by Mish Shedlock, Mish Talk:
Economists debate limits of monetary easing, especially negative interest rates that prompt savers and even banks in Germany to stockpile cash in safes and bank vault. Bank of Japan chief Haruhiko Kuroda sees things differently.
Please consider Bank of Japan Vows to Keep Easing Monetary Policy.
Haruhiko Kuroda […]
from Antonius Aquinas:
To the economic and political detriment of the Western world and those economies beyond which have adopted its precepts, 2016 marks the eightieth anniversary of the publication of one of, if not, the most influential economics books ever penned, John Maynard Keynes’ The General Theory of Employment, Interest and Money. […]
from Zero Hedge:
On the verge of running out of bond to monetize, the ECB has engaged in something fed had expected: it is buying bonds from itself. But according to a troubling Reuters “trial balloon” that may be just the beginning: as Reuters writes, the “ECB may soon be forced to follow the […]
by John Rubino, Dollar Collapse:
For most of the world, the past decade’s monetary and fiscal experiments are viewed as failures. See, for instance, French support for the EU project crumbling on both left and right and Why were smart people suckered by Abenomics?
So what do the best and brightest now running global […]
“All our risk analysts are trying to peel the onion to understand if this is all correlated or if there’s something we can find that isn’t correlated,” Carsten Stendevad, the chief executive officer of ATP, said in an interview in Copenhagen. “The truth is, yes, we can find pockets of things that […]
by Pater Tenebrarum, Acting Man:
Mark Carney, Wrecking Ball
For reasons we cannot even begin to fathom, Mark Carney is considered a “superstar” among central bankers. Presumably this was one of the reasons why the British government helped him to execute a well-timed exit from the Bank of Canada by hiring him to head […]
from The Money GPS:
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