a level for them to really matter and impact markets. The 2-year yield crossing over the S&P500 divie yield this past week for the first time in the last […]
Russian Banking Crisis: 3rd Major Bank Topples in 4 months
Russian Banking Crisis: 3rd Major Bank Topples in 4 months “It turned into a lender which financed its owners”: Central Bank. It’s Friday, and another Russian bank gets taken over and most of its creditors get bailed out by the Central Bank, this time the 10th largest bank in Russia, Promsvyazbank – with the top […]
Could Central Banks Dump Gold in Favor of Bitcoin?
Could Central Banks Dump Gold in Favor of Bitcoin? All of which brings us to the “crazy” idea of backing fiat currencies with cryptocurrencies, an idea I first floated back in 2013, long before the current crypto-craze emerged. Exhibit One: here’s your typical central bank, creating trillions of units of currency every year, backed by […]
The Virtual Economy Is The End Of Freedom
The Virtual Economy Is The End Of Freedom There is one simple rule to follow when understanding the tragic history of economies: Never put blind faith in a system built on an establishment-created foundation. You would think this would not be a difficult concept to grasp being that we have so many examples of controlled […]
James Grant: «Markets Trust Too Much in the Presence of Central Banks»
James Grant: «Markets Trust Too Much in the Presence of Central Banks» «We live in a hall of mirrors which our central banks have made for us.» (Bild: Chris Goodney/Bloomberg) James Grant, Wall Street expert and editor of the renowned investment newsletter «Grant’s Interest Rate Observer», warns of the unseen consequences of super low interest […]
Three Bubbles/Strikes and You’re Out
Three Bubbles/Strikes and You’re Out Those betting on a fourth bubble of even greater extremes will find their time at bat has come to an end. The conventional investment wisdom holds that central banks will never let markets decline. This is an interesting belief, given that two previous asset bubbles based on central bank “easy […]
Doug Noland: There Will Be No Way Out When This Market Bubble Bursts
Doug Noland: There Will Be No Way Out When This Market Bubble Bursts Financial assets will become toxic to hold This week Doug Noland joins the podcast to discuss what he refers to as the “granddaddy of all bubbles”. Noland, a 30-year market analyst and specialist in credit cycles, currently works at McAlvany Wealth Management and […]
Bitcoin vs Fiat Currency: Which Fails First?
Bitcoin vs Fiat Currency: Which Fails First? What if bitcoin is a reflection of trust in the future value of fiat currencies? I am struck by the mainstream confidence that bitcoin is a fraud/fad that will soon collapse, while central bank fiat currencies are presumed to be rock-solid and without risk. Those with supreme confidence […]
Finally, An Honest Inflation Index – Guess What It Shows
Finally, An Honest Inflation Index – Guess What It Shows Central bankers keep lamenting the fact that record low interest rates and record high currency creation haven’t generated enough inflation (because remember, for these guys inflation is a good thing rather than a dangerous disease). To which the sound money community keeps responding, “You’re looking […]
If You Don’t Own Any Bitcoin, Read This
If You Don’t Own Any Bitcoin, Read This This week it hit $19,000. What’s next? Wow. Just….wow. Bitcoin’s price has gone ‘beyond exponential’ this week. Just yesterday, as I started working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of over $19,000). And that’s after a mind-blowing […]
Pool of Funding the Heart of Economic Growth
POOL OF FUNDING THE HEART OF ECONOMIC GROWTH Most experts are of the view that massive monetary pumping by the US central bank, the Fed, during the 2008 financial crisis saved the US and the World from another Great Depression. If increases in money supply is an important catalyst for economic growth then the World […]
Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System
Warning: ‘They Need The Markets To Implode’ To Usher In Cashless System Market analyst Lynette Zang predicts in the next market meltdown, “real estate, stocks, and bonds will all crash.” When asked when this will happen, Zang says, “Enjoy your Christmas,” but in 2018, all bets are off. Greg Hunter interviewed Lynette Zang, Chief Market Strategist […]
What Is Money? (Yes, We’re Talking About Bitcoin)
What Is Money? (Yes, We’re Talking About Bitcoin) Good ideas don’t require force. That describes the Internet, mobile telephony and cryptocurrencies. What is money? We all assume we know, because money is a commonplace feature of everyday life. Money is what we earn and exchange for goods and services. Everyone thinks the money they’re familiar […]
It’s More Than Just the Absences of Acceleration, It’s the Synchronization Where There Should Be None
IT’S MORE THAN JUST THE ABSENCE OF ACCELERATION, IT’S THE SYNCHRONIZATION WHERE THERE SHOULD BE NONE BY JEFFREY P. SNIDER According to the latest ECB figures, as of yesterday total “liquidity” added to the European banking system for that central bank’s ongoing monetary “stimulus” was just shy of €2 trillion. The outstanding balance in the […]
