Economics professor Joe Salerno explains the Italian mess.
“As several articles over the past few days have indicated (here, here,…”
Source: Italy on the Brink | Mises Wire
Archive for the ‘Central banks’ Category
The EPJ Research Room: An Open Letter to Donald Trump on Economic Policy
12
Jul
The best ideas money cannot buy.
Source: The EPJ Research Room: An Open Letter to Donald Trump on Economic Policy
Bernanke is one crazy dude…
12
Jul
…according to David Stockman
“Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper of monetary ruin. At least since 2002 he has be…”
Source: Bernanke’s Black Helicopters Of Money
Here comes inflation
11
Jul
Easy money is doing its thing…higher prices are here and may go higher.
“Inflation is creeping higher and will soon force the Federal Reserve to re-examine the wisdom of keeping short-term interest rates low, says economist Paul Ashworth, the winner of the Forecaster of the Month contest for June.”
Source: Inflationary pressures are already building, top forecaster says
Central bankers never learn
11
Jul
“The reason why anyone would buy negative-yielding debt is actually pretty simple: Because they have to.”
Source: Negative rates leading to ‘day of reckoning’ fear on Wall Street
Money, Money, Money
11
Jul
The money printers are on overdrive.
“When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to “secretly” meet with both the BOJ’s Haruhiko Kuroda and Japan PM Abe, we warned readers that “something big was coming.” Two trading days later, with the USDJPY higher by 200 pips and soaring after something big indeed came overnight from Japan: nothing less than the first “lite” instance of helicopter money.”
An economic and history lesson
10
Jul
Why a depression is the cure that ails America. Being prepared will help you ride out the inevitable.
“Artificial measures to stave off a downturn will only make it much worse.”
Source: America Needs a Good, Old-Fashioned Economic Depression
The economy is barely hanging on
09
Jul
David Stockman shows the economy is not as robust as the data suggest.
“The boys and girls on Wall Street are now riding their bikes with no hands and eyes wide shut. That’s the only way to explain Friday’s lunatic buying spree in response to another jobs report that proves exactly nothing about an allegedly resurgent economy.”
Source: Real Jobs Report: Tax Collections Data Suggest US Economy Barely Above Water
June Employment Soars By 287K
08
Jul
The boom phase of the business cycle is still intact. Will this helps Hillary in November?
“So much for that terrible May jobs report: one month after the BLS reported the worst jobs report since 2010, moments ago the BLS reported that in June jobs increased by a whopping 287K, the highest increase since the 295K reported in October 2015, despite a downward revision to last month’s 38K which is now up 11K.”
Source: June Employment Soars By 287K, Smashing Expectations, Highest Since October
The real global battle for power
07
Jul
Global poltlical and financial elites are up to no good.
“When elitist criminals start openly admitting to their schemes it means that they are ready to pull the plug on the current system. They simply don’t care anymore who knows their plans because they think that victory is inevitable.”
Source: Globalists Are Now Openly Demanding New World Order Centralization
Global bubblemania
06
Jul
David Stockman makes the case it’s 2007, all over again.
“Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and el…”
Source: Here We Go Again——August 2007 Redux
US 10-year Treasury yield falls to record low
05
Jul
This is not a sign of a healthy economy as money flows into “safe” government bonds. Gold is popping again this morning. With all the new money central banks have created since the Great Recession of 2007-2009, the financial system has had to absorb trillions of dollars of additional cash, which propelled asset prices highers for the past seven years. In other words, we are in another bubble.
“U.S. sovereign bond prices were higher Tuesday, after being closed Monday for the July 4 holiday, resuming a strong “safe-haven” bid.”
Source: US 10-year Treasury yield falls to record low