La domanda non è oziosa; da molte parti si ascoltano opinioni allarmanti riguardo la presunta “inutilità” degli strumenti messi in campo dalle maggiori banche centrali del pianeta (sostanzialmente ZIRP=zero interest rate policy e QEs) per affrontare la spaventosa crisi di domanda e di deleveraging iniziata nel 2008 e (per molti) non ancora terminata. 630 more words
Tags » QE
Fortuitously, I was able to have a brief discussion yesterday with former Fed chief Ben Bernanke.
He is on a media tour for his new memoir, “The Courage to Act: A Memoir of a Crisis and Its Aftermath.” Bernanke was waiting to go on Fox business channel and I was able to have a few minutes with him. 218 more words
There is much to consider right now in the outlook for Europe and the Euro area’s largest economy. A developing theme for 2015 has been the decline in world trade prospects that I discussed on the 26th of August with this currently symbolised by the Baltic Dry Index for shipping rates which at 881 is some 14% below the level of one year ago. 1,294 more words
A stronger dollar and weaker oil prices have been aided by some good policy-making at the Eurozone and domestic levels, in particular the asset purchase program from the European Central Bank (ECB) and ongoing reform efforts in some economies, and in combination delivered four consecutive quarters of Eurozone GDP growth of 0.4%-0.5% to Q3 2015. 1,356 more words
In the famous song of 1960s lyricist and polemic,Tom Lehrer, the song is about a relationship based on masochism, which certainly seems to be relevant to the… 881 more words
Rick recently recorded nearly two hours with statistical analyst Jim Willie, publisher of the Hat Trick Letter. Topics include the takedown of Glencore and Volkswagen, the Fed’s hidden $1 Trillion of QE per month, the impact of Iranian oil on oil prices, Vlad Putin’s checkmate of Barack Obama’s Syrian War strategy, the shortage of physical gold and silver, and a coming global reset of the financial system. 16 more words