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Tag Archives: central banks
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems
The Global Problem: Monetary Policy Can’t Fix an Economy’s Structural Problems When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine. What with all the praise being heaped on central banks for “saving” the world from economic doomsday in […]
India Central Bank Cuts Interest Rate “Pre-Emptively” For Second Time In 2 Months
India Central Bank Cuts Interest Rate “Pre-Emptively” For Second Time In 2 Months In a surprise move, the RBI just cut its main interest rates for the second time in two months, taking it from 6.75% to 6.50%, in what the central bank calls a “pre-emptive” policy move, but what is in reality merely a […]
Which New World Order Are We Talking About?
Which New World Order Are We Talking About? Those of us who are libertarians have a tendency to speak frequently of “the New World Order.” When doing so, we tend to be a bit unclear as to what the New World Order is. Is it a cabal of the heads of the world’s governments, or […]
China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21
China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21 And then there were 21. Hours ago on Saturday, the country whose currency is largely pegged to the dollar which itself is now anticipating a rate hike in the coming months, surprised the world by confirming its economic slowdown yet again […]
Annaly’s CEO Accurately Compares Central Bankers to Witch Doctors; Possible “Blood-Letters”
Annaly’s CEO Accurately Compares Central Bankers to Witch Doctors; Possible “Blood-Letters” The story of bloodletting is intertwined in the mysterious fabric of medical lore; it originated from magic and religious ceremonies. The physician and priest were one and the same since disease was thought to be caused by supernatural causes. Witch doctors and sorcerers were […]
The “Liquidity Glut” Springs Eternal: Global Central Bank Easing Quadruples In 2015
The “Liquidity Glut” Springs Eternal: Global Central Bank Easing Quadruples In 2015 Thanks to global disinflationary pressures driven by the savings glut, an oil glut, and universally high (peak) debt levels (crushing the transmission mechanisms of textbook economists), central planners have gone full ease-tard in 2015. From a ‘balanced’ 10 easing, 9 tightening bias (~1:1) in […]
Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen”
Federal Reserve Insider Alan Greenspan Warns: There Will Be a “Significant Market Event… Something Big Is Going To Happen” With the Federal Reserve printing trillions upon trillions of dollars to keep the economic system afloat, many investors and financial pundits have surmised that the fundamental economic problems facing the United States during the crash of […]
THE MONEY WARS
THE MONEY WARS At some point in the future, those who have the privilege of writing the history about our present day events will find clever turns of phrase to describe our times. If those future scribes have any inkling of what actually transpired I imagine they will be able to clearly communicate these were […]
Debtors’ Prison: Global Debt Has Grown $57 TRILLION Since 2007 With 100 Percent Of Sovereign Debt Monetized
Debtors’ Prison: Global Debt Has Grown $57 TRILLION Since 2007 With 100 Percent Of Sovereign Debt Monetized Now that the Greece default crisis is on temporary hold (they will be back again), it is time to turn our focus to the GLOBAL debt market. Since the subprime mortgage crisis and Lehman failure, global debt has grown by […]
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday
Greek Deposit Run Accelerates Ahead Of Monday’s Bank Holiday Official Greek deposit data began tumbling in December (outflows around EUR3bn), and accelerated in January in the run up to the Syriza election (proxied by JPMorgan at over EUR 12bn). During the last two weeks, however, the absence of ATM lines and visible bank runs has been […]
How Many More “Saves” Are Left in the Central Bank Bazookas?
How Many More “Saves” Are Left in the Central Bank Bazookas? Very few, it seems The master narrative of the global economy shifted six years ago from “China will push global growth for decades to come” to “the central banks can push global growth for decades to come.” Time after time we’ve witnessed enfeebled global […]
Central Banks Have Lost Control Of The World
Central Banks Have Lost Control Of The World With the world’s oldest central bank – Sweden’s Riksbank – taking the plunge into negative rates, there have been 19 ‘eases’ by central banks this year, Morgan Stanley warns of “ghosts of the 1930s.” With competitive ‘easing’ stoking fears of international currency wars,The Telegraph notes however that looser monetary policy is […]
We Live In An Era Of Dangerous Imbalances
We Live In An Era Of Dangerous Imbalances And history shows they correct painfully The intervention by the world’s central banks has resulted in today’s bizarro financial markets, where “bad news is good” because it may lead to more (sorry, moar) thin-air stimulus to goose asset prices even higher. The result is a world addicted to debt […]
We Live In An Era Of Dangerous Imbalances
We Live In An Era Of Dangerous Imbalances And history shows they correct painfully The intervention by the world’s central banks has resulted in today’s bizarro financial markets, where “bad news is good” because it may lead to more (sorry, moar) thin-air stimulus to goose assets prices even higher. The result is a world addicted to debt […]
Keeping Greece in the eurozone is worth the pain: Don Pittis
Keeping Greece in the eurozone is worth the pain: Don Pittis To misquote Mao Zedong, creating a single currency is not a tea party. Despite former U.S. central banker Alan Greenspan’s disparaging comments about the future of the euro, Americans had far worse problems creating a single currency. The question facing the Europeans as they hammer […]
