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Peter Foster: Mark Carney, man of destiny, arises to revolutionize society. It won’t be pleasant
Peter Foster: Mark Carney, man of destiny, arises to revolutionize society. It won’t be pleasant What Carney ultimately wants is a technocratic dictatorship justified by climate alarmism Mark Carney, former governor of the Bank of Canada, is the author of Value(s): Building a Better World for All. PHOTO BY DYLAN MARTINEZ/REUTERS/FILE In his book Value(s): Building […]
When Central Bankers Take Credit for “Solving” Crises They Created
When Central Bankers Take Credit for “Solving” Crises They Created File under: “It is impossible to get a man to understand something when his livelihood depends on his not understanding it.” This morning I came across a Bob Murphy tweet replying to Mark Carney, the Canadian central banker and Davos darling: It turned out the […]
The Bank of England’s Governor Fears a Liquidity Trap
The Bank of England’s Governor Fears a Liquidity Trap The global economy is heading towards a “liquidity trap” that could undermine central banks’ efforts to avoid a future recession according to Mark Carney, governor of the Bank of England. In a wide-ranging interview with the Financial Times (January 8, 2020), the outgoing governor warned that central banks […]
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession
Central Bankers Are Quietly Freaking Out About How To Fight The Next Recession The world’s top central bank officials are rightly concerned that politicians in rich economies missed one key lesson of the last recession: Interest rate cuts can help to moderate a downturn, but aggressive fiscal policy is key to a healthy recovery. It […]
New World Order in Meltdown, But Russia Stronger Than Ever
New World Order in Meltdown, But Russia Stronger Than Ever Last week was full of portentous events. Only somebody who has not been awake for the last few years will fail to realize how these at first sight unconnected events are part of the same matrix. There was the ever louder talk in mainstream media […]
In Ominous Warning, Dalio Says The Current Period Is Just Like 1935-1945
In Ominous Warning, Dalio Says The Current Period Is Just Like 1935-1945 Something has dramatically changed in the establishment’s view of central banking… and of the future. As we reported earlier this week, recently we have observed a surprising spike in criticism of central banks by establishment figures, in some cases central bankers themselves, most […]
BofA: Central Banks Are Creating Bubbles Instead Of Helping The Economy; The Result Will Be A Disaster
BofA: Central Banks Are Creating Bubbles Instead Of Helping The Economy; The Result Will Be A Disaster In recent weeks we have seen a surprising spike in criticism of central banks by establishment figures, in some cases central bankers themselves, most notably Mark Carney who last Friday remarkably admitted that very low interest rates tend “to coincide […]
“Things Will Never Be The Same Again”: Here Are 20 Questions As Central Banks Admit Defeat
“Things Will Never Be The Same Again”: Here Are 20 Questions As Central Banks Admit Defeat Unlike prior years, there was a distinct sense of dread and powerless foreboding in this year’s Jackson Hole meeting, starting with Jerome Powell’s “boring” speech in which he blamed Trump’s trade war for the Fed’s inability to stimulate the […]
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency
Bank Of England Boss: China’s Renminbi Will Rival The Dollar As Global Reserve Currency The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions […]
Ann Pettifor: If I governed the Bank of England, here’s what I do
Ann Pettifor: If I governed the Bank of England, here’s what I do The radical economist outlines how she’d overhaul the UK’s broken economy. If such an implausible appointment were ever to be made by a Labour chancellor, I would regard it as a great honour. The Bank of England stands at the pinnacle of […]
Central Banking: It’s Alive!!
CENTRAL BANKING: IT’S ALIVE!! In his recent posting on Linked In, entitled, ‘The death of macro-prudential’, Stuart Trow of the EBRD delivered a well-aimed broadside at the pitiable conduct of the Bank of England and elaborated on some of the malign consequences of its catalogue of errors. Without wishing to single him out unduly for […]
Latest Wealth Data Shows Disproportionate Gains to the Rich During Era of QE
LATEST WEALTH DATA SHOWS DISPROPORTIONATE GAINS TO THE RICH DURING ERA OF QE Analysts will be watching the Bank of England closely this Thursday for any hints about its plans to raise interest rates. But despite rumours of further hikes, it’s worth remembering that we’re still living in an unprecedented era for monetary policy. Interest […]
Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years
Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining […]
The Upcoming Increase in Interest Rates
THE UPCOMING INCREASE IN INTEREST RATES Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and the Bank of Japan must be considering similar moves. Central banks […]
Jackson Hole and the Appalachians
Jackson Hole and the Appalachians Henri Cartier-Bresson Trafalgar Square on the Day of the Coronation of George VI 1937 The Jackson Hole gathering of central bankers and other economics big shots is on again. They all still like themselves very much. Apart from a pesky inflation problem that none of them can get a grip […]
