Posts Tagged ‘central’

  • One Example of How a Good and Simple Tax Should Work

    21.11.2017 • IndiaComments Off on One Example of How a Good and Simple Tax Should Work

    India's Tax System Needs an Immediate Reform

  • Inflation Won’t Save the U.K. from Government Debt

    15.11.2017 • United KingdomComments Off on Inflation Won’t Save the U.K. from Government Debt

    Historically, debt could be inflated away into meaningless denominations. But these days, governments often borrow using inflation protected bonds. More than a third of UK government gilts are inflation indexed. So as inflation rises, the interest expense

  • Young Home-Buyers in for a Nasty Surprise

    06.11.2017 • United KingdomComments Off on Young Home-Buyers in for a Nasty Surprise

    Thousands of mortgage holders will see their mortgage bill rise for the first time. By around £22 a month according to the Guardian. That’s based on an average British mortgage of around £175,000. And it’s an 11% increase on the average rate of 2.25%

  • The Next Bubble Will Start with Uncle Sam

    02.11.2017 • United KingdomComments Off on The Next Bubble Will Start with Uncle Sam

    Government debt is enormous. And it’s managed a 35-year bull market. With yields at or near zero in both real and nominal terms, it has reached its logical end just about everywhere in the developed world. If the government debt bubble bursts, it’ll be a

  • The World’s Major Economies Have Been Padding the Markets

    01.11.2017 • United StatesComments Off on The World’s Major Economies Have Been Padding the Markets

    The coast is clear for a blow-out spree of money printing, borrowing, spending, and debt. The world’s major economies are ready – with Shinzō Abe re-elected in Japan… Europe still under the spell of Mario Draghi… Donald Trump ready to do the Deep

  • Why Politics Are the Biggest Threat to Economic Stability

    01.11.2017 • United KingdomComments Off on Why Politics Are the Biggest Threat to Economic Stability

    If central bankers manage to engineer the inflation they want, but financial markets are still addicted to quantitative easing (QE) and low interest rates, what will central bankers do?

  • The Past Will Help You Predict Your Portfolio’s Future Success

    30.10.2017 • United KingdomComments Off on The Past Will Help You Predict Your Portfolio’s Future Success

    As the world continues to turn, Billy Joel’s fire continues to burn. If you can figure out what’s going to happen in advance, using patterns like Akhil Patel or whatever it is I do, then you have an edge. A way to invest to become wealthier, safer and

  • Kobe Steel Bailout Poisons Capitalism

    23.10.2017 • United KingdomComments Off on Kobe Steel Bailout Poisons Capitalism

    Nick Hubble – Capital and Conflict (United Kingdom) – Last week, the German and American stockmarket indices hit symbolic highs. Today, Japan is expected to break a 56-year record. Futures, a de-facto prediction of stockmarket performance before

  • How Germany Will Break the Eurozone

    17.10.2017 • United KingdomComments Off on How Germany Will Break the Eurozone

    Nick Hubble – Capital and Conflict (United Kingdom) – Amazing what a bit of monetary policy can do to Germans. Their stockmarket index geknackt 13,000, as they say in Germany. It’s the same verb used when you’re gleefully cracking nuts at

  • How This Bull Market Ends

    17.10.2017 • United StatesComments Off on How This Bull Market Ends

    Bill Bonner – Bill Bonner’s Diary (United States) – PARIS – Whoa! Bitcoin is up $1,457 since the start of the month; at writing, one bitcoin sells for $5,670. Look at the Dow. It is on its way to 23,000. And don’t even mention the tech

  • Inflation, Government Solvency, Unemployment or Financial Stability?

    12.10.2017 • United KingdomComments Off on Inflation, Government Solvency, Unemployment or Financial Stability?

    Bank of England Governor Carney is prioritising inflation. But tackling inflation sacrifices economic growth. At least debt-financed economic growth. People have borrowed like mad during the decade of absurdly low interest rates. They’d be in trouble if

  • The Fed Just Admitted to Lying About Inflation

    27.09.2017 • FranceComments Off on The Fed Just Admitted to Lying About Inflation

    The Fed admits that it does not understand anything, that its statistics are cumbersome and that it does not know what causes inflation, but the market does not care!

