Site Contributions: Central Banking
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| 05/21/13 - Easing Policies in Chaos After BIS, IMF Attack?
BIS and IMF attacks on quantitative easing deeply misguided warn monetarists ... Monetarists across the world have warned that the International Monetary Fund and the Bank for ... |
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| 05/16/13 - Sure We'll Unwind, Don't Worry ...
'Dreaded' Unwinding Easier Said Than Done ... It ought to be the clearest sign yet that the crisis is over. The Wall Street Journal's Fed-Watcher-In-Chief Jon Hilsenrath has ... |
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| 05/15/13 - BoE's King Leaving, Upgrades Britain's Outlook
The BoE has upgraded its outlook for growth and expects a faster fall in inflation, Sir Mervyn King said, offering a pleasant "parting gift" in his final inflation report as ... |
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| 05/14/13 - Fracking, Just in Time to Help the US Economy?
Import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures ... The tame inflation ... |
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| 05/14/13 - Correct, Mayor Johnson, the Real Problem is Not the EU
Quitting the EU won't solve our problems, says Boris Johnson ... Britain's economic problems would not be solved by simply leaving the European Union, Boris Johnson warns. This ... |
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| 05/07/13 - The Greatest Lie the Fed Ever Told
Public life bumbles along under a combination of false pretenses and self-imposed delusions. At the start of last week, it was widely reported that US central bankers had gone ... |
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| 05/03/13 - Shock: Federal Reserve Official Calls for End of Fed, Competing Currencies
John Stossel: Speaks to Ex-Federal Reserve Employee – Fox Dominant Social Theme: The Fed knows best. Free-Market Analysis: This is a fairly shocking video in the sense ... |
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| 05/01/13 - Madness of a Stimulating Fed
Is the Federal Reserve Insane? ... Americans have been whipsawed by devastating cycles of boom and bust over the past three decades. Now some at the Fed want us to go through ... |
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| 04/25/13 - Monopoly Central Banking Is Weaker Than You Think
Everything you 'know' about the Fed is wrong ... 5 misconceptions about the effects of QE and monetary policy ... Few would still argue against the assertion that the Federal ... |
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| 04/24/13 - Again, Reuters Compares Central Bankers to Superheroes!
Banker steps into the role of superhero ... In other ages, we have called on shamans or saints in times of crisis when the usual remedies have not worked. In the stagnant world ... |
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| 04/22/13 - The Real Problem With the US Economy Is Not Enough Workers and a Sluggish Internet
Free exchange – Where did everyone go? ... Demography may explain the weakness of America's recovery ... The notion that America's potential growth has slipped is not ... |
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| 04/18/13 - Central Bank Superheroes in the Gears of the Machine
Insight: Central bankers cast as superheroes with no script ... Top central banks have slashed rates to zero, pumped in vast amounts of cash, helped orchestrate bailouts and ... |
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| 04/17/13 - 'No Doubt, Pensions Are Screwed'
In a SPIEGEL interview, Harvard economist Carmen Reinhart argues governments are incapable of reducing their debts and that central banks are now stepping up to resolve the ... |
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| 04/12/13 - Thatcher's Big Mistake
Margaret Thatcher made Britain a less, not more, desirable place to do business The ex-PM's greatest mistake was her failure to recognise that social cohesion is crucial to ... |
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| 04/10/13 - Is Japan's Devaluation an Attack on China?
Japan stimulus will start currency war, say Chinese economists ... Plan to buy bonds will open liquidity floodgates and spells doom for other nations, observers say ... The ... |
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| 04/05/13 - Greenbacker Proposals in Vogue: Build Bridges and Print, Print, Print
Helicopter QE will never be reversed ... Readers of the Daily Telegraph were right all along. Quantitative easing will never be reversed. It is not liquidity management as ... |
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| 04/04/13 - Does Being Gloomy Make You an Incompetent Prognosticator?
