Bonds & Interest Rates

Martin Armstrong: “Draghi is absolutely clueless”

Posted by Martin Armstrong - Armstrong Economics

on Friday, 22 April 2016 13:38

Draghai-Euro-CrisisECB and Helicopter Money

So-called helicopter money involves using a central bank’s power to create money to directly inject funds either into government coffers or straight into the pockets of the public. Yet, nothing has been working and the ECB is now stating that they will continue to buy in debt, but they will also buy corporate debt. On the other side of the table lies the banks. The banks are advising the ECB what to buy so they can clean out the crap from their books. This is by no means in any textbook on how to manage the economy for dummies. The ECB is just shooting in the dark, hoping this will one day have some effect.…. continue reading HERE

Also from Martin:

Draghi defends ECB as Merkel enters low-rates debate

Draghi at War with Reason & Other Central Banks

Hate Mail Generator of the Week

Posted by Michael Campbell

on Thursday, 21 April 2016 22:42

campbells commentTime for another installment of “beware of weak minds”…

{mp3}grant/weakminds{/mp3}

 

Draghi defends ECB as Merkel enters low-rates debate

Posted by Balazs Koranyi and John O'Donnell

on Thursday, 21 April 2016 18:24

mario draghiThe head of the ECB robustly defended its cheap money policy on Thursday against sharp criticism from Germany, as the country’s leader entered a debate that has driven a wedge between the euro zone’s central bank and its biggest economy.

Mario Draghi said the ECB’s policy of printing money and keeping borrowing costs at rock bottom was working, adding that interest rates would stay at current record lows for a long time… CLICK HERE for the complete article

Why the Banks Should Be Broken Up

Posted by Matt Taibbi, Rolling Stone

on Thursday, 21 April 2016 18:19

jp morganPaul Krugman wrote an op-ed in the New York Times called “Sanders Over the Edge.” He’s been doing a lot of shovel work for the Hillary Clinton campaign lately, which is his right of course. The piece eventually devolves into a criticism of the character of Bernie Sanders, but it’s his take on the causes of the ’08 crash that really raises an eyebrow.

By way of making a criticism of the oft-repeated Sanders charge that the big banks need to be broken up, Krugman argues that banks were not “at the heart of the crisis.”…  CLICK HERE to read the complete article

 

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Soros Warns of 2008-Like Debt Growth in China.

Posted by Yves Smith, Naked Capitalism

on Thursday, 21 April 2016 18:13

naked capitalismGeorge Soros’ dire warnings about China a speech yesterday. He is talking his book; he’s short the renminbi, and pumped for China to float the Chinese currency against a broader basket of currencies, which would also lead it to decline against the dollar.

Soros made a doomsday call against Europe in 2012 that did not pan out, and he has been aggressive there in trying to influence policy, both on economics and on Ukraine. And he acknowledged that the timing of ugly end games is uncertain… CLICK HERE for the complete article

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