  • Central Bankers Are Running Out of Space

    14.09.2017 • United KingdomComments Off on Central Bankers Are Running Out of Space

    Their ammunition in the war on deflation is buying stuff. But there isn’t much stuff left to buy. At least not without reaching the limits of common sense, the law, economic law and credibility.

  • Two Competitors Are Vying For the Global Currency Throne

    13.09.2017 • FranceComments Off on Two Competitors Are Vying For the Global Currency Throne

    Nowadays, central bank-controlled fiat currencies have two main competitors: gold and cryptocurrencies, like Bitcoin. These are two assets that can not be infinitely multiplied. How are central banks reacting?

  • All Investors Should Be on Their Toes This Month

    06.09.2017 • United KingdomComments Off on All Investors Should Be on Their Toes This Month

    It's September so that means central bankers are meeting to discuss rate changes. We should see rate hikes based on market conditions... but it's not likely. No central banker wants to be the first to rock the boat.

  • Don’t Bet on This Market

    06.09.2017 • United KingdomComments Off on Don’t Bet on This Market

    In 1992, while the pound was tumbling, the Swedish central bank raised interest rates to 500% to prevent facing the same fate. Imagine running that number through your investment models today.

  • Royal Mail Relegated from the FTSE 100

    31.08.2017 • United KingdomComments Off on Royal Mail Relegated from the FTSE 100

    It’s a sign of the times. The Royal Mail blamed its slump on Brexit. Right, people aren't mailing as much because they don't trust the markets... surely it couldn't be related to the internet and email.

  • Goldman Sachs’ Secret Global Conquest

    30.08.2017 • United KingdomComments Off on Goldman Sachs’ Secret Global Conquest

    Bank of England governor, Mark Carney, and ECB head, Mario Draghi are Goldman Sachs alumni... and so are four out of the five District Bank presidents eligible to vote on the FOMC. Yellen's likely replacement? You guessed it...

  • $10.4 Billion Bank Run in Moscow

    29.08.2017 • FranceComments Off on $10.4 Billion Bank Run in Moscow

    Otkritie Bank, Russia's largest private lender, saw over 20% of its assets withdrawn over the past two months. While depositors flee, the Kremlin must be considering a bailout (which the FT estimates will cost over 1% of Russian GDP).

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    You Can Expect “Coordinated Silence” from Jackson Hole

    29.08.2017 • United KingdomComments Off on You Can Expect “Coordinated Silence” from Jackson Hole

    Perhaps central bankers are sick of having their projections proven wrong and their predicted policy moves discredited at every turn. By shutting up, they look less stupid.

  • New Crisis Simmers as Central Banks Head to the Resorts

    28.08.2017 • FranceComments Off on New Crisis Simmers as Central Banks Head to the Resorts

    When central bankers are popping champagne and slapping each other on the back, you know it's time to leave the party.

  • Debt Withdrawal Will Cause Side-Effects in Your Euro Portfolio

    25.08.2017 • FranceComments Off on Debt Withdrawal Will Cause Side-Effects in Your Euro Portfolio

    Central bankers are expected to announce the end of the €60 billion per month bond redemption program, a move likely to produce violent side effects...

  • The Most Reliable Investment Is Right Below Your Feet

    23.08.2017 • United KingdomComments Off on The Most Reliable Investment Is Right Below Your Feet

    Historically, his investment style's track record is hard to argue with, but it's the 'why' that's so fascinating. So, why does this investor's way of thinking work so well?

  • Housing Bubbles Reaching Critical Levels in Canada, Australia, and Hong Kong

    22.08.2017 • United KingdomComments Off on Housing Bubbles Reaching Critical Levels in Canada, Australia, and Hong Kong

    China’s epic government stimulus saved commodity nations and Hong Kong. It triggered huge debt growth inside China that financed construction with a ravenous appetite for commodities. But now the Chinese policy has changed to reign in the shadow banking