Meet the world’s next central banker: Mark Zuckerberg

by Simon Black Within the last week, Facebook announced a ban on all advertisements about bitcoin, initial coin offerings and other cryptocurrencies. Facebook (along with Google) virtually controls Internet advertising. So their policies have enormous influence over consumer behavior. Banning ICO …

READ MORE

Central Banks Will Disappoint

via the MacroTourist Last week, markets got all excited about comments from Bank of Japan Governor Kuroda that Japan’s inflation is “finally close” to the BoJ’s 2% target. Overnight, there were suddenly all sorts of articles speculating on the end of …

READ MORE

Big Little Lies by Central Bankers

by northmantrader How stupid do central bankers think we are? By account of their communications and actions the answer is: Very. Just in the past 24 hours we got a heap of communications that can be considered cringeworthy at best, highly …

READ MORE

Central banks are damned if they raise interest rates and damned if they don't, largely because their policies have resulted in both risk-taking (i.e. the creation of asset bubbles in stocks, bonds and real estate) and excess levels of debt.

Here’s a summary from the report which succinctly explains the potential debt crisis and how the world’s central banks have painted themselves into a “monetary policy corner”: “Otherwise, over long horizons, failing to constrain financial booms but easing aggressively and …

READ MORE