Greece Out of Funds by Month End – Default and Drachma Imminent? – Greek government to withhold IMF payments according to the FT – Prime Minister Tsipras denies preparing for default according to Reuters – Government funds to run out…
Greece Out of Funds by Month End – Default and Drachma Imminent? – Greek government to withhold IMF payments according to the FT – Prime Minister Tsipras denies preparing for default according to Reuters – Government funds to run out…
The Fed had multiple opportunities to let the air out of unsustainable asset bubbles by notching interest rates higher and tapering its asset purchases (QE). The Federal Reserve blew it by not normalizing interest rates a long time ago. The…
‘Savers have missed out on £130billion of interest payments as a result of ultra-low rates – around £5,000 for every household in the UK – a report reveals today. The Bank of England slashed interest […]
The cure for systemic fragility is not low interest rates forever–it’s a market that transparently prices credit and risk for lenders and borrowers, qualified and marginal alike. One of the most unquestioned narratives out there is that the Federal Reserve…
ECB To Print Trillion Euros – Gold Could Surge 40% In 15 Minutes Against Euro, Other Currencies Mario Draghi is preparing to unveil QE today as the ECB looks certain to announce it’s much anticipated quantitative easing (QE) programme. The…