David Stockman and the cult of gloom ... We think of spring as a time of cherry blossoms and renewed hope, as we slough off the depths of winter and ease into the warmer ... |
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| 04/02/13 - Slate Wants to Drop Money From Helicopters. Not so Fast ...
Print Money. Mail Everybody a Check. Fight unemployment by giving money directly to American families ... America has grown desperate for smart ideas to revive a flagging ... |
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| 04/02/13 - Reaction to Flash Crash Article Exposes Roots of Real Crisis
Three days that saved the world financial system ... The BlackBerrys all started buzzing, just before dinner was to begin at the Palacio da Bacalhoa, a 15th-century estate ... |
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| 04/01/13 - The Great Cyprus Bank Robbery
The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot ... |
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| 03/30/13 - Central Banking Is Central Planning
A book review in the Wall Street Journal by associate professor of economics at San Jose State University Jeffrey Hummel entitled "The New Central Planning" tends to confirm ... |
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| 03/25/13 - And It's Not Over Yet
Traders cheer Cyprus deal ... The euro, stocks and crude oil are firmer after Cyprus reached a deal on a €10bn bailout. Money is moving out of supposed havens, pushing the ... |
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| 03/22/13 - Perhaps We Are All Cyprus Now
Forget Cyprus, Nobody Is Stealing from Depositors More than Bernanke ... After the Federal Reserve reaffirmed its easy money policy Wednesday, Chairman Ben Bernanke was asked ... |
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| 03/22/13 - Cyprus Lifts the Curtain
This week financial analysts, economists, politicians, and bank depositors from around the world were outraged that European leaders, more specifically the Germans, currently ... |
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| 03/20/13 - Central Banking Fail: The Message Sent May Not Be the One Received
The Power Behind Monetary Policy ... As I watched Cyprus' financial minister discuss the seizure of bank deposits in his country, I realized that this situation is a great ... |
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| 03/20/13 - An Evil Story?
Food stamps put Rhode Island town on monthly boom-and-bust cycle ... The economy of Woonsocket was about to stir to life. Delivery trucks were moving down river roads, and ... |
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| 03/15/13 - Shock: Chinese Leaders Contemplating Harsh Austerity Measures?
Why the Global Economy Is Still Stuck ... In the wake of the financial crisis, policies the world round remain focused on the wrong things, especially speculation ... The U.S. ... |
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| 03/14/13 - The Two Faces of Eve ... er, Credit Suisse
Credit Suisse urges investors to jump into stocks ... One month after turning cautious on global stock investing, the investment committee of Credit Suisse Group's U.S. private ... |
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| 03/13/13 - Is Dallas Fed Bank President Dick Fisher ... Ironic?
Dallas Fed's Fisher: Three Ways to Curb Too-Big-to-Fail Banks ... Despite honest efforts by the government since the financial crisis, too-big-to-fail banks haven't been reined ... |
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| 03/11/13 - The African Investment Meme Continues
Ghana ... Golden Opportunities Africa: Investing in the Cradle of Civilization ... This year could prove an interesting one for Africa's west coastal country, Ghana. ... |
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| 03/11/13 - Why Central Planning Fails
The Dow is still rising. It rose another 125 points yesterday [Marh 5] ... hitting a new record high. Gold is dawdling. We're still thinking about how so many smart people came ... |
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| 03/08/13 - Dancing Into the Abyss, Against All Reason
"Financial markets are not yet pricing in US over-indebtedness. If they did, the world would be heading towards a 'blood-red abyss'." ~ Professor Laurence J. Kotlikoff Over the ... |
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| 03/06/13 - Egyptian Austerity Seen as Inflation Goes Up Hard
Surging Egyptian inflation shows the bind that the country's central bank is in. The annual consumer price index rate climbed to 6.27% in January, from 4.66% in December, ... |
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| 03/05/13 - What the EU Bank Bonus Plan Really Accomplishes
Europe Union Agrees on Plan to Limit Bankers' Bonuses ... The move, part of a package of banking regulations known as Basel III that is aimed at reducing the danger of big bank ... |
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| 02/26/13 - Morning in America or Darkness at Noon?
