"Something is rotten in the state of Denmark," is one of the most recognizable lines of all time.
News leaked last week that the Dutch coalition government is considering setting up a fund for investing in economic growth.
The topic of this year's Jackson Hole was, in not so many words, the fading power of central banks which for the past decade, had been the only game in town.
Over the past few decades, the central banks, including the Federal Reserve (Fed), have relied increasingly on interest rates to help modify economic growth.
Major US bank Wells Fargo has apparently been getting a lot of client inquiries about gold, and has responded pretty much as you'd expect:
India's $42 billion shadow-banking system has been cracking since the country's largest infrastructure lenders halted debt repayments in 2018.
There's a time and place for just about everything, and this is a time to be blunt: Anyone who takes a job for a central bank or any similar entity, building a cryptocurrency, quasi-cryptocurrency or kind-of-blockchain-thing, is a traitor.
- "The Wheels For A Slowdown Are In Motion"
The Currency Wars are heating up.
Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns.
It's bad enough that drought-like conditions and rapid population growth have stoked a shortage of water and other vital resources in Ghana, a country that boasts one of the fastest growing economies on Earth (if it is still poor). But a banking cris
Part way through delivering a press conference following the Federal Reserve's first rate cut since December 2008, chairman Jerome Powell let it be known that the central bank was 'looking carefully' at developing a new faster payments system.
But say they have plenty of cash to deal with demand.
The Fed's decision to lower rates has received disdain from two Fed officials: Eric Rosengren, president of the Federal Reserve Bank of Boston, and Esther George, president of the Federal Reserve Bank of Kansas City.
In reaction to the deteriorating global economic outlook and rising risks to the world economy, central banks around the world have unleashed a coordinated dovish effort to boost growth.
Chen Haotian asks citizens to withdraw cash deposits to target Chinese banks.
What is nothing? What comes to mind when you imagine nothing?
Overstock's tZERO security tokens now tradable by non-accredited investors
How the Fed Crashed the Tech and the Housing Markets Central Bankers appear to have learned little from recent history.
Step aside Baoshang Bank and Bank of Jinzhou, it's time for Chinese bank bailout #3.
Gold blasted through the $1500 level this week. Let's analyze the message. Here's a hint: The message isn't inflation.
There is just one way to describe the plunge in bond yields overnight and the events behind it: the global race to the currency bottom is rapidly accelerating in its final lap with a global deflationary Ice Age (take a bow Albert Edwards) waiting on
Gold blasted through the $1500 level today. Let's analyze the message. Here's a hint: The message isn't inflation.
Josh Sigurdson talks with WAM contributor Tim Picciott of The Liberty Advisor about the recent comments by Bank of America regarding the Federal Reserve's infinite feedback loop.
Despite a quarter that was marked by unrest in the streets of Hong Kong, HSBC reported relatively robust results on Monday (local time) that beat the Street's expectations. And in addition to announcing a share buyback of $1 billion (which is half
In case readers have been burried under a pile of negative yielding debt for the past 6 months, today is the long-awaited Fed decision day, where markets are fully pricing in what is expected to be the first rate cut since December 2008.
For years, European banks were leery of passing on the ECB's negative -0.40% deposit rate to their clients for fears of deposit flight and other unintended consequences, in the process being forced to "eat" the difference and impacting their interest
While the western world (and much of the eastern) has been preoccupied with predicting the consequences of Trump's accelerating global trade/tech war and whether the Fed will launch QE before or after it sends rates back to zero, Beijing has quietly
If one ever needed evidence that such a thing as bank karma exists, look no further than Deutsche Bank, which after manipulating and rigging every market it traded in, violating virtually every regulation and anti-money laundering rule in existence,
As expected, the ECB did not cut rates at today's rate cut, but in a move that was widely expected, the ECB did hint that rate cuts are coming, by adding the "or lower" language, when saying that "Governing Council expects the key ECB interest rates