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.”
Who Bought the $5 Trillion Piled on the Monstrous US National Debt in 15 Months? by Wolf Richter • Aug 17, 2021 • 146 Comments A burning question in these crazy times.
While Fed Blows Off Inflation, Hawkish Bank of Russia Shocks & Awes with Rate Hikes, Sees “Persistent” & “Prolonged” Inflation by Wolf Richter • Jul 23, 2021 • 197 Comments But the US and Russia have similar red-hot inflation rates.
The Most Splendid Housing Bubbles in Canada: Why the Bank of Canada is Cutting QE by Wolf Richter • Jul 20, 2021 • 127 Comments And the utter craziness has begun to “decelerate” in some markets.
Bank of Canada Cuts Bond Purchases for 3rd Time, Bank of New Zealand Stops QE Cold-Turkey, Citing Housing Bubble in “Least Regrets Policy,” Following a Slew of other Central Banks by Wolf Richter • Jul 14, 2021 • 150 Comments Why is the Fed so far behind the curve? Other central banks are now making room for “persistent” inflation.