Morning in America? U.S. economy poised to accelerate substantially by the end of the year, even if Washington goes forward with $85 billion in budget cuts scheduled to begin ... |
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| 02/22/13 - The Demise of Swiss Private Banking is Premature
Future of private bankers under the microscope ... With the demise of Wegelin and planned ownership changes at Pictet and Lombard Odier, the number of traditional, family-run ... |
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| 02/20/13 - China's Dollar Optimism Signifies Larger Economic Shift?
China loves the US dollar again as America roars back ... China's central bank has radically revised its view of US economic and strategic power, predicting that the dollar ... |
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| 02/20/13 - Movement on the Neo-Pecora Front: Senator Warren Rebukes Regulators
Senator Warren's rebuke of regulators goes viral ... Democratic Senator Elizabeth Warren's strong criticism of U.S. financial regulators last week has inspired a liberal ... |
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| 02/19/13 - The Pound Gets Pounded
As the global currency war intensifies, the majority of attention has been paid to the 17% fall of the Japanese yen against the US dollar over the past few months. The ... |
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| 02/18/13 - Pay Attention to the Upcoming Bond Bust, Not the So-Called Junk Boom
How a junk bond bubble is driving a buyout and merger boom ... The merger and buyout boom of 2013 is upon us! Some of America's biggest companies are coupling up faster than ... |
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| 02/14/13 - Bloomberg: The Ascent of Whatever-It-Takes Banking Is a Good Thing
As the world's advanced economies grow at half the speed of the pre-crisis years amid persistently high unemployment, governments are turning to a new set of monetary-policy ... |
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| 02/13/13 - Shock: Powerful British Money Man Calls for Central Bank Currency to Be Handed Out to 'the People'
A breakthrough speech on monetary policy ... Wednesday night may have marked the "emperor's new clothes" moment of the Great Recession, in which the world suddenly realizes its ... |
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| 02/06/13 - Investors Beware of Central Banks Bearing Austerity
IMF: Central banks must be responsible for financial stability ... Financial stability should become a core central banking objective alongside monetary policy, although ... |
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| 02/02/13 - The Biggest Loser
In Switzerland, it's not just the clocks that are cuckoo. Over the past four years Swiss politicians and central bankers have gone on an unprecedented buying spree of foreign ... |
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| 01/30/13 - Senators Demand that Banks Be Punished – but Not the Fed
Senators Call Out Attorney General For Treating Banks Like They Are "Too Big To Jail" Like many Americans, Senators Charles Grassley (Iowa) and Sherrod Brown (Ohio) think ... |
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| 01/29/13 - Shock: BIS Sees Global Asset Bubble
BIS warns banks to be vigilant on high asset prices ... A top international finance official is warning banks to be cautious about the prices of investments that have gone up ... |
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| 01/26/13 - Economics of Thuggery?
Bloomberg provides us with an article – "Contagion Thesis Once Derided Proven by Kristin Forbes" – profiling Ms. Forbes in a fulsome manner. She is obviously the ... |
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| 01/23/13 - German Gold Claw Back Causes Concern
Last week the Bundesbank (the German central bank) surprised markets around the world by announcing that it will repatriate a sizable portion of its gold bullion reserves held ... |
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| 01/22/13 - Should the Japanese Hurry Up and Die?
Japan should let elderly 'hurry up and die': finance minister Taro Aso ... Japan's finance minister Taro Aso said Monday the elderly should be allowed to "hurry up and die" ... |
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| 01/12/13 - The Trillion Dollar Coin Is a Great Idea!
