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Tag Archives: central banks
Time to Get Real: Part I
Time to Get Real: Part I In a world where fair value is a central bank veiled enigma it’s frankly a challenge to keep things real, but I’ll have a go at it in what will be a 3 part series covering central banks, the underlying fundamental picture, and a technical assessment of charts. In this part I’ll be covering […]
China: Something Must Burst
CHINA: SOMETHING MUST BURST “I know from a common sense financial standpoint that something has to burst. When a country is losing billions and billions and billions of dollars a year and when other countries are making hundreds of billions of dollars, something is going to burst” That was businessman Trump on America’s trade deficit […]
A Convocation of Interventionists – Part 1
A Convocation of Interventionists – Part 1 Modern Economics – It’s All About Central Planning We are hereby delivering a somewhat belated comment on the meeting of monetary central planners and their courtier economists at Jackson Hole. Luckily timing is not really an issue in this context. Central bank headquarters: the Fed’s Eccles building, the […]
Oilmageddon, Central Banks And Liquidity: The 3 “Feedback Loops” Keeping Citi Up At Night
Oilmageddon, Central Banks And Liquidity: The 3 “Feedback Loops” Keeping Citi Up At Night In recent months we have seen a dramatic spike in visualizations by sellside analysts, who appear to have finally grasped the reflexive nature of markets first noted so many years ago by none other than George Soros, which – with the […]
Governments Change, the Corporatocracy Endures
Governments Change, the Corporatocracy Endures Ultimately, the dominance of global capital (the Corporatocracy) is not financial– it’s political. One little-remarked consequence of the central banks’ policies of near-zero interest rates and quantitative easing is the unrivaled dominance of mobile global capital, i.e. the Corporatocracy. The source of corporate political power is the ability to borrow essentially […]
A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks
A Look Inside Europe’s Next Crisis: Why Everyone Is Finally Panicking About Italian Banks Back in May 2013, we wrote an article titled “Europe’s EUR 500 Billion Ticking NPL Time Bomb” in which we laid out very simply what the biggest danger facing European banks was: non-performing, or bad, loans. We further said, that “Europe’s non-performing […]
Here We Go Again——August 2007 Redux
Here We Go Again——August 2007 Redux Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and elsewhere in Europe and the sudden trading suspensions by three UK commercial property funds. If this is […]
Bravo Brexit!
Bravo Brexit! At long last the tyranny of the global financial elite has been slammed good and hard. You can count on them to attempt another central bank based shock and awe campaign to halt and reverse the current sell-off, but it won’t be credible, sustainable or maybe even possible. The central bankers and their compatriots at the […]
Please Don’t Pop My Bubble!
Please Don’t Pop My Bubble! So ride your bubble of choice up–stocks, bonds, housing, bat guano, take your pick–but it’s best to keep your thumb on the sell button. One person’s bubble is another person’s “fair market value.” What is clearly an outrageously overvalued asset perched at nosebleed levels of central-bank fueled speculative euphoria is to […]
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity
Central Bankers Around The Globle Scramble To Defend Markets: BOE Pledges $345BN; ECB, Others Promise Liquidity There was a reason why we warned readers two days ago that “The World’s Central Bankers Are Gathering At The BIS’ Basel Tower Ahead Of The Brexit Result“: simply enough, it was to facilitate an immediate response when a […]
Unprecedented Mainstream Media Criticism of Central Banking Bodes Ill for the Larger Economy
Unprecedented Mainstream Media Criticism of Central Banking Bodes Ill for the Larger Economy DoubleLine’s Gundlach says ‘central banks are losing control’ … Jeffrey Gundlach, the chief executive of DoubleLine Capital, said on Tuesday investors are dropping risky assets and turning to safer securities including Treasuries and gold because they are losing faith in central banks. […]
Sometimes You Just Have to Go With the Flow When Nothing Flows
Sometimes You Just Have to Go With the Flow When Nothing Flows The central banks are clueless and have no control over the economy. This whole thing reminds me of Australia. I loved going into the Outback, driving through rivers, and seeing ant hills that were taller than the Jeep. I was invited to go […]
Jeff Gundlach: “Things Are Going To Get Pretty Scary”
Jeff Gundlach: “Things Are Going To Get Pretty Scary” One day before the Fed’s June statement, Jeff Gundlach once again accurately predicted the somber mood that would ensue as a result of Yellen’s Wednesday decision and press conference when he correctly said that “Central Banks Are Losing Control.” Today, in the aftermath of James Bullard stunning […]
It Takes a Village to Maintain a Dangerous Financial System
It Takes a Village to Maintain a Dangerous Financial System Abstract: I discuss the motivations and actions (or inaction) of individuals in the financial system, governments, central banks, academia and the media that collectively contribute to the persistence of a dangerous and distorted financial system and inadequate, poorly designed regulations. Reassurances that regulators are doing […]
