Friday, April 28, 2017

Tag: Mario Draghi

Swamp or no swamp, Goldman swims on

The investment bank’s network reaches the White House, again. Consider just this very partial list: Henry Fowler, Robert Rubin, and Hank Paulson, former US Treasury secretaries. Mark Carney, governor of the Bank of England. Mario Draghi, European Central Bank president. Malcolm Turnbull, prime minister of Australia. Bill Dudley, president of...

ECB Board Member Admits Central Bank’s Monetary Policy Risks Tearing Up Social Fabric

Time to toss yet another "conspiracy theory" on the composite heap of "theories that became fact." A recurring theme we have pounded the table on over the past nearly 8 years is that central bank policy has been the primary driver leading to not only a record wealth and...

Foreigners turn away from Treasuries just when needed most: Analyst

The biggest buyers of U.S. Treasuries have turned fickle on U.S. debt, just when they may be needed most. Peter Boockvar, chief market analyst at The Lindsey Group, points out that for a fourth month in a row, foreigners were net sellers of U.S. notes and bonds, dumping $13.1 billion...

The Coming Bond Bubble Collapse

In this week’s podcast, Michael Pento, fund manager and author of The Coming Bond Bubble Collapse, explains how the United States is fast approaching the end stage of the biggest asset bubble in history. He describes how the bursting of this bubble will cause a massive interest rate shock that...

Why Gold Is Now In A New Bull Market

Investors’ interest in gold peaked in September 2011, when it was generally agreed upon that the endless rounds of quantitative easing policies by the world’s central banks will result in rising inflationary pressures, while concerns over a potential Euro Zone break-up ran rampant, as government finances in countries such...

The monetary bubble to end all bubbles is coming

Central banks continue to create new money through quantitative easing. But should they? That’s the question both Harvard economist Terry Burnham and economics correspondent Paul Solman explore in two separate pieces. Below, Terry Burnham warns against quantitative easing. You can read Paul’s take on the issue, “Why the Fed should...

U.S. Stocks Fall With Global Shares, Pound on Brexit; Gold Gains

The aftershocks of the U.K.’s vote to leave the European Union reverberated across financial markets after a weekend of political turmoil, with the pound extending its record selloff and European equities dropping to levels last seen in February. The S&P 500 dropped 1.8 percent to the lowest since mid-March, while...

Janet Yellen’s Bluff and Mario Draghi’s Hubris

The monetary landscape of today looks pretty grim. We are in the middle of the perennial decline in the rate of interest. Central bankers are convinced they can get us all out of this mess. But can they really? Janet Yellen timidly tried to go against the decade long trend...

Central Banks are Pushing Monetary Heroin to Addicted Economies

We hear a lot about the role of central banks in the world’s economies. But what exactly have they been doing over the last few years, and what has the actual impact been? Central banks have the authority over the interest rates and the quantity of a nation’s currency. Their...

The Impact of the Federal Reserve on Oil Markets

OPEC policy, fresh data from agencies such as the IEA and the EIA, price speculators, and geopolitical disruptions are all known as market movers. But there’s another important player in oil price movements, and that’s the Federal Reserve. With oil and other markets so sensitive to a variety of headlines,...

Central banks are already doing the unthinkable – you just don’t know it

The lords of finance are losing their touch. Institutions which dragged the world from its worst depression since the early 20th century are finally seeing their magic desert them, if conventional wisdom is to be believed. Eight years on the from the Great Recession, voices as authoritative as the International Monetary...

Draghi’s Giant Giveaway; More Handouts for Wall Street

Last week, European Central Bank chief Mario Draghi announced a much bigger and wider-ranging stimulus package than anyone had expected. Unfortunately, the ECB’s bond buying program will have no impact on employment, business investment, inflation, lending or growth. It will, however, create a temporary incentive for corporations to buy...

Global currency wars are threatening a Lehman-style crisis

Global currency markets made front-page headlines last week as the euro plunged towards parity with a surging dollar and the pound similarly soared against the single currency. But why is the dollar so buoyant and the euro spiralling downward? And should you lock in the strong pound by buying your...

Euro-dollar parity just a matter of time as single currency plunges to 12-year low

Single currency falls to 12 year low against the dollar, as analysts say parity is now inevitable. Euro-dollar parity is only a "matter of time", analysts said on Wednesday, after the single currency fell to a fresh 12-year low against the greenback. The euro dropped as low as $1.0560 against the...

European Corporate Bonds Are Clear Winners After ECB Move

Credit markets soar after European Central Bank said it will begin buying corporate debt. On a day of wild market gyrations, there was one clear winner from a new round of European Central Bank policy announcements: European corporate bonds. Credit markets in Europe soared after the ECB surprised investors by saying...

ECB cuts rates to new low and expands QE

The European Central Bank cut its benchmark interest rates to a new low and expanded its quantitative easing package, in a bolder-than-expected package aimed at boosting the eurozone’s flagging economy. However, Mario Draghi, ECB president, played down the prospects of further rate cuts, swiftly reversing a sharp slide in the...

ECB can only buy time, not solve eurozone growth woes

Mario Draghi’s efforts will count for little without structural reforms and more aggressive use of fiscal policy by European governments. For most of its short life, the European Central Bank fretted about inflation being too high. Now it has the opposite concern. The fear of deflation explains the package of measures...

ECB cuts interest rates to zero amid fears of fresh economic crash

New ultra-cheap loans to banks among unprecedented package of measures as Mario Draghi seeks to jump-start economy. The European Central Bank has cut interest rates across the eurozone to zero as it unveiled an unprecedented package of growth-boosting measures against the backdrop of a fragile global economy. Amid growing concerns of...

Mario Draghi Is About to Become the World’s Market Risk Manager

Mario Draghi is set to become the new first line of defense for the world economy, whether he likes it or not. Federal Reserve Chair Janet Yellen’s preparations to raise U.S. interest rates this month put the European Central Bank president in the vanguard of the global charge against feeble...

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