Tag Archives: QE

Thank You, Mr. Gundlach

In our Monday post, we stated, Absolutely stunning to see such large budget deficits as far as the eye can see with the actual and projected unemployment rate under 5 percent. What kind of budget deficit beast will we run … Continue reading

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Millennials Rising, Market Risk Increasing

Righteous! Check out today’s cover of the Economist.   It confirms our ongoing analysis and illustrates why you should read the Global Macro Monitor, folks. It’s been almost exactly one year to the date since we posted,  Karl, The Comeback Kid?  We warned … Continue reading

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Inflation With A Draghi Tatoo?

Draghi: QE is part of our toolbox and can be considered to be useable by the Governing Council in contingencies. We’ve always considered this and it has now been sanctioned by the ECJ — European Central Bank (@ecb) December 13, … Continue reading

Posted in Banking, Monetary Policy, Uncategorized | Tagged , , , , | 2 Comments

The Lessons of Quantitative Easing | Stephen Roach

A decade after the US Federal Reserve launched one of the boldest policy experiments in the modern history of central banking, economists and policymakers are still debating its implications. To prepare for future crises, five key lessons should be kept … Continue reading

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U.S. Treasury Market Borrowing & Global Foreign Savings

We were curious about how much U.S. Treasury market borrowings have increased relative to global foreign savings and whipped together the table below. We define  global foreign savings here as the cumulative current account surpluses of all the world’s surplus nations. The … Continue reading

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Where The Next Financial Crisis Begins

We are not sure of how the next financial crisis will exactly unfold but reasonably confident it will have its roots in the following analysis.   Maybe it has already begun. The U.S. Treasury market is the center of the financial … Continue reading

Posted in Black Swan Watch, ECB, Fed, Uncategorized | Tagged , , | 33 Comments

Who Is Funding The U.S. Budget Deficit?

Here is a little teaser for our coming post on the Treasury market, which should be out tomorrow.  The latest data is from the Flow of Funds just posted by the Federal Reserve Board (FRB). Note,  less gold (Fed) and … Continue reading

Posted in Capital Flows, Charts, Debt, Fiscal Policy, Politics, Uncategorized | Tagged , , , | Leave a comment

Charts That Count: QE QED

Since the collapse of Lehman Brothers the story of the world’s attempts to stop the financial crisis turning into a Great Depression has been dominated by central banks’ balance sheets. John Authers describes how this averted total disaster and sparked … Continue reading

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ECB to end stimulus programme later this year

ECB President Mario Draghi admitted the eurozone recovery has slowed and kept record low interest rates unchanged… READ MORE : http://www.euronews.com/2018/06/14/ec…

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QE And The Laurel vs. Yanny Distortion

Interesting clip from Wired,  interviewing  a neuroscientist explaining how people get the sound Laurel and Yanny name so different. The interview is profound if you take the principles and apply them to the markets.  It’s all about reading the correct … Continue reading

Posted in Interest Rates, Monetary Policy, Uncategorized | Tagged , , , , , | 14 Comments