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Central Banks

Why We Don't Need a Gold Standard; There Is a Better Alternative

Sol Palha | Posted 05.27.2016 | Business
Sol Palha

The first reaction from the hard money camp would be to state we are insane or that we longer value hard money.

Are Central Banks Robbing You While the MSM Covers It Up?

Phil Davis | Posted 05.11.2016 | Business
Phil Davis

Up 1.25% is very impressive. Unless, of course, you look at the volume, which is what we usually get on a holiday. This is why, for the most pa...

1.27 Trillion Tuesday - China's Bad Loans Jump 51% in 12 Months

Phil Davis | Posted 02.16.2016 | Business
Phil Davis

"Cause baby, now we've got bad loansYou know it used to be mad loans So take a look what you've doneCause baby, now we've got bad loans, hey!" B...

A Quick Central Bank Primer for Volatile Financial Markets

Mohamed A. El-Erian | Posted 02.15.2016 | Business
Mohamed A. El-Erian

With so much financial market volatility this year, we should look at the extent to which central banks have been the primary policymaker in many countries; and points to what they can and cannot do going forward.

Thrill-Ride Thursday - Markets Collapse as Sweden goes Negative

Phil Davis | Posted 02.11.2016 | Business
Phil Davis

Really, Sweden? Well, it's just an excuse to sell off on a 30-year auction day (happens almost every one) because it panics people into TBills a...

The Only Game in Town

Mohamed A. El-Erian | Posted 01.27.2016 | Business
Mohamed A. El-Erian

The global financial crisis that shook virtually every country, government, and household in the world in 2008-09 gave way to a frustrating "new normal" of low growth, rising inequality, political dysfunction, and, in some cases, social tensions. Now this new normal is getting increasingly exhausted.

Whither Emerging Markets Foreign Exchange Reserves

Otaviano Canuto | Posted 12.15.2015 | World
Otaviano Canuto

7640413 After a exponential rise in foreign exchange reserves accumulation by emerging markets from 2000 onwards, the tide seems to have turned south since mid-2014.

Global Economy Increasingly Vulnerable To Another Financial Shock

Sheldon Filger | Posted 10.03.2015 | Business
Sheldon Filger

Seven years after the outbreak of the global financial crisis, there are growing indications that the temporary solutions that were imposed through monetary policy by central banks are becoming ineffective. In all likelihood, a new global downturn in economic growth is in the cards.

Activists Need to Embrace Crypto Currencies to Leverage Their Success

Max Keiser | Posted 05.10.2016 | Business
Max Keiser

Activists can improve their alternative media success by embracing alternative currencies like Bitcoin. I live in Britain where I've just witnessed an entire generation of activists get their clock's cleaned by a Conservative sweep in the May 7th Parliamentary elections.

ECB Paddles Both Ways in the Rubicon

Stephen G. Cecchetti | Posted 04.11.2015 | Business
Stephen G. Cecchetti

On January 22, the ECB crossed the Rubicon twice -- but in opposite directions. In an effort to combat deflation and years of anemic growth, the central bank announced a sustained program of large-scale asset purchases.

Swexit: How Switzerlands' Prudent Economic Policies Got It Into Trouble

OpedSpace | Posted 03.30.2015 | Business
OpedSpace

On January 15, the Swiss National Bank (SNB) shocked international markets by abandoning the 3-year-old exchange rate floor of 1.20 Swiss Franc (CHF) per Euro (EUR). Put simply, this means that the SNB stopped spending billions of Swiss Francs to buy euro-denominated bonds.

Swiss National Bank: Well Played!

Janet Tavakoli | Posted 03.18.2015 | Business
Janet Tavakoli

The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade. Some forex trading firms will go under. Foreign exchange trading desks within banks are, of course, part of ongoing unwilling taxpayer largesse.

Buying Up the Planet: Central Banks on a Corporate Buying Spree

Ellen Brown | Posted 08.24.2014 | Business
Ellen Brown

Whatever power plays are going on behind the scenes, it is increasingly clear that they are not serving we-the-people.

Comedic Farce at the Bank of Israel

Sheldon Filger | Posted 10.09.2013 | Business
Sheldon Filger

In a few short weeks, Israel's Prime Minister, Benjamin Netanyahu, and his Finance Minster in his coalition government, Yair Lapid, have succeeded in doing what once seemed impossible; transforming his nation's central bank's once stellar reputation into a comedic farce.

Democrats Want Yellen

The Huffington Post | Ashley Alman | Posted 07.26.2013 | Politics

A group of Democratic senators have reportedly signed a letter encouraging President Barack Obama to appoint Federal Reserve Board of Governors Vice C...

Have Central Banks Gone Too Far? A Warning From the Bank for International Settlements

Sheldon Filger | Posted 08.26.2013 | Business
Sheldon Filger

A characteristic of the global financial and economic crisis that erupted in 2008 is that central banks have usurped the role of policy maker in sover...

What You Should Know About the Cyprus Controversy

Mohamed A. El-Erian | Posted 05.17.2013 | World
Mohamed A. El-Erian

On Saturday, European officials stunned Cypriots (and many others) by announcing a rescue package for their country that involves a levy on all bank deposits. The news is spreading far and wide, causing quite a bit of controversy in the process.

A Famous Victory

Robert Zevin | Posted 03.24.2013 | Business
Robert Zevin

The curtain has come down after Act I of the Fiscal Cliff. Some critics have proclaimed it a victory for the president over his Republican enemies. If it was a victory, it was an expensive one.

Zombie Economics Explains Inflation/Deflation Split

Max Keiser | Posted 01.06.2013 | Business
Max Keiser

A deflationist zombie (Bernanke or Krugman for example) never notices price rises because their cost of borrowing easy credit is near-zero. When price...

The Secret Rulers Of The World

The Huffington Post | Mark Gongloff | Posted 12.12.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

Central Banks Can't Inflate Market Prices Forever

Mohamed A. El-Erian | Posted 12.12.2012 | Business
Mohamed A. El-Erian

Central banks should be respected. And they can certainly counter air pockets, but not forever. Either fundamentals will improve or asset prices will fall. Which outcome we eventually see depends in large part on whether other government entities finally step up to their policy responsibilities.

Global Economy: Some Bad News and Some Hope

Olivier Blanchard | Posted 12.09.2012 | Business
Olivier Blanchard

The world economic recovery continues, but it has weakened further. In advanced countries, growth is now too low to make a substantial dent in unemployment. And in major emerging countries, growth that had been strong earlier has also decreased.

Central Banks Have Made Their Moves -- What's Next?

Jay Pelosky | Posted 11.27.2012 | Business
Jay Pelosky

Is it possible that policy makers and investors have already enjoyed all the good news and rising prices they are going to get from recent Central Bank action?

The Futile Search for Signs of Doubt Among Central Bankers

Bevis Longstreth | Posted 11.20.2012 | Business
Bevis Longstreth

The Fed has a tiger by the tail with its program. It is creating a giant bubble in capital asset prices, especially in our stock markets. To let the tiger go is to be eaten.

Citigroup Puts The Fun Back In Taking Huge Losses

Bloomberg View | Jonathan Weil | Posted 09.14.2012 | Business

Bloomberg View A few months ago, the Bank for International Settlements, which acts as a bank for the world’s central banks, warned in its annual...