Myrmikan's May letter discussed how the Fed had already begun to ease financial conditions, though the method was so subtle that few understood what the central bank was doing.
Central Bank Issues Stunning Warning: "If The Entire System Collapses, Gold Will Be Needed To Start Over"
Having cracked down on Deutsche Bank in the past, The Fed appears to be playing good-regulator/bad-regulator as The FT reports that Deutsche is expected to benefit most from an imminent change in The Fed's liquidity rules.
As the violence in Hong Kong escalates with every passing week, culminating on Friday with what was effectively the passage of martial law when the local government banned the wearing of masks at public assemblies,
The Punjab Maharashtra Co-operative Bank (PMC), in India, has been caught cooking the books and misreporting non-preforming loans (NPL) of Mumbai-based real estate developer Housing Development and Infrastructure Ltd (HDIL).
Schiff Promptly Subpoenaed...A trove of insider Deutsche Bank documents was subpoenaed by House Intelligence Committee Chairman Adam Schiff (D-CA) after a bizarre series of events involving Moby.
The Federal Reserve is once again secretly shelling out trillions of dollars in the dark, while Congress willingly looks the other way. In other words, the central bank has initiated a replay of the 2007-2010 financial crisis.
One of the biggest hawks on the ECB executive board and governing counsel, Germany Sabine Lautenschlaeger, unexpectedly announced her resignation from the European Central Bank Executive Board more than two years before the official end of her term.
Five years ago in the pages of this very column I examined "The Ratings Game: Rating agencies as weapons of economic warfare."
Imagine approaching a friend that you think is very wealthy and asking her to borrow ten thousand dollars for just one night.
Five years ago in the pages of this very column I examined "The Ratings Game: Rating agencies as weapons of economic warfare." In that article I explained how the major credit ratings agencies--Standard & Poor's (S&P), Moody's, and Fitch Rat
Markets keep flirting with new highs following the recent rate cuts by the ECB and the Fed and keep rallying on trade optimism in the face of disappointing global economic data.
Economists are already predicting "the world's lowest growth in a decade", but it is beginning to look like what we will be facing will be much worse than that.
The Common Sense Show is dedicated to peaceful, non-violent social and political change.
Over the past few days there has been much confusion over the repocalpyse that shook the overnight funding market, and just as much confusion over the definition of reserves which some banks were unwilling to part with, other banks were desperate for
A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook's long-awaited Libra coin pose risks to public policy priorities.
For years, European banks were leery of passing on the ECB's negative 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 income
Who would have thought that JPMorgan's precious metals trading desk is the functional equivalent of the mafia, and that its one-time leader, Blythe Masters, was the mafia's don?
Last year I asked whether Turkey would be "City Zero in Global Contagion." That question was based on the crisis unfolding in the Turkish lira which materially threatened a number of major European banks, especially those in Italy.
When the next bubble bursts - and it will - be sure to take a look back at this article. It might help explain some things.
If it was Powell's intention to have the S&P trade at an all time when he cuts rates by another 25bps next Wednesday, he achieved it.
When it comes to Mario Draghi's relationship with Germany's notoriously fiscally (and monetarily) conservative public, it tends to be a love-hate affair. Actually, scrap the love part.
A week after the death of Robert Mugabe, and just a few months after the re-introduction of the ZimDollar, Zimbabwe faces another hyperinflation scare as inflation soars and the central bank hikes rates drastically to stall the currency's collapse.
Blain's morning porridge, submitted by Bill Blain of Shard Capital "It is not enough to serve our enemies with legal papers…"
You're seeing it pretty much throughout the world. It's only a matter of time before it's more in the United States," Alan Greenspan says. There is currently more than $16 trillion in negative yielding debt around the world as central banks
BofA's periodic report on "The Biggest Pictures", published by Chief Investment Stategist Michael Hartnett, is always a treat, if for no other reason than the remarkable context it provides on some more contemporaneous themes such as rates, markets a
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.
Since 2009, China Has Created $21 Trillion Of New Money, More Than Double The US
Fitch Ratings suggests in a new report that declining interest rates won't be enough to spark a rebound in housing market activity for 2H19, with affordability concerns and a lack of supply remaining as a significant constraint.
The reason for persistent strength in the price of gold can be found in the changing relationship between time preference for monetary gold, and a new round of interest rate suppression for the dollar.