Posts tagged with: Central banks

Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for money that must be accommodated. Failing to do so, it is maintained, will lead to a decline in...
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The U.S. dollar would probably come under further pressure if the Federal Reserve adopts targets for U.S. Treasury yields that would limit their rise and ensure that interest rates remain near zero for some time....
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It appears the Fed Chairman Powell has a problem understanding how Main Street works and is more interested in shoring up those in the financial sector. His statements point to him having little interest at this time in forcing some...
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Group of Seven central banks made net asset purchases of $2.5 trillion in March and April together....
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Jeff Booth, author of “The Price of Tomorrow,” makes the case that secular deflationary trends will be the ultimate undoing of monetary policy and technology is driving this deflation at an increasing rate....
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Central banks continued their gold-buying spree in February, although the pace of gold purchases has slowed compared to last year’s near-record purchases....
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Country after country has reported extremely dark economic numbers. The gigantic jobless claims, 6.6 million from the U.S. last week, are just the tip of the iceberg. For example, the service sector PMIs have been simply ghastly across the globe. We are now in...
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When Mario Draghi’s tenure was approaching its end, I argued for a sterner governor for the European Central Bank (ECB); hence, I was not even slightly enthusiastic when Draghi’s successor turned out to be Christine Lagarde—a patent dove, as can be inferred from her ideological...
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In the classic Giuseppe Verdi opera, La Traviata, a dying Violetta suddenly proclaims to the world that her pain and discomfort have left her body. The euphoria is magnificent, but the anguish returns within moments, and she dies....
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Gold buying by the worlds’ central banks is now at a 50 year high, with sovereign gold buyers having added a net 650 tonnes of physical gold to their strategic monetary reserves in each of the years 2018 and 2019....
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