Tags » Mario Draghi

Notes From Underground: The FED IS WAY OFF BASE -- A RATE HIKE IS NOT NEEDED

Janet Yellen and company are discussing the wrong issue. A FED FUNDS rate hike has already taken place due to the increase in LIBOR rates, which has led to a pricing of the December eurodollar futures contract, currently trading at 99.08–an effective six month yield of… 639 more words

Fed

24 Aug 2016 (AFR) - Why negative interest rates have smashed confidence and increased inequality

(24 August 2016, p39, by Yanis Varoufakis*)

‘Objects of desire come at a cost. Only bad things, like toxic waste, have a negative price, the equivalent of a fee payable to anyone willing to make them disappear. 280 more words

1.Market Observations

Notes From Underground: Looking for Headwinds In All the Wrong Places

It’s tough to enjoy the final days of summer when the FED can’t just relax their wind pipes. The continued contradictions emanating from those who sit in the same meetings is jeopardizing the Fed’s credibility … … 896 more words

Fed

Notes From Underground: "Acting Early to Reduce Uncertainty"

Last Thursday, Bank of England Governor Mark Carney rationalized the Monetary Policy Committee’s aggressive liquidity addition by citing the desire to head off any risk to economic growth and thus increase in unemployment. 670 more words

ECB

Why central bankers are unable to admit failure despite running out of ammunition

When central bankers pause for thought these days, there’s just one idea they’re unlikely to entertain: backing down.

Take Haruhiko Kuroda, governor of the Bank of Japan. 870 more words

Economy

Did Germany Just Blink?

by Don Quijones, for WOLF STREET

A most unusual thing happened in Europe this week. In a rare climb down, Angela Merkel’s government decided not to push the European Commission to impose a punitive fine on Portugal and Spain for their persistent failure to comply with their budget deficit targets, leading one Eurogroup minister to declare that the euro zone’s Stability Pact is “dead.” 962 more words

Latest

What is Helicopter Money?

What is Helicopter Money ? Why the Central bankers are using the term so frequently now?

The instant reference that can be drawn towards the Hollywood/Bollywood, kind of Robbin hood stories where the hero/villain throws money from the helicopter in the villages. 676 more words

Economies