The ECB and John Law
byLast week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial…
Mario meets Spinal Tap
byNot only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Zero Hedge: “Cheerleader” Fed Loses Credibility: Big Funds No Longer Trust The ‘Dot Plot’
byFor the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as…
Kings of the wild frontier
bySimple but not easy – The title of Richard Oldfield’s book about value investing. It has a young, highly educated population. 60% of its…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
David Stockman: Thanks For The Corporate Bond Bubble, Fed
byOnce upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That…
Zero Hedge: Sudden Plunge In Japanese Government Bonds Triggers Circuit Breaker, Halts Market For 30 Seconds
byIt was just yesterday when we observed the record collapse across the Japanese curve when first the 10Y JGB plunged to an all time…
Eugen von Böhm Bawerk: Greenspan, the Sheepherder
byIt is common knowledge by now that Federal Reserve Chairman Alan Greenspan oversaw, enabled and approved of, a major transition in the US economy….
Interest on Gold Is the New Tempest in a Teapot
byZero Hedge published an article on Canadian Bullion Services (CBS) last week. Other sites ran similar articles. The common thread through these articles, and…
Downtrend in the growth rate of money supply poses a threat to bubble activities
byThe yearly growth rate of real gross domestic product eased to 1.9% in Q4 from 2% in the previous quarter. Using our large scale…