“We’re in a world where they seem to work,” Fischer said, noting that while negative rates are “difficult to deal with” for savers, they typically “go along with quite decent equity prices.”
The question now is… who’s next? This is the beginning of the greatest & most global real estate bust in all of modern history.
A few months ago, the largest public and private pension funds announced
that they were so underfunded that they would have to begin cutting
benefits, or in the case of Central State Pension Fund, even cut payments
to retirees altogether. But this now appears to be just the start of a
worldwide pension collapse thanks mostly to the actions of global central
banks in their decisions to pick a few winners to the detriment of everyone
else.
Hit by the sharp decline in oil prices the Canadian economy is struggling with a property market approaching the peak of a massive bubble, according to ex-Lehman Brothers trader and a financial writer Jared Dillian.
This story points out that because the money isn't real, the currency in the European Union is being devalued at a rate of about $90 billion a month in Europe, if I'm reading this story right. They're flooding the market with euros. They're printing money and giving it to corporations under the guise of investing in them.
“It’s all the government’s fault…” -- Mike MaloneyThe situation in Venezuela is getting worse every day. Join Mike as he explains why this path to chaos was predictable and expected.
THE BIS CONTINUES TO USE GOLDS SWAPS WHICH INDICATES HUGE TIGHTNESS IN THE GOLD MARKET...
The value of silver will surge much higher relative to gold in the future. This is due to several factors:
In a scenario where there’s a total loss in confidence, central banks likely have to go back to a gold standard.
We all know how this story ends and those sure look like gold bars to me
Author James G. Rickards joins the Power & Market Report - How did James come to his conclusion on gold?
While the world has been focused on the Federal Reserve, the markets, and the upcoming election, few have noticed the expansion of the deficit in recent months
The lessons of history are very, very, very clear. Pick any year in history, whatever we think is true, that year, 1900, 15 years later, it's a whole entirely different world.
Central bankers these days are seriously trapped. They cannot now reverse their policies for that means they have to admit that they have failed. This is why
People throw around the term the “Fed” without thought on what the Federal Reserve is and is not. Jim Rickards gives an inside scoop...
Central bankers in charge of the vast bulk of the world's economy delved deep into the weeds of money markets and interest rates over a three-day conference here, and emerged with a common plea to their colleagues in the rest of government: please
Harvard professor and former IMF chief economist Kenneth S. Rogoff argues in a Review section essay in the Wall Street Journal weekend edition that the U.S. should become a far more cashless society and, in fact, should move toward a phase-out of large notes.
Continuing to rely on the Fed’s flawed model to determine policy would be foolish.
Economic reforms byEuropean governments have so far been "half-baked andhalf-hearted," and not helped authorities reach their inflationgoals, European Central Bank executive board member BenoitCoeure said on Saturday.
The Bank of Japan's governor acknowledge the struggle to "anchor" inflation expectation at the central bank's 2 percent target.