One week ago, on May 3, we wrote ECB Holds Line on Interest Rates, More Printing regarding the coordinated status of central bank policy. We said:
“The Bank of England will decide next Thursday, May 10, if it will continue printing beyond the ...
Greece held elections on Sunday, May 6, and now has four tries to form a coalition government; otherwise voters return to the polls in mid-June. The two statist (like Democrat and Republican) parties were expected to bring in the most votes, but that is ...
Berkshire Hathaway collected some of the most self-deluded investors in the world in the annual pilgrimage to hear the sell-side stock pushers CEO/Chairman Warren Buffet and his benefactor, Berkshire Vice-Chairman Charlie Munger, speak. CNