Central Banks

The Committee to Blow Up the World!

by Bill Bonner • Aug 27, 2014 • 1 Comment

Why would this bullishness extend to practically the entire globe?

Investment Bank Discovers the “Redistributive Effects” of QE

by Wolf Richter • Jul 28, 2014 • 2 Comments

How the Fed and other central banks channel wealth and income to rich households and companies at the expense of wage earners and the young.

European Banks Begin to Sweat As ECB Promises Scalps

by Don Quijones • Jul 21, 2014 • 2 Comments

European bankers have begun sweating, not because of the harsh heat, but fear – of what could happen as battalions of bank auditors take up temporary residence at the headquarters of the biggest banks.

Chinese Construction Company Threatens To Default, Debt Dominoes Are Lined Up

by Wolf Richter • Jul 17, 2014 • 2 Comments

It’s so bad a trusty Communist Party newspaper exhorts the people to buy homes in a ghost city because there’s “no downside for home prices.”

Why Are TBTF Banks So Happy With The EU Banking Union?

by Don Quijones • Jul 10, 2014 • 2 Comments

According to the official story, the people of Europe will benefit enormously from the banking union; it imposes greater control and tighter regulation of the banks and saves taxpayers from having to bail them out. Or so it would seem.

A Dark Alliance: European Union Joins Forces With Wall Street

by Don Quijones • Jul 7, 2014 • 1 Comment

Negotiations behind closed doors are under way to water down all forms of financial regulation on both sides of the Atlantic via the Transatlantic Trade and Investment Treaty. Leading the charge: not the US government, but an unholy alliance between the European Commission, Wall Street, and the City of London.

No Politician Is Allowed to Oppose Banks For Long, Not Even the French President

by Wolf Richter • Jul 7, 2014 • 5 Comments

He has “no name, no face, no party,” “never runs for office,” “and yet he governs,” François Hollande said about “his true opponent” in 2012. The speech went viral. But that courage didn’t last long.

EU Regulator To Banks: Don’t ‘Buy, Hold, or Sell’ Virtual Currencies, Stick to ‘Fiat Currencies’

by Wolf Richter • Jul 5, 2014 • 4 Comments

Under the nimbus of its illustrious performance, the European Banking Authority has reduced the world of money to two abbreviations: VC (virtual currency) and FC (fiat currency). And it has taken sides.

IMF Frets About Giant Sucking Sound of Hot Money, Wants to Take Over Global Monetary Policy

by Wolf Richter • Jun 23, 2014 • Comments Off on IMF Frets About Giant Sucking Sound of Hot Money, Wants to Take Over Global Monetary Policy

Now that the Fed is pulling back from its money-printing binge, the IMF, the global bondholder bailout outfit, is starting to panic.

It’s Official: Despite Media Hype, Eurozone STILL in Recession

by Wolf Richter • Jun 18, 2014 • Comments Off on It’s Official: Despite Media Hype, Eurozone STILL in Recession

Politicians and Eurocrats have already taken credit for the recovery, and a whirlwind of backslapping has ensued – prematurely, it turns out.

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