End of Easy Money: Global Tightening in Full Swing, While the Fed Promises to Wake Up in Time Next Year by Wolf Richter • Dec 22, 2021 • 213 Comments Central banks jacked up rates to catch up with run-away inflation, but most fell further behind; only Russia caught up. The Fed didn’t even try.
The Most Splendid Housing Bubbles in Canada “Pause” after Bank of Canada Ends QE, Starts Unwinding its Balance Sheet by Wolf Richter • Nov 17, 2021 • 87 Comments Home prices fell in Vancouver, Ottawa, and Montreal; were flat in Toronto, other cities for the first time since 2019.
Monstrous Money Printer Bank of Japan Stopped Printing Money, Started Unloading Government Securities by Wolf Richter • Nov 3, 2021 • 89 Comments Nikkei 225 is flat with February, when the BoJ started unloading government securities.
Suddenly Hawkish Bank of Canada Ends QE, Moves Rate Hikes Forward. 1-Year and 2-Year Yields Spike by Wolf Richter • Oct 27, 2021 • 101 Comments Spooked by inflation not being temporary.
While the Fed Still Fuels the Fire, the Bank of Russia Throws Shock-and-Awe Rate Hikes at Raging “Persistent” Inflation, But US Inflation Not Far Below Russia’s by Wolf Richter • Oct 22, 2021 • 154 Comments These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
End of Easy Money: Bank of England Talks Tightening amid “Altered Consumer Behavior,” Visions of Persistent Inflation by Wolf Richter • Oct 10, 2021 • 119 Comments “It’s appropriate” that markets price in “a significantly earlier path of tightening than they did previously.”
US Dollar Status as Dominant “Global Reserve Currency” amid Reckless QE & Government Deficits by Wolf Richter • Sep 30, 2021 • 123 Comments The decline of Dollar Hegemony. But other options are also shaky.
Bank of Japan Ends its Massive QE that Started when Abenomics Became Economic Religion of Japan by Wolf Richter • Sep 7, 2021 • 85 Comments One of the largest central banks ends QE. End of an era for Japan: Large-scale money printing was one of the three official legs of Abenomics.
Korea & Iceland Kick off Rate-Hike Cycle in Developed Economies after Shock-and-Awe Rate Hikes in Russia, Brazil by Wolf Richter • Aug 26, 2021 • 88 Comments Soaring home prices have become a thorny political issue for Korea’s government, facing a frustrated and angry middle class.
The Most Splendid Housing Bubbles in Canada Dogged by the Bank of Canada’s End of QE by Wolf Richter • Aug 20, 2021 • 142 Comments The housing insanity “softens.”