SF Gate explained in a recent editorial that the "'trillion dollar coin' idea is worthless." But, of course, it's not. It's a great idea! I'll tell you why in a minute. The SF ... |
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| 01/12/13 - Coming Clean Beyond the Fiscal Cliff
"Information is the hardest currency." ~ Andrew Vachss Washington's negotiations to address the fiscal cliff of automatic tax increases and spending cuts legislatively ... |
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| 12/31/12 - How To Restore the West
By any political, cultural or economic measure the nations of the West are in total decline. The historic virtues of hard work, free-market thinking and a common cultural ... |
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| 12/18/12 - The Fiscal Cliff Is A Diversion: The Derivatives Tsunami and the Dollar Bubble
The "fiscal cliff" is another hoax designed to shift the attention of policymakers, the media, and the attentive public, if any, from huge problems to small ones. The fiscal ... |
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| 12/17/12 - The Bank For International Settlements: Beware a Crash
Equity and fixed income prices have reached unusually high levels that don't reflect the current weakening in the global economy, according to the Bank of International ... |
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| 12/14/12 - Now Reuters Opinion-Maker Endorses National Socialist Economics
It may take a few decades and a few more crises, but I believe that politicians and economists will eventually realise that to welcome greed throughout the financial system is ... |
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| 12/05/12 - Central Banks Hedge Their Bets
Gold appears to be headed for an impressive price appreciation for the second half of 2012. Since the beginning of July, gold is up almost 10 over the same time frame. What is ... |
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| 12/03/12 - Goldman Takes Over the World?
Goldman Sachs' Global Coup D'etat ... When the people of Greece saw their democratically elected Prime Minister George Papandreou forced out of office in November of 2011 and ... |
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| 11/23/12 - Doorsteps of a Currency Crisis
Economic Illiterates Debate Monetary Policy; Monetarist Mush Japan's grand experiment of decades-long QE coupled with Keynesian foolishness is about to take one last gigantic ... |
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| 11/22/12 - Is Bigger Banking Better?
Big banks are good for society, says George Osborne ... Big banks are good for Britain and must not be broken up, according to George Osborne, as he argued the country's ... |
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| 11/18/12 - Confronting the Fed, Alan Grayson Returns
Alan Grayson Returns To Congress ... Alan Grayson, Jewish Democrat, Rides Hispanic Support Back to Congress ... Thanks to overwhelming support from a growing Puerto Rican ... |
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| 11/15/12 - Lloyd Blankfein: Let's All Compromise to Support the Status Quo
Lloyd Blankfein: The Business Plan for American Revival ... There is a huge amount of investible cash that is now sitting on the sidelines, waiting for sensible reforms ... ... |
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| 11/08/12 - Report Raises Questions About Central Bank Gold Holdings
For years I have cautioned that changes in the ownership of gold held in the vaults of key central banks around the globe may not have been accurately reported. A report issued ... |
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| 11/05/12 - The Solution to Unemployment Is Less Monetary Stimulation Not More
Young jobless 'scar' starts to heal as more begin work ... "Not only is youth unemployment costing us billions now, but the damage done to the future employment and earnings ... |
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| 11/02/12 - Bank of England Reports Whitewash Central Bank Reality
BoE's 'hierarchical' culture attacked in reviews ... The "centralised and hierarchical" governance structure of the Bank of England is damaging its effectiveness, according to ... |
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| 11/02/12 - 'Deposit Wars' an Act of Desperation by Spanish Banks
Acts of Desperation Looking for the next major thing in Spain to blow sky high? I have a strong candidate in mind. Bank deposits are down 154 billion euros this year and banks ... |
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| 11/01/12 - Election 2012: When There's No 'There' There
This election, Obama is the wiser economic choice ... Even as our politicians disagree on a great deal, most experts can agree on the objectives of economic policy. The next ... |
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| 10/31/12 - Spain: Consequences of a Generalized Depression
Spanish unemployment hits new peak ... One in four Spanish workers are now without a job. Spain's unemployment rate hit a record high of 25% in the third quarter, as the ... |
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| 10/30/12 - Now Central Bankers Directly Boost Occupy Movement
Occupy protesters were right, says Bank of England official ... The anti-capitalist protesters who occupied St Paul's Cathedral were both morally and intellectually right, a ... |
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| 10/23/12 - Central Banking Premises Are Lacking?
