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Tag Archives: central bank
4 Pillars of Debt in Danger of Collapse
4 Pillars of Debt in Danger of Collapse Last month I was in a series of high-level meetings with members of Congress and the Senate in Washington. While there’s been major news about the Supreme Court, my discussions were on something that both sides of the aisle are coming to consensus over. You see, issues […]
“Something Has to Break” as China’s Onshore Defaults Hit a New Record
“Something Has to Break” as China’s Onshore Defaults Hit a New Record Recent news from China has been really ugly. But what can you expect? They’re trying to fight a trade war against the U.S. – deal with slowing growth – and survive against a stronger U.S. dollar. And because of these problems – China’s major […]
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent
The Stock Market Just Crashed In Italy, And Argentina Has Panic-Raised Interest Rates To 65 Percent In the 9th largest economy in the world, the financial markets are crashing, and in the 21st largest economy in the world the central bank just raised interest rates to 65 percent to support a currency that is completely […]
Ben Bernanke’s Waffle House
Ben Bernanke’s Waffle House Salvador Dali Spain 1936-38 Yes, it is hard to believe, but still happening: 10 years after Lehman the very same people who either directly caused the financial crisis of 2008 or made things much much worse in its aftermath, are not only ALL walking around freely and enjoying even better paid […]
Albert Edwards: Why We Are Destined To Repeat The Mistakes Of The Past
Albert Edwards: Why We Are Destined To Repeat The Mistakes Of The Past With everyone and their grandmother opining on the 10 year anniversary of the start of the global financial crisis, it was inevitable that the strategist who predicted the great crash (and according to some has been doing the same for the past […]
Mexico’s Central Bank Just Broke with the War on Cash
Mexico’s Central Bank Just Broke with the War on Cash Motivated by inflation? A strange thing just happened in Mexico. The Bank of Mexico (Banxico), announced that it is considering launching a 2,000 peso note (ca. $105), double the highest denomination note currently in circulation. It’s also considering doing away with Mexico’s lowest denomination 20 […]
Lira Plummets After Turkish Central Bank Deputy Governor Quits
Lira Plummets After Turkish Central Bank Deputy Governor Quits It was already an ugly day for the Turkish Lira, which earlier in the day accelerated its drop for the 4th consecutive session, sending the USDTRY to the highest level since August 14 when the currency crashed over the weekend to the lowest level on record. […]
Economic Crisis Looms In Iran As Sanctions Bite
Economic Crisis Looms In Iran As Sanctions Bite In a little over two months, painful U.S. sanctions on Iran’s oil sector will take effect, but the Iranian economy is already showing signs of strain. Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving […]
Did Russia Really Dump Its U.S. Debt?
DID RUSSIA REALLY DUMP ITS U.S. DEBT? Russia dumped 84% of its American debt,” blared a July CNN headline. Russian central-bank head Elvira Nabiullina said the sales were just part of “diversifying the entire structure of currencies.” But with the U.S. dollar accounting for two-thirds of global foreign-exchange reserves and most (non-intra-eurozone) international trade, dumping this much dollar debt […]
The Fed and Interest Rates
THE FED AND INTEREST RATES Most experts agree that through the manipulation of short-term interest rates, the central bank by means of expectations regarding future interest rate policy can also dictate the direction of long-term interest rates. On this way of thinking expectations regarding future short-term interest rates are instrumental in setting the long-term rates. […]
Here’s Why Rip-Roaring Inflation Is Inevitable
Here’s Why Rip-Roaring Inflation Is Inevitable The stability of America’s status quo is illusory. One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and government have pumped trillions of dollars of newly created money into the economy. Millions of words have been written about this, […]
BOJ Intervenes For Third Time In A Week: Offers To Buy Unlimited Bonds To Stabilize Markets
BOJ Intervenes For Third Time In A Week: Offers To Buy Unlimited Bonds To Stabilize Markets Ahead of the potentially dramatic BOJ decision tonight, the Japanese bond market is becoming increasingly jittery. After 10Y JGBs sold off early in the session, with yields rising as high as 0.11% – the highest level in almost a […]
Is Trump Starting To Lean On The Fed Or Setting It Up?
Is Trump Starting To Lean On The Fed Or Setting It Up? President Trump said in an interview with CNBC’s Joe Kernan this morning he “does not agree”, is not “thrilled” or “happy” with the FOMC’s interest rate hikes. The full interview and transcripts will be available tomorrow. Click here for excerpt of interview You Heard […]
Turkish Lira Tumbles To Record Low As “Ticking Time Bomb” Looms In Banking System
Turkish Lira Tumbles To Record Low As “Ticking Time Bomb” Looms In Banking System Having exercised his newly-omnipotent capabilities to alter central bank decrees and appointing a puppet cabinet, Turkish President Erdogan is now urging the general public to borrow in the currency in which they are paid, but, as Bloomberg reports, that warning came […]
Spotlight Turkey: Hyperinflation and Mass-Migration Crisis Inevitable
Spotlight Turkey: Hyperinflation and Mass-Migration Crisis Inevitable Turkey isn’t close to hyperinflation yet. But the path it’s on is a guaranteed way to get there. As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis. The Turkish lira fell around 4% against the dollar late Monday after Mr. Erdogan […]
