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Tag Archives: central banks
Let The Bail-Ins Begin
Let The Bail-Ins Begin Portugal is starting to bail-in banks. The fascinating aspect that nobody seems to see is that this is a total failure of socialism. The U.S. Federal Reserve was formed in 1913, with the shareholders being the banks, to provide the cash needed to prevent bank failures. To stimulate the economy when […]
Albert Edwards Hits Peak Pessimism: “S&P Will Fall 75%”, Global Recession Looms
Albert Edwards Hits Peak Pessimism: “S&P Will Fall 75%”, Global Recession Looms 2016 has thus far been a year characterized by remarkable bouts of harrowing volatility as the ongoing devaluation of the yuan, plunging crude prices, and geopolitical uncertainty wreak havoc on fragile, inflated markets. With asset prices still sitting near nosebleed levels after seven […]
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time
Bob Janjuah Warns The Bubble Implosion Can’t Be “Fixed” This Time Having correctly foreseen in September that “China’s devaluations are not over yet” it appears Nomura’s infamous ‘bear’ Bob Janjuah has also nailed The Fed’s subsequent actions (hiking rates into a fundamentally weakening economy in a desperate bid to “convince markets that strong growth and inflation are on their […]
China, Oil and Markets: It’s All One Story
China, Oil and Markets: It’s All One Story If there’s one thing to take away from this year’s developments in markets and economies so far, it’s that they are all linked, they’re all part of the same thing. If you can’t see that, you’re not going to understand what’s happening. Looking at falling oil prices […]
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns
China Has A “Colossal Credit Bubble” And No One Knows How It Will Unwind, Marc Faber Warns A little over a week ago, Marc Faber dialed in from Thailand to chat with Bloomberg TV about the outlook for US equities, the American economy, and USTs in the new year. The US is “already in a recession,” the […]
The Global Monetary Non-System
The Global Monetary Non-System NEW DELHI – As 2015 ended, the world boasted few areas of robust growth. At a time when both developed and emerging-market countries need rapid growth to maintain domestic stability, this is a dangerous situation. It reflects a variety of factors, including low productivity growth in industrial countries, the debt overhang […]
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies
2016 Theme #3: The Rise of Independent (non-state) Crypto-Currencies This week I am addressing themes I see playing out in 2016. A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies. We all know money is created and distributed by governments and central banks. The reason is simple: […]
My Financial Road Map For 2016
My Financial Road Map For 2016 Happy New Year to All! May 2016 bring peace to you and your loved ones. Over the holidays, I had the opportunity to stay away from airports and hike Runyon Canyon with my dogs. For those of you that have never traversed Runyon’s peaks and dips, they are nature’s respite […]
Central Bank Money Printing—-The Rotten Philosophy Beneath
Central Bank Money Printing—-The Rotten Philosophy Beneath If advocates of freedom were to make up a list of New Year’s resolutions for 2016, one of the most important items should be ending government’s monopoly control over money. In a free society, people in the marketplace should decide what they wish to use as money, not […]
Janet Yellen Fights the Tide of Falling Interest
JANET YELLEN FIGHTS THE TIDE OF FALLING INTEREST On Wednesday Dec 16, Federal Reserve Chair Janet Yellen announced that the Fed was raising the federal funds rate by 25 basis points. Let’s get one thing out of the way. This is not a move towards free markets. Whether the Fed sets interest lower, or whether it sets […]
China’s Slow-Motion Sleight Of Hand Shatters
China’s Slow-Motion Sleight Of Hand Shatters The Chinese stock markets broke through 2 circuit breakers today, breakers that were introduced only a few months ago in response to the market selloff, triggered by a surprise yuan devaluation, in August. The first breaker, at -5%, forced a 15-minute trading halt. The second one, at -7%, halted […]
Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters
Unmanageable Money, Part 2: Hedge Funds Keep Losing — And Closing — And Why It Matters How do you make money in a world where history is meaningless? The answer, for a growing number of big fund managers, is that you don’t. Hedge funds, generally the most aggressive species of money manager, do a lot […]
Fed Vice Chair Explains Why The Fed Is Still Obsessing With Negative Interest Rates
Fed Vice Chair Explains Why The Fed Is Still Obsessing With Negative Interest Rates Two months ago, and roughly 6 weeks before the Fed’s first rate hike in 9 years, Janet Yellen warned that if the “outlook worsened, the fed might weight negative rates” adding that “negative rates could help encourage banks to lend.” Moments ago, in […]
Bank of America Explains How Central Banks Rigged And Manipulated The Market
Bank of America Explains How Central Banks Rigged And Manipulated The Market It used to be the provenance of “conspiracy theorists” – alleging that central banks have manipulated, rigged or otherwise broken the “efficient market.” That is no longer the case. As we previously showed, now even the big banks admit it. However, since for some […]
