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Tag Archives: central banks
JPM, ECB Hint At Arrival Of “Helicopter Money” In Europe Following Next “Significant Downturn”
JPM, ECB Hint At Arrival Of “Helicopter Money” In Europe Following Next “Significant Downturn” Moments ago, ECB governing council member and Bank of Italy governor Ignazio Visco had some very troubling comments. He said that while helicopter money is not currently part of the discussion in the Governing Council that “no policy tool within our mandate […]
Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash
Japan Prints Additional ¥10,000 Bills As People Scramble To Stash Away Cash Long before negative interest rates shifted from the monetary twilight zone into the mainstream (with some 30% of global government bonds now trading with a subzero yield), one organization wrote a report warning about the dangers of NIRP. The NY Fed. Back in […]
Lost Faith In Central Banks And The Economic End Game
Lost Faith In Central Banks And The Economic End Game We live in strange economic times, stranger perhaps than at any other point in history. Since 2007-2008, the globally intertwined and dependent fiscal system has suffered considerable declines in every conceivable area. Manufacturing around the world is in a slump, from Japan to China to […]
Mises.org: And So It Begins…Negative Interest Rates Trickle Down in Japan
MISES.ORG: AND SO IT BEGINS… NEGATIVE INTEREST RATES TRICKLE DOWN IN JAPAN The negative interest rates imposed by the Bank of Japan have begun to make their way into the Japanese banking system. Japanese trust banks have begun to impose negative interest rateson accounts held by institutional investors. It shouldn’t be surprising that Japanese banks are […]
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy
Triffin’s Paradox Revisited: Crunch-Time for the U.S. Dollar and the Global Economy The reality is that we’re one panic away from foreign-exchange markets ripping free of central bank manipulation. While all eyes on fixated on global stock markets as the measure of “prosperity” and “growth” (or is it hubris?), the larger force at work beneath […]
In 20 Words The ECB Explains The Business Model Of Every Central Bank
In 20 Words The ECB Explains The Business Model Of Every Central Bank There were two notable things about a report released by the ECB this morning as part of its Occasional Paper Series titled “Profit distribution and loss coverage rules for central banks“, which purportedly analyzes “how profit distribution rules can affect the amounts distributed […]
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at […]
Benn Steil: Why Is Paul Krugman Still Calling For Fiscal Stimulus?
BENN STEIL: WHY IS PAUL KRUGMAN STILL CALLING FOR FISCAL STIMULUS? Nobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s own policy prescriptions, he assures us, are based wholly on soundeconomic science. Case in point is the theory of liquidity traps, which goes back […]
The Future of Money
The Future of Money The cartels and state organs are frantically trying to co-op, outlaw, corral or control this disruptive technology. To say that the future of money is blockchain-based crypto-currencies and payment platforms is to state the obvious nowadays. If this wasn’t the case, then why are Goldman Sachs et al. (i.e. the global too […]
Saudi Policy Tied to Weak Economy
Saudi Policy Tied to Weak Economy In recent weeks I have read many oil prognosticators theorizing what the ultimate Saudi strategy is, or what their end game might be. To recap, in mid-2014, Saudi Arabia decided to pump more oil into the market that was already starting seeing rising supply. U.S. shale was largely blamed […]
Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm
Yelling ‘Stay’ In A Burning Theater—–Yellen Ignites Another Robo-Trader Spasm Simple Janet has attained a new milestone as a public menace with her speech to the Economic Club of New York. It amounted to yelling “stay” in a burning theater! The stock market has been desperately trying to correct for months now because even the casino regulars can read the tea […]
Shuffling The Deckchairs On The USS Perpetual Growth
Shuffling The Deckchairs On The USS Perpetual Growth The USS Perpetual Growth was picking up speed, steaming over calm seas despite a growing chorus of capital market Cassandras fearing trouble under the surface and further out at sea. “Full speed ahead” Skipper Yellen barked to her economates, unperturbed by ominous radar images or the uselessness of econometric […]
Danish Central Bank Warns Of “Risk Illusion”, Fears “Fire Sale” Plunge In Asset Prices
Danish Central Bank Warns Of “Risk Illusion”, Fears “Fire Sale” Plunge In Asset Prices Having slashed rates below zero and unleashed various rounds of asset-purchases, the Riksbank (Denmark’s central bank) recently warned the rest of the world that “we have reached the limits of monetary policy.” Now, however, Denmark’s Systemic Risk Council has raised the financial system warning […]
Fed Admits it is the World’s Central Bank – not just the USA Central Bank
Fed Admits it is the World’s Central Bank – not just the USA Central Bank Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that everyone is […]
