Normally, this would be ironic: The Fed doesn’t need to borrow; it creates money when it needs some. So it wouldn’t pay interest. But these are not normal times.… Read More At Taxpayers’ Expense, Fed Paid Banks $38.5 Billion in Interest on “Reserves” in 2018. Here’s How
Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule?… Read More Italy’s Populist Government Eats Words, Joins Bank Bailout Club
This is embarrassing in the land of super-stimulus via the ECB’s negative-interest-rate policy and years of QE… Read More Germany Heads for a Technical Recession
Ashoka Mody on the arrogant delusion of the architects of the EU… Read More The Euro: A Mindless Idea
Here’s the evidence… Read More It’s Time to Hear the Ugly Truth: Central Banks Are Propping Up the Market
Be prepared for the appearance of negative feedback cycles in markets as global monetary stimulus is withdrawn… Read More Five Doom Loops to Navigate in 2019
Inventive policymaking has only made the problem worse, guaranteeing that any eventual restructuring will be all the more painful.… Read More The World Will Pay For Not Dealing With Debt
Bottom fishers were taken out the back and shot… Read More Deutsche Bank Death Spiral Hits Historic Low. European Banks Follow
Investors need to focus on their response to financial stresses in an era in which policymakers will be constrained… Read More The Bubble’s Losing Air. Get Ready for a Crisis
Every Bubble Is In Search Of A Pin… Read More Every Bubble Is In Search Of A Pin
But will the big banks play along?… Read More Instant and Almost Free: ECB Just Launched “Better Than Blockchain” Instant Payments System
“Who will purchase the €275 billion of government debt Italy is to issue in 2019?”… Read More QE Created Dangerous Financial Dependence, Italy Hooked, Withdrawal Next, ECB Warns