How Would Mitt Romney Influence the Fed? ... Binyamin Applebaum discusses who Mitt Romney would likely tap to replace Ben Bernanke at the Federal Reserve and says we'd likely ... |
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| 10/17/12 - Inflation: Washington is Blind to Main Street's Biggest Concern
Journalists, politicians and economists all seem to agree that the biggest economic issue currently worrying voters is unemployment. It follows then that most believe that the ... |
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| 10/10/12 - Easings Aren't Easy
Paul Volcker: QE3 "Will Fail" ... Paul Volcker, the former Federal Reserve chairman credited with taming the inflationary threat of the 1970s, has warned that further ... |
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| 10/02/12 - Central Bank Narrative Grinds On via AP
Ben Bernanke makes strong defense of Federal Reserve's rate policies ... Chairman Ben Bernanke offered a wide-ranging defense of the Federal Reserve's aggressive policies to ... |
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| 09/26/12 - Fed Nostrums: Bernanke and Money Printing Have Got to Go
Corker Says QE3 Shows Bernanke Has 'Stayed Too Long' at Fed ... Bob Corker, a member of the Senate panel with Federal Reserve oversight authority, said the central bank's ... |
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| 09/24/12 - Ben Bernanke's Fed Transparency ... Transparent Ploy?
Under Ben Bernanke, a more open and forceful Federal Reserve ... In what might be his final years as chairman of the Federal Reserve, Ben S. Bernanke is transforming the U.S. ... |
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| 09/03/12 - Let Central Banking Lose Its Franchise, Not Its Independence
At Jackson Hole, a growing fear for Fed independence ... Increasing political encroachment on the Federal Reserve, particularly from the Republican Party, could threaten the ... |
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| 08/30/12 - More Distractions From Occupy Wall Street
Occupy Sets Wall Street Tie-Up As Protesters Face Burnout ... The September 17 protest, dubbed S17, may also include attempts to make citizens' arrests of bankers and traders ... |
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| 08/29/12 - Federal Reserve Emphasizes Transparency, as If It Matters ...
The Federal Reserve began releasing quarterly financial results on Monday, in an effort to increase transparency at a time many Republicans are demanding more accountability ... |
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| 08/24/12 - Fed to Deliver More Stimulus "Fairly Soon"
How Much Stimulus Does It Take? 'Sell the News' Event Coming Up Soon? Analysts poring over the July 31 - August 1, 2012 Fed Minutes quickly honed in on the following paragraph. ... |
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| 08/21/12 - What Jules Kroll Is Not Saying About Ratings Agencies
Time and again, the traditional agencies' analyses have lacked any foresight, even after the lessons of the subprime mortgage debacle. It's hard to trust companies that have ... |
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| 08/11/12 - Parting Company With Nigel Farage and Suggesting a New Role
"Only the living can kill the dead." – Abraham Lincoln: Vampire Hunter Nigel Farage has provided us with an eye-opening interview over at Eric King's "King News." He ... |
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| 08/07/12 - Fed Bankrupting Consumers While Enriching Wall Street as a Matter of Policy?
Majority of Wall Street dealers still expect Fed QE3 ... Despite improved hiring last month, most Wall Street economists still expect the Federal Reserve to do more to ... |
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| 08/05/12 - Ranting Andy on 'Gold as Money' and What to Do Now to Protect Yourself Before It's Too Late
The Daily Bell is pleased to present this exclusive interview with Andy Hoffman. Introduction: Andrew ("Andy") Hoffman, CFA joined Miles Franklin as marketing director in ... |
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| 08/03/12 - Austrian Business Cycle Analysis Explains the Misery of the World
Long-term unemployment: the next threat to the world economy ... As during the Great Depression, long-term unemployment will be an impediment to global economic recovery ... ... |
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| 07/30/12 - Modern Banks and Banking Are Terrible!
