Home » Posts tagged 'central banks' (Page 92)
Tag Archives: central banks
Deutsche Bank’s Modest Proposal To Central Banks: “Purchase The Gold Held By Private Households” | Zero Hedge
Deutsche Bank’s Modest Proposal To Central Banks: “Purchase The Gold Held By Private Households” | Zero Hedge. From the bank that a few days ago informed us that “People Are Talking About Helicopter Money And Debt Cancellation Being The End Game“, comes the logical next step. Here it is, without commentary and the key section […]
charles hugh smith-Central Banks: When We Succeed, We Fail
charles hugh smith-Central Banks: When We Succeed, We Fail. Goosing stocks ever higher will eventually push wealth inequality to the point that it unleashes social instability. Central banks around the world share a few simple goals: 1. Defeat deflation by sparking inflation–in the cost of goods and services, not wages. 2. Weaken the currency to […]
The Consequences of Imposing Negative Interest Rates |
The Consequences of Imposing Negative Interest Rates |. Negative Interest Rates and Capital Consumption Ever since the ECB has introduced negative interest rates on its deposit facility, people have been waiting for commercial banks to react. After all, they are effectively losing money as a result of this bizarre directive, on excess reserves the accumulation […]
charles hugh smith-Have Central Banks Entered an Undeclared War?
charles hugh smith-Have Central Banks Entered an Undeclared War?. The monetary tectonic plates are shifting, and predicting the next global financial earthquake is relatively easy. I recently suggested that the devaluation of the yen was Japan’s Monetary Pearl Harbor: a direct attack on the currencies of its major trading partners: the euro (European Union), the won […]
Planning begins for a euro-free Europe – Ludwig von Mises Institute Canada
Planning begins for a euro-free Europe – Ludwig von Mises Institute Canada. From today’s Open Europe news summary: In an interview with RTL, Dutch Finance Minister Jeroen Dijsselbloem admitted that the Dutch government looked at what would happen if plans to save the euro “didn’t succeed”. His predecessor Jan Kees de Jager added separately that the Netherlands […]
It’s Official: Party Now, Apocalypse Later | Wolf Street
It’s Official: Party Now, Apocalypse Later | Wolf Street. The signs are everywhere, after years of central-bank collusion to douse the world with free money: historically low yields even on the riskiest cov-lite junk bonds; corporate profit margins at the upper extreme of the range; record valuations of stocks and other assets…. Heck, even startups: […]
Does money grow on trees? | openDemocracy
Does money grow on trees? | openDemocracy. The debate about the banks’ power to create money is becoming much more mainstream. After the recent event, Does Money Grow on Trees?, parliament is scheduled to debate the issue for the first time in 170 years. This was a question posed by Martin Wolf, chief economics commentator […]
Moneyness: Sign Wars
Moneyness: Sign Wars. Does a lowering of a central bank’s interest rates create inflation or deflation? Dubbed the ‘Sign Wars‘ by Nick Rowe, this has been a recurring debate in the economics blogosphere since at least as far back as 2010. The conventional view of interest rate policy is that if a central bank keeps […]
Here’s what I think the financial system will look like in the future
Here’s what I think the financial system will look like in the future. Thousands of years ago whenever the Pharaohs of Ancient Egypt passed away, they were buried with all of their gold in a specially constructed tomb. The idea was to ward off thieves with booby traps and other perils so that these perceived […]
QE isn’t dying, it’s morphing – Thoughts – Nomi Prins
QE isn’t dying, it’s morphing – Thoughts – Nomi Prins. A funny thing happened on the way to the ‘end’ of the multi-trillion dollar bond buying program known as QE – the Fed chronicles. Aside from the shift to a globalization of QE via the European Central Bank (ECB) and Bank of Japan (BOJ) as I wrote […]
Yellen’s Message to Draghi: Print, Baby, Print! |
Yellen’s Message to Draghi: Print, Baby, Print! |. Bloomberg informs us that there is a “Yellen Message to Europeans Divided on QE: Do Whatever It Takes”. The belief that central bank bureaucrats can “rescue” the economy by printing more money evidently remains as firmly ingrained as ever. As Paul Singer, the head of Elliott Management, […]
Ukraine Currency Crashes After Senior EU Official Says “The Ukrainians Are Manipulating Us” | Zero Hedge
Ukraine Currency Crashes After Senior EU Official Says “The Ukrainians Are Manipulating Us” | Zero Hedge. The much discussed tumble in the Russian ruble (or as Japan would call it “mission accomplished” if its was the Yen instead of the Ruble) may have stabilized somewhat, and judging by the Russian central bank’s response to no […]
Deep Divisions Emerge over ECB Quantitative Easing Plans – SPIEGEL ONLINE
Deep Divisions Emerge over ECB Quantitative Easing Plans – SPIEGEL ONLINE. At first glance, there’s little evidence of the sensitive deals being hammered out in the Market Operations department of Germany’s central bank, the Bundesbank. The open-plan office on the fifth floor of its headquarters building, where about a dozen employees are staring at their […]
oftwominds-Charles Hugh Smith: Where Will Risk Erupt This Time?
oftwominds-Charles Hugh Smith: Where Will Risk Erupt This Time?. So where has all the risk pooled up in the system? In foreign exchange (FX) markets, that’s where. One of the precepts of this blog is that risk cannot be disappeared, it can only be transferred or temporarily hidden from view. This runs counter to modern portfolio management, which […]
