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Tag Archives: monetary policy
“We Just Need To Print More Money” Bank Of Japan’s New Board Member Clarifies Endgame
“We Just Need To Print More Money” Bank Of Japan’s New Board Member Clarifies Endgame The Abe administration nominated a major proponent of reflationary (inflationary) monetary policy to the central bank’s board, buttressing Governor Haruhiko Kuroda’s efforts to save the nation from the dread of deflation. As Bloomberg reports, economist Yutaka Harada, who will replace Ryuzo Miyao, […]
Bank Of Russia Surprises With Unexpected Rate Cut, Brings YTD Total Of Nations Easing To 14
Bank Of Russia Surprises With Unexpected Rate Cut, Brings YTD Total Of Nations Easing To 14 Yesterday we reported that in less than 1 month in 2015, so far a whopping 13 countries have proceeded with “surprising” rate cuts: Singapore, Europe, Switzerland, Denmark, Canada, India, Turkey, Egypt, Romania, Peru, Albania, Uzbekistan and Pakistan. As of this morning, make […]
The Wreck Of The Monetary Hesperus
The Wreck Of The Monetary Hesperus For 73 months running the Fed has lashed the money markets to the gross financial anomaly of ZIRP. Never before in the history of the world has any central bank or other monetary authority decreed that overnight money shall be indefinitely free to gamblers or that liquid savers should have their […]
The Truth About The Monetary Stimulus Illusion
The Truth About The Monetary Stimulus Illusion Perhaps economic policymakers, including Federal Reserve Chair Janet Yellen and the Bank for International Settlements, should take a closer look at Japan, China, and yes, the United States, when debating the limits of monetary stimulus and the dangerous nature of financial bubbles. The discussion is happening too late to […]
A Quick Sanity Check
A Quick Sanity Check A cautionary reminder of where we are in this story Sometimes it pays to step way back and look at things from a high level. In response to the 2008 crisis, the world’s major central banks pumped an unprecedented amount of monetary stimulus into the system — all in the name […]
How Do You Unmanipulate a Manipulated Economy?
How Do You Unmanipulate a Manipulated Economy? Breaking the stranglehold of vested interests is the essential step to rebuilding an economy that isn’t totally dependent on manipulated money and statistics. The word manipulated has the sour taste of officially sanctioned distortion in service of an Elite’s interests. At a minimum, manipulation smacks of intent to defraud. If there is no intent […]
IMF cuts global growth outlook, calls for accommodative policy
IMF cuts global growth outlook, calls for accommodative policy BEIJING (Reuters) – The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth. Global growth is projected at 3.5 percent for 2015 and 3.7 […]
Either Crude or Copper
Either Crude or Copper The primacy of the monetary pyramid in 2015 is not really about money as it is all ideology. If you believe that monetary policy provides “stimulus” then you immediately remove all thoughts of any economic decline during times when monetarism is most active. Since “it works” then all else must fall […]
The Stimulus Monkeys Are Screeching And The Central Banks Are Pushing On A String
The Stimulus Monkeys Are Screeching And The Central Banks Are Pushing On A String Have you been at the zoo when the monkeys start rattling their cages and screeching in unison? That about sums up the last 24 hours since the euro zone’s December CPI printed at negative 0.2% versus prior year. Within minutes of the release, brokerage […]
The Fed. Is Losing If Not Already Lost Control
The Fed. Is Losing If Not Already Lost Control We witnessed a few things for the start of 2015 in the financial markets that were unlike any previous. The first three days of the new year produced the worst three-day stint in the markets – ever. A meaningless, insignificant, trivial, data point? Possibly. However, when it […]
How Asset Manager BlackRock Gave Me the Willies About 2015 | Wolf Street
How Asset Manager BlackRock Gave Me the Willies About 2015 | Wolf Street. BlackRock, the largest asset manager in the world and one of the big beneficiaries of the Fed’s policies, and of similar policies by other central banks, is in a bullish mood. In its 2015 Investment Outlook, BlackRock is gung-ho about the US […]
The Keynesian End Game Crystalizes In Japan’s Monetary Madness | David Stockman’s Contra Corner
The Keynesian End Game Crystalizes In Japan’s Monetary Madness | David Stockman’s Contra Corner. If the BOJ’s mad money printers were treated as monetary pariahs by the rest of the world, it would at least imply that a modicum of sanity remains on the planet. But just the opposite is the case. Establishment institutions like the IMF, the US treasury […]
Bank of England committee remains divided over interest rates rise | Business | The Guardian
Bank of England committee remains divided over interest rates rise | Business | The Guardian. The Bank of England’s interest rate setting committee was split in the last month of this year after two members maintained their view that forecasts of higher wages next year should be offset by higher credit costs. Martin Weale and […]
How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking | David Stockman’s Contra Corner
How Bloomberg’s Algo-Writers Serve The Cult Of Keynesian Central Banking | David Stockman’s Contra Corner. If you ever needed proof that the financial press has been completely indoctrinated in the cult of Keynesian central banking consider the attached Bloomberg note on the recent tiny decline in Chinese industrial company profits. Without breaking for anything more than a comma, its hapless […]
This Country Will Be the Next Zimbabwe… |
This Country Will Be the Next Zimbabwe… |. Working with their Hands Things are slowing down. This is Thanksgiving week. People are leaving work early, trying to beat the holiday traffic rush. US stocks and gold were flat yesterday. We’re still in New York, taking care of business. Tomorrow, we’ll get an early start and […]
