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Tag Archives: monetary policy
Yes, a new crisis is coming – and here’s why
Yes, a new crisis is coming – and here’s why Shortening economic cycle means more frequent crises ‘Great Divergence’ model saw China assuming the US’ leadership role We have likely reached the limits of adjusting monetary policy States have compromised a return to growth due to debt Occupy Wall Street may been been a popular […]
Will this Manic Stock Market Rally End in Tears?
Will this Manic Stock Market Rally End in Tears? Can the stock market completely ignore these changes and keep powering higher on the fumes of Mario Draghi’s promises? Judging by October’s rocket launch, the stock market is back to where it should be, i.e. in rally mode. Yee-haw! All it took to keep the party going […]
Jeffrey Snider: Kuroda’s Rebuke Came Awfully Swift
Jeffrey Snider: Kuroda’s Rebuke Came Awfully Swift There must be a universal speech template included in the monetary textbook that is shared among the various central banks. On September 28, 2015, Haruhiko Kuroda, Governor of the Bank of Japan, delivered a speech that wasn’t just similar to the press conference Janet Yellen had endured only a week […]
Moneyweek: Hands Off Our Cash Petition
Moneyweek: Hands Off Our Cash Petition Andy Haldane recently floated the idea of abolishing cash so that radical monetary policy like negative interest rates can be implemented. You can sign the Moneyweek petition against this here: http://moneyweek.com/wp/hands-off-our-cash-petition Whereas the Bank of England’s Chief Economist Andrew Haldane announced on 18th September 2015 his intention to abolish use of cash in […]
Peak Debt, Peak Doubt, & Peak Double-Down
Peak Debt, Peak Doubt, & Peak Double-Down Time to Hike Rates It makes little sense to me why the market is only pricing a 6% probability of a rate hike at the October meeting, 30% for December, and only a near 50/50 probability all the way out to March 2016. The statutory mandates of the […]
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe
Saudis Poke The Russian Bear, Start Oil War In Eastern Europe Any weakening of Russian support for Mr. Assad could be one of the first signs that the recent tumult in the oil market is having an impact on global statecraft. Saudi officials have said publicly that the price of oil reflects only global supply […]
Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart
Wal-Mart’s Worst Stock Crash In 27 Years Is Another Sign That The Economy Is Rapidly Falling Apart Now that a major global recession has begun, you would expect major retailers like Wal-Mart to run into trouble as consumer spending dries up, and that is precisely what is happening. On Wednesday, shares of Wal-Mart experienced their largest […]
Central bankers must have the courage to act before a crisis: Don Pittis
Central bankers must have the courage to act before a crisis: Don Pittis Are our bankers-in-chief always condemned to crisis management? Are central bankers always destined to be too late? This weekend, two of that august fraternity were strutting their stuff. Former U.S. Fed chairman Ben Bernanke was busy promoting his new book called The Courage to […]
The G-30 Group Of Central Bankers Warn They Can “No Longer Save The World”
The G-30 Group Of Central Bankers Warn They Can “No Longer Save The World” In a detailed report by the Group of Thirty, central bankers warned that ZIRP and money printing were not sufficient to revive economic growth and risked becoming semi-permanent measures. As Reuters reports, the flow of easy money has inflated asset prices like stocks and […]
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets”
The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets” One month ago we presented to readers that in the first official “serious” mention of “Helicopter Money” as the next (and final) form of monetary stimulus, Australia’s Macquarie Bank said that there is now about 12-18 months before this “unorthodox” policy is implemented. We also predicted that […]
“We Should Have Known Something Was Wrong”
“We Should Have Known Something Was Wrong” Remember when stuff such as the following was written exclusively on “conspiracy” tin-foil blogs by deranged lunatics who could not appreciate the brilliance of the neo-Keynesian system and central-planning by academics, in all its glory? Good times. Here is Bank of America’s Athanasios Vamvakidis channeling Tyler Durden circa […]
Time to End Monetary Central Planning
Time to End Monetary Central Planning There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some […]
Who’s Profited Most from 7 Years of Fed Policy…. Well the Fed of Course!
Who’s Profited Most from 7 Years of Fed Policy…. Well the Fed of Course! So I’m often asked whether I really believe that government and policymakers intentionally create laws and policies that hurt the people and help themselves. My answer is typically that “if you’re asking me this question you know I do but you don’t […]
