Home » Posts tagged 'central banks' (Page 52)
Tag Archives: central banks
The Promise of Fiscal Money
Nur Photo/Getty Images The Promise of Fiscal Money One of the few remaining sacred cows of Western capitalism is the independence of central banks from elected governments. But in an age when fiscal policy has become an essential factor in determining the quantity of money lubricating the system, an independent monetary authority no longer makes […]
How Central Banks Widen Wealth and Income Gaps
How Central Banks Widen Wealth and Income Gaps The Federal Reserve’s latest Survey of Consumer Finances, according to Federal Reserve Governor Brainard, shows that the share of income held by the top 1 percent of households has risen from 17 percent in 1988 to 24 percent in 2015, and that the wealth held by that […]
700 Years Of Data Suggests The Reversal In Rates Will Be Rapid
700 Years Of Data Suggests The Reversal In Rates Will Be Rapid Have we been lulled into a false sense of security about the future path of rates by ZIRP/NIRP policies? Central banks’ misguided efforts to engineer inflation have undoubtedly been woefully feeble, so far. As the Federal Reserve “valiantly” raises short rates, markets ignore […]
Ron Paul: We Are Reaching A Point Of No Return
Ron Paul: We Are Reaching A Point Of No Return When the system will break no matter what the Fed tries Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies. Dr. Paul served as the US Representative for Texas’s […]
The End is Near…Depopulation is Out of Control…So Buy Stocks (Seriously)
The End is Near…Depopulation is Out of Control…So Buy Stocks (Seriously) The world economy is premised on a ludicrous idea. That Asia, then India, and then Africa will continue to drive economic growth. So as not to turn this article into a book, lets consider this idea focusing on East Asia consisting of China, Japan, North and South Korea, Taiwan, and minor others. […]
Deutsche Asks A Stunning Question: “Is This The Beginning Of The End Of Fiat Money?”
Deutsche Asks A Stunning Question: “Is This The Beginning Of The End Of Fiat Money?” One month ago, Deutsche Bank’s unorthodox credit analyst, Jim Reid published a phenomenal report, one which just a few years ago would have been anathema, as it dealt with two formerly taboo topics: is a financial crisis coming (yes), and […]
Low Interest Rates Subsidize Wealthy Households
LOW INTEREST RATES SUBSIDIZE WEALTHY HOUSEHOLDS When the economy begins to sink into recession, politicians, mainstream economists, policy wonks, and the Federal Reserve begin beating the economic stimulus drum. Politicians, however, disagree over the type of stimulus to implement. The center-left party proposes greater expenditures on public assistance programs. The center-right party supports permanent tax […]
Idiots who try to control the world and blame everyone else for their failure
Idiots who try to control the world and blame everyone else for their failure COMMENT: Ok Mr. Armstrong, this is nuts; You are starting to freak me out with this forecasting. The last 2 months has blown me away when a few more elements of your methodology lit my bulb a little brighter. This may sound […]
What Could Pop The Everything Bubble?
What Could Pop The Everything Bubble? A crisis that can’t be solved by just printing more dollars I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the […]
Must Stop Digging
Must Stop Digging Amazon, Google, Microsoft, Intel and Draghi all handily beat expectations. Booming technology earnings confirm the degree to which Bubble Dynamics have become entrenched within the real economy. Draghi confirms that central bankers remain petrified by the thought of piercing Bubbles. There is a prevailing view that Bubbles reflect asset price gains beyond […]
The $2 Trillion Hole: “In 2019, Central Bank Liquidity Finally Turns Negative”
The $2 Trillion Hole: “In 2019, Central Bank Liquidity Finally Turns Negative” In all the euphoria over yesterday’s “dovish taper” by the ECB, markets appear to have forgotten one thing: the great Central Bank liquidity tide, which generated over $2 trillion in central bank purchasing power in 2017 alone – which as Bank of America […]
Necessity is the Mother of Invention–Retirees Desperate Reach for Yield
NECESSITY IS THE MOTHER OF INVENTION – RETIREES DESPERATE REACH FOR YIELD Ben Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically sound but practically disastrous. Billions of dollars were transferred from savers to investors to boost the economy, but the […]
China’s Minsky Moment
CHINA’S MINSKY MOMENT Sometimes you have to love the naivety of the markets. At this week’s Communist Party Congress meeting in Beijing, the governor of the PBoC (People’s Bank of China) said the following; “If we are too optimistic when things go smoothly, tensions build up, which could lead to a sharp correction, what we […]
