David Stockman: The Apotheosis Of Bubble Finance
The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…
Mission Creep – How the Fed will justify maintaining its excessive balance sheet
FOMC have changed their normalizing strategy several times and we now see the contours of yet another shift. The Federal Reserve was supposed to…
How Long Will It Take for the ECB to Own All Sovereign Debt of Spain, Germany, France?
By Mike “Mish” Shedlock Source: https://mishtalk.com/2016/08/25/how-long-will-it-take-for-the-ecb-to-own-all-sovereign-debt-of-spain-germany-france/ Huky Guru on Guru’s Blog posted a chart that answers the question: How Long Will it Take For the…
QE is Simply Reactionary
The Bank of England has recently announced a new round of quantitative easing alongside an interest rates cut, pushing £100 billion into banks, with…
Benn Steil: Portugal Gaining on Italy in the Banking ‘Doom Loop’
Italian banks have taken a pounding of late from the ECB, the markets, and the media. They currently hold a whopping €360 billion in…
The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America
By David Stockman During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200…
The FOMC Butterfly that Will Ruin the World
From Bawerk.net Source: http://bawerk.net/2016/07/29/the-fomc-butterfly-that-will-ruin-the-world/ Imagine the financial crisis knocked you out and you did not wake up from the coma that followed until this day. Then,…
The Central Planning Virus Mutates
By Pater Tenebrarum Chopper Pilot Descends on Nippon Readers are probably aware of recent events in Japan, the global laboratory for interventionist experiments. The theories…
Valuation Fallacies
By Jeffrey P. Snider Everyone knows about lies, damned lies, and statistics. The quote has been attached to Mark Twain who apparently attributed to…
David Stockman: Crisis Is Us – The Inexorable Result Of Modern Central Banking
The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a…