Low yield, no yield, negative yield – Buy now but don’t forget to sell
byThe amount of negative yielding fixed securities has hit a new record The Federal Reserve and the ECB are expected to resume easing…
Quantitative Easing
Max debates with Director of IMF Europe on Monetary System
byToday Cobden Centre manager Max Rangeley will give a speech and then have a debate with the Director of IMF Europe at the first…
Merry Christmas from TCC: Treasury Select Committee to examine low interest rates
byNext year there will be a parliamentary enquiry into the effects of ultra low interest rates and other mechanisms of radical monetary policy. It…
Benn Steil: Why is Paul Krugman Still Calling for Fiscal Stimulus?
byNobel economist and New York Times columnist Paul Krugman is fond of mocking his critics for being ideologues rather than economists. In contrast, Krugman’s…
Advice to the Prime Minister/President
byYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice…
Interview with Lord Turner on Monetary Reform
byLord Turner has been a Senior Fellow at the Institute for New Economic Thinking since 2013, and in 2015 became Chairman of the Institute’s…
David Stockman: Professor Bernanke’s Bogus Contra-factual
bySource: http://davidstockmanscontracorner.com/professor-bernankes-bogus-contra-factual-part-1-the-myth-of-great-depression-2-0/ It took no “courage” whatsoever to inflate the Fed’s balance sheet from $900 billion to $2.3 trillion during just 17 weeks in September-December 2008. What…
Zero Hedge: After 6 Years Of QE, And A $4.5 Trillion Balance Sheet, St. Louis Fed Admits QE Was A Mistake
bySource: http://www.zerohedge.com/news/2015-08-19/after-6-years-qe-and-45-trillion-balance-sheet-st-louis-fed-admits-qe-was-mistake As you’re no doubt aware, the Fed is fond of using the research departments at its various branches to validate policy and…
It Is NOT Priced-In, Stupid!
by[This piece, by David Stockman, was originally published here http://davidstockmanscontracorner.com/it-is-not-priced-in-stupid/] Among all the mindless blather served up by the talking heads of bubblevision is the…
Goodbye to all that
by“Funny how bonds were labelled “certificates of confiscation” back in the early 1980’s when yields were 14%. What should we call them now ?”…