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Tag Archives: central banks
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next
If You Listen Carefully, The Bankers Are Actually Telling Us What Is Going To Happen Next Are we on the verge of a major worldwide economic downturn? Well, if recent warnings from prominent bankers all over the world are to be believed, that may be precisely what we are facing in the months ahead. As […]
The global financial system stands on the brink of second credit crisis
The global financial system stands on the brink of second credit crisis The world financial system stands on the brink of a second credit crisis as interbank lending shows increasing risk The world economy stands on the brink of a second credit crisis as the vital transmission systems for lending between banks begin to seize […]
Russell Napier: “The Most Dangerous Thing In Finance Is The Thing That Never Ever Moves – Until It Moves”
Russell Napier: “The Most Dangerous Thing In Finance Is The Thing That Never Ever Moves – Until It Moves” The PBOC – How to fail in business without really flying “Terrain seems a bit unstable…and there seems to be no sign of intelegent life anywhere” – Buzz Lightyear (Toy Story) “That wasn’t flying…that was falling […]
“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, […]
Debt In The Time Of Wall Street
Debt In The Time Of Wall Street With all the media focus aimed at Greece, we might be inclined to overlook – deliberately or not – that it is merely one case study, and a very small one at that, of what ails the entire world. The whole globe, and just about all of its […]
The Beauty of Deflation
The Beauty of Deflation Deflation Paranoia The euro zone’s consumer price inflation rate declined below 1% in early 2014, getting closer to zero during 2014, nowhere near the ambitious 2% benchmark set by central banks. A further small downward adjustment in the inflation rate has put it into negative territory, so harmonized euro area consumer […]
Oil-led deflation can be good, bad or ugly
Oil-led deflation can be good, bad or ugly Not all deflation is the same. In this case, cheaper oil wears the white hat — for now When you fill up your car with cheap gas, there’s a group of economists who just hate it. That’s because in many parts of the world the biggest worry for economic […]
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles
Greeks Spooked by Debt Clashes Put Cash Under Bathroom Tiles (Bloomberg) — Georgios Karavelas drives a taxi in Athens and for the past month has been a silent witness to what ordinary Greeks are doing with their cash. One passenger, he said, told someone on his mobile phone that he’d withdrawn 25,000 euros from the […]
How Much Longer Can Central Banks Push Bonds to Absurdity?
How Much Longer Can Central Banks Push Bonds to Absurdity? Central banks around the world have fallen all over each other lowering their benchmark interest rates. On Tuesday, the Reserve Bank of Australia was the latest, cutting its cash rate to an all-time low of 2.25%. It didn’t mince words: “A lower exchange rate is […]
Yes it is Scary – But Necessary
Yes it is Scary – But Necessary COMMENT: Hi Martin, Once again, thank you for all the information you provide on a daily basis. It is informative as well as scary at the same time. I’m afraid you are preaching to the hard headed. Here in Canada, people truly believe in government and socialist ideologies. It […]
Rates Don’t Matter–Liquidity Matters
Rates Don’t Matter–Liquidity Matters The cure for systemic fragility is not low interest rates forever–it’s a market that transparently prices credit and risk for lenders and borrowers, qualified and marginal alike. One of the most unquestioned narratives out there is that the Federal Reserve raising interest rates from 0% to .25% (or .50%) will crush […]
ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece
ECB Threatens Athens With Bank Funding Cutoff If No Deal In One Month: February 28 Is Now D-Day For Greece As Deutsche Bank’s George Saravelos politely puts it, “Developments since the Greek election on Sunday have moved very fast.” And indeed, so far the new Tsipras cabinet, and here we focus on the words and […]
Draghi’s Dangerous Bet: The Perils of a Weak Euro
Draghi’s Dangerous Bet: The Perils of a Weak Euro The recent decision by the European Central Bank to open the monetary floodgates has weakened the euro and is boosting the German economy. But the move increases the threat of turbulence on the financial markets and could trigger a currency war. The concern could be felt everywhere […]
Putin Fingerprints Seen All Over Surprise Interest-Rate Reversal
Putin Fingerprints Seen All Over Surprise Interest-Rate Reversal (Bloomberg) — The message some Russia watchers are getting from Friday’s surprise interest-rate cut is this: Start listening more to what President Vladimir Putin’s aides say about monetary policy and less to central bankers. Here’s the key evidence. In comments made just nine days ago, the country’s […]
We Ignore Unintended Consequences At Our Peril
We Ignore Unintended Consequences At Our Peril They’ll likely define our future more than the intended ones Early in my business career, I was faced with a challenge that gave me an appreciation for a critical lesson about life and business. It’s that oftentimes, even with the best of intentions, our actions create consequences completely […]