The Good Book tells us there's more joy in heaven over one sinner who repents than over 99 good folk who've never strayed from the path of virtue. That being the case, the ... |
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| 07/28/12 - Auditing the Fed Is a Sideshow: Who Audits the Auditors?
On Wednesday, Ron Paul's bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives. The vote was 327 to 98. You would think that a bill ... |
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| 07/27/12 - Half a Hit: Free Markets Need Competition Via Regulation
Britain Unleashed: Why Britain needs Adam Smith more than ever ... Free markets didn't cause our current economic crisis, but a perversion of their core principles did. It ... |
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| 07/22/12 - Axel Merk on Inflation, Currencies and the Likelihood of a Greater Depression
The Daily Bell is pleased to present this exclusive interview with Axel Merk. Introduction: Axel Merk, President & CIO of Merk Investments, LLC, is an expert on the global ... |
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| 07/19/12 - Brave Warriors, Bernanke and Ron Paul?
Ron Paul vs. Ben Bernanke: final battle ends on surprising note ... With Rep. Ron Paul retiring this year, his epic battles with Federal Reserve chairmen are coming to an end. ... |
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| 07/17/12 - Hey, We Told You So! ... Bank of England Head Demands Immediate and Far-Reaching Bank Reforms
Bank of England head says banks must change culture ... Sir Mervyn King: "Something went very wrong with the UK banking industry and we need to put it right." Bank of England ... |
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| 07/10/12 - Fractional Reserve Banking, Government and Moral Hazard
Last week my subcommittee held a hearing on fractional reserve banking and the moral hazard created by government (taxpayer) insured deposits. Fractional reserve banking is the ... |
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| 07/09/12 - Capitalism Is Swell Anyway ... Or Is It?
Capitalism is in crisis but it's still our best bet for prosperity ... The last couple of weeks have not been good for capitalism. The Libor scandal has come on top of yet more ... |
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| 07/06/12 - Global Uncoordinated Panic
Panic and more news ... In a 45-Minute Salvo Thursday, the ECB cuts rates to a record low 0.75 percent and reduced the deposit rate to zero. Meanwhile, the People's Bank of ... |
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| 07/04/12 - Poison of Neo-National Socialist Public Banking
WestLB is almost gone. The bank that embodied many of the problems of Germany's Landesbanken sector – combining excessive international ambition with repeated crises ... |
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| 07/02/12 - Financial Crime Must Be Punished!
Four In Five Want Bankers Prosecuted ... Four out of five people want individuals to be prosecuted when banks break the law, according to a new survey. Research by consumer ... |
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| 06/28/12 - The Most Important Meeting in the World ... Again
The Fate of the Global Financial System Hangs in the Balance ... Critical meetings are taking place today and tomorrow which may decide the fate of the EU. With that as the ... |
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| 06/26/12 - Could You Make It Up? ... World's Oldest Bank Gets Modern Bailout Worth Billions
Italy to put €2bn into world's oldest bank Banca Monte dei Paschi di Siena ... The Italian government said Tuesday it will provide struggling Banca Monte dei Paschi di ... |
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| 06/22/12 - How Central Banking Keeps People Helpless and Undermines 'Preppers'
All Over America Government Control Freaks Are Forcing Preppers Back On To The Grid ... In recent years there have been huge numbers of Americans that have sought to go "off ... |
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| 06/20/12 - BRICs to Create Own 'Currency'?
China's Central Bank Willing To Share $3 Trillion ... China's Central Bank has over $3 trillion in reserves. They might be willing to share it ... Brazil, Russia, India and ... |
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| 06/15/12 - Bank of England Proposes More Counterfeiting
Osborne unveils £140bn scheme to kick-start stagnant economy ... George Osborne unveiled a £140 billion emergency scheme to try to avoid a second credit crunch ... |
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| 06/06/12 - The False Boom of the Olympics
Third of London hotel rooms empty for Olympics as 'normal' tourists stay away ... London's hotels are facing a dramatic loss in profits with a third of rooms unsold over the ... |
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