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Tag Archives: bank of england
From ZIRP to NIRP
From ZIRP to NIRP The sudden end of the Fed’s ambition to raise interest rates above the zero bound, coupled with the FOMC’s minutes, which expressed concerns about emerging market economies, has got financial scribblers writing about negative interest rate policies (NIRP). Coincidentally, Andrew Haldane, the chief economist at the Bank of England, published a […]
Quantitative Easing for People: The UK Labour Frontrunner’s Controversial Proposal
Quantitative Easing for People: The UK Labour Frontrunner’s Controversial Proposal British MP Jeremy Corbyn has proposed a “People’s QE” that has critics crying hyperinflation and supporters saying it’s about time. Dark horse candidate Jeremy Corbyn, who is currently leading in the polls for UK Labour Party leadership, has included in his platform “quantitative easing for people.” […]
The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play
The IMF Just Confirmed The Nightmare Scenario For Central Banks Is Now In Play The most important piece of news announced today was also, as usually happens, the most underreported: it had nothing to do with US jobs, with the Fed’s hiking intentions, with China, or even the ongoing “1998-style” carnage in emerging markets. Instead, […]
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions
This Is What Global Currency War Looks Like: A Complete History Of Recent FX Interventions After the dramatic collapse in the SNB’s defense of the Swiss Franc peg to the Euro, there was a period of relative FX peace in which few if any central banks engaged in outright currency intervention (aside from the countless […]
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral
The Rise Of The Yuan Continues: LME To Accept Renminbi As Collateral As far-fetched as the notion may be to those who are wedded – by choice, by misguided beliefs, or by virtue of being completely beholden to the perpetuation of the status quo – to idea that the dollar will forever retain its status […]
Bank of England Could ‘Trigger the Next Financial Crisis’
Bank of England Could ‘Trigger the Next Financial Crisis’ It’s not some wayward doom-and-gloomer who said it, but the Economic Research arm of Natixis, the investment bank of France’s second largest megabank, Groupe BPCE. The analysis was talking about the Bank of England. But the Fed and other central banks, with their ingenious monetary policies, […]
Mario Draghi’s Slippery Downward Slope
Mario Draghi’s Slippery Downward Slope Mario Draghi made another huge faux pas Thursday, but it looks like the entire world press has become immune to them, because it happens all the time, because they don’t realize what it means, and because they have a message if not a mission to sell. But still, none of […]
Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper
Bank Of England Accidentally E-mails Top-Secret Brexit Plan To Newspaper The first rule of “Project Bookend” is that you don’t talk about “Project Bookend.” In retrospect, maybe the first rule should have been “you don’t accidentally e-mail ‘Project Bookend’ to a news agency”, because as the Guardian reports, one of its editors opened his inbox […]
What Happens When You Hand Over Your Gold To The Bank Of England For “Safekeeping”
What Happens When You Hand Over Your Gold To The Bank Of England For “Safekeeping” “The Bank for International Settlements is the bank which sanctions the most notorious outrage of this generation— the rape of Czechoslovakia.” — George Strauss, Labor MP, speaking in the House of Commons, May 1939 “the Bank for International Settlements […]
The Bank-State Bargain
The Bank-State Bargain “I react pragmatically. Where the market works, I’m for that. Where the government is necessary, I’m for that. I’m deeply suspicious of somebody who says, “I’m in favor of privatization,” or, “I’m deeply in favor of public ownership.” I’m in favor of whatever works in the particular case.” J K Galbraith There’s no […]
Mark Carney defends Bank of England over climate change study
Mark Carney defends Bank of England over climate change study Governor hits back at Nigel Lawson’s description of research into effects of global warming on insurance industry as ‘green claptrap’ Climate change is one of the biggest risks facing the insurance industry, the governor of the Bank of England has said after a former Conservative chancellor dismissed […]
Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging
Ten Banks, Including JPM, Goldman, Deutsche, Barclays, SocGen And UBS, Probed For Gold Rigging No matter how many times the big banks are caught red-handed manipulating precious metals, some failed former Deutsche Bank prop-trader (you know who you are) will take a vociferous stand based on ad hominem attacks and zero facts that no, what you see […]
Fears over deflation thwarted Bank of England vote to raise interest rate
Fears over deflation thwarted Bank of England vote to raise interest rate Falling oil prices driving inflation down to 0.5% in January, forced Martin Weale and Ian McCafferty to back down Fears that Britain could sink into a damaging “deflationary spiral” have stayed the hands of Bank of England policymakers who had pushed for an early interest […]
Oil price crash threatens the future of the North Sea oilfields
Oil price crash threatens the future of the North Sea oilfields Scottish government pledges to try to preserve offshore energy sector jobs, with prices having fallen 60% in the last six months The potential impact of the oil price slump on Scotland was underlined as a leading energy expert warned on Wednesday that North Sea […]
Bubbles Always Pop—–And This One Will Be A Doozy
Bubbles Always Pop—–And This One Will Be A Doozy Pumping All Out The Dow rose 323 points on Thursday, or 1.8%. People come to think what they must think when they must think it. But what do they think now? Why do they think stocks are so valuable? Apparently, they believe that Janet Yellen, Mario […]
