Borrowed time
by“Remainers who wish to reverse the vote should go live in a banana republic, where reversing undesired vote outcomes is de rigueur.” Tweet from…
Central Banking
Government Monopoly Money vs. Personal Choice in Currency
byFor more than two hundred years, practically all of even the most free market advocates have assumed that money and banking were different from…
The Fed Rate Hike and Gold
byThe Fed Rate Hike and Gold, Report 18 June, 2017 The big news this week comes from the Fed, which announced two things….
BIS 87th Annual Report, 2016/17
byThe BIS 87th Annual Report, 2016/17 was just released. As we might expect, it implicitly provides some criticism of monetary policy over the previous years….
by Jeffrey P. Snider: Wealth Paradox Not Effect
byby Jeffrey P. Snider US Household Net Worth rose to a record $94.8 trillion in Q1 2017. According to the Federal Reserve’s Financial Accounts…
Central Bank balance sheet adjustment – a path to enlightenment?
byCentral Bank balance sheet adjustment – a path to enlightenment? The balance sheets of the big four Central Banks reached $18.4bln last month The…
ECOFLASH: Economy may force the Fed to reverse its interest rate stance
byThe Fed hiked interest rates for the second time this year, in a widely expected move on Wednesday June 14. The Federal Reserve’s Open Market…
The NAIRU (Non-Accelerating Inflation Rate of Unemployment) with Multiple Monies
byThe Nonaccelerating Inflation Rate of Unemployment (NAIRU) is the lowest rate of unemployment at which the inflation rate will not increase because, if it…
Zero Hedge: The ECB Has Almost Run Out Of German Bonds To Buy
bySource: http://www.zerohedge.com/news/2017-06-06/ecb-has-almost-run-out-eligible-german-bonds-buy One month ago, when looking at the sudden change in ECB bond purchasing patterns, especially of German Bunds, we reported that the central…
How Long Can the Fed Keep the Boom Going?
byThe US bond market trades at a quite high valuation. For instance, the 10-year US Treasury bond presents a price earnings (PE) ratio of…