The European Central Bank met this morning, and the expectation going in was that they need to do something drastic. In the past, ECB President Mario Draghi said they would
The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And
There’s an old adage in economics that the best way to cure deflation is to drop money from helicopters. Clearly this phrase isn’t older than mid-20th century, because before that
Since late 2008, central banks around the world have used unprecedented QE to try and stoke the global economy. Then in June 2014, the ECB took it a step further.
U.S. Treasury bonds yields were higher today amidst news that the economy grew by 2% in the third quarter. Meanwhile, the stock market inched higher… but is down from last
It’s history’s greatest crime. Central banks have hijacked free market capitalism, and special interests have destroyed democracy. Only a crisis can fix this.