Why the Next Downturn “Will Not Look Like 2008” by Wolf Richter • Jan 24, 2018 • 138 Comments Nine years of scorched-earth monetary policies come home to roost.
ECB’s New Plan B? Synthetic Structured Eurobonds by Don Quijones • Jan 24, 2018 • 55 Comments “Near-zero risk” derivatives… the banks are on board.
Rate Squeeze in Vancouver & Toronto Housing Bubbles by Steve Saretsky • Jan 22, 2018 • 48 Comments Variable-rate mortgages, the HELOC phenomenon, and new stress tests meet higher rates.
Draghi’s Membership in Murky G30 Financial Group Under Fire by Don Quijones • Jan 21, 2018 • 15 Comments A private club for central bankers, regulators, and bankers: Bernanke, NY Fed’s Dudley, Timothy Geithner, BoE’s Mark Carney, BoJ’s Haruhiko Kuroda… they’re all in it.
ECB Spawned Mass Culture of Financial Dependency that’s Now Very Hard to Undo by Don Quijones • Jan 9, 2018 • 40 Comments Right at the front of the monetary welfare queue is the government of Italy.
The Falling Dollar and China’s Foreign Exchange Reserves by Wolf Richter • Jan 7, 2018 • 66 Comments Stiffened capital controls help.
Surging Prices in Slowing Economy: Tough Year for Mexico by Don Quijones • Jan 6, 2018 • 27 Comments Bank of Mexico faces stagflation or worse.
QE Party Over, even by the Bank of Japan by Wolf Richter • Jan 5, 2018 • 67 Comments First decline in its colossal balance sheet since 2012.
US Dollar Refuses to Die as Top Global Reserve Currency by Wolf Richter • Jan 1, 2018 • 96 Comments Central banks are leery of the newly arrived Chinese yuan.
Bank of Canada’s Poloz Is Right to Be Worried by Contributor • Dec 17, 2017 • 58 Comments Three possibilities come to mind.
