Central banks buying stocks are effectively nationalizing US corporations just to maintain the illusion that their “recovery” plan is working because they have become the banks that are too big to fail. At first, their novel entry into the stock market was only intended to rescue imperiled corporations, such as General Motors during the first plunge into the Great Recession, but recently their efforts have shifted to propping up the entire stock...
Read More »
Tag Archive: Fisher
Fed FOMC: Who is Hawk, Who is Dove? 2015 Update
Composition of the Fed's Federal Open Market Committee (FOMC composition), needed to know if the Fed is opting for quantitative easing or not.
Read More »
Read More »
Brad DeLong on Jackson Hole and Quantitative Easing
Berkeley Professor Brad DeLong has delivered a nice allegorical entry in his type pad on a quick Quantitative Easing. Letting speak old greek mythological figures he hides his personal opinion. A half now completely written platonic dialogue on what the Federal Reserve is Doing — or not Doing — Right Now DeLong explains the …
Read More »
Read More »
Fed Violates its Own Inflation Targets. Should QE3 Be Postponed?
At this year’s Jackson Hole symposium, Ben Bernanke promised to help the economy via further easing if needed. We doubt his promises because because the Fed might contradict their inflation targets. Current levels of around 2 % for the consumer price inflation excluding food and energy (“core CPI“) and the deflator of the GDP …
Read More »
Read More »
How former central bankers stepped up against the central banks
There are already three former European central bankers who criticize more or less openly the European Central Bank (ECB).
Read More »
Read More »
Quantitative Easing Indicators, June 2012
The main drivers for demand for Swiss francs are the Euro crisis, but even more the behavior of American investors, who go out of the dollar in the fear of further bad US economic data and in the fear of Quantitative Easing. This will push down the dollar and safe-havens like the CHF, gold or the … Continue reading »
Read More »
Read More »