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Tag Archives: central bank
Political Economics
Political Economics Who President Trump ultimately picks as the next Federal Reserve Chairman doesn’t really matter. Unless he goes really far afield to someone totally unexpected, whoever that person will be will be largely more of the same. It won’t be a categorical change, a different philosophical direction that is badly needed. Still, politically, it […]
How The Elite Dominate The World – Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank
How The Elite Dominate The World – Part 2: 99.9% Of The Global Population Lives In A Country With A Central Bank Even though the nations of the world are very deeply divided on almost everything else, somehow virtually all of them have been convinced that central banking is the way to go. Today, less […]
With Just Hours Until Spain’s Ultimatum Runs Out, Catalonia Proposes Its Own Central Bank
With Just Hours Until Spain’s Ultimatum Runs Out, Catalonia Proposes Its Own Central Bank It’s D-Day for Catalan President Carles Puigdemont who has just a few hours left until 10 am on Monday (4am ET) to respond to the Spanish government’s ultimatum delivered last week by the prime minister, demanding to know whether Puigdemont did, […]
ECB v the Federal Reserve – Different Animals Altogether
ECB v the Federal Reserve – Different Animals Altogether QUESTION: Do you you really think Trump would let the Central Banks Default? He said we would write off PoteRicos debt maybe he plans to write everything off can he do that? If this really did happen wouldn’t the dollar be worthless? S ANSWER: It seems […]
Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United States
Janet Yellen’s 78-Month Plan for the National Monetary Policy of the United States Past the Point of No Return Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that comes with it, usually surfaces just after […]
Today the music stops
Today the music stops Today’s the day. After months of preparing financial markets for this news, the Federal Reserve is widely expected to announce that it will finally begin shrinking its $4.5 trillion balance sheet. I know, that probably sound reeeeally boring. A bunch of central bankers talking about their balance sheet. But it’s phenomenally […]
What Does the QE Experience Say About Rates in a Shrinking Fed Balance Sheet World?
What Does the QE Experience Say About Rates in a Shrinking Fed Balance Sheet World? The Federal Reserve is likely to decide next week to begin letting assets roll of its balance sheet as bonds mature, instead of reinvesting the proceeds. This means that the balance sheet will begin to shrink in size and other […]
Bank of Canada Shuts Out Free Market Economists from Key Policy Conference – Peter Diekmeyer
Bank of Canada Shuts Out Free Market Economists from Key Policy Conference – Peter Diekmeyer Next week’s Bank of Canada policy conference appears set to deliver standard talking points. Not a single free market economist has been invited and a BOC spokesperson confirmed that the alternative-financial press is also being shut out. The BOC […]
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet
Fearing Contagion, Russia Bails Out Bondholders in its Biggest Bank Collapse Yet “The panicky mood has been dampened down,” as other banks are rumored to be teetering. True to the playbook of bank bailouts, the Central Bank of Russia (CBR) decided to bail out Bank Otkritie Financial Corporation, the largest privately owned bank in the […]
Russian Central Bank Bails Out Otkritie Bank, Country’s Largest Private Lender
Russian Central Bank Bails Out Otkritie Bank, Country’s Largest Private Lender It’s been a while since the world had any bank solvency concerns; in fact, ever since the thrice botched bail out of Monte Paschi and the debacle that was Banco Popular, it has been largely smooth sailing. That changed moments ago, when the Russian […]
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets It was two years ago, in June of 2015, when just as the Shanghai Composite was flirting with 5,000 and when literally the local banana stand guy was trading stocks, that the Chinese stock bubble burst, unleashing an unprecedented selling spree, […]
Fake News From the Fed
Fake News From the Fed What you see in the media is mostly “fake news.” Reuters had this story recently: Most Federal Reserve policymakers think the central bank should take steps to begin trimming its $4.5 trillion balance sheet later this year as long as the economic data holds up, minutes from their last meeting […]
Japan: A Future of Stagnation
Japan: A Future of Stagnation Take a declining population with declining rates of productivity growth and load it up with debt, and you get a triple-whammy recipe for permanent stagnation. One of our longtime friends in Japan just sold the family business. The writing was on the wall, and had been for the past decade: fewer […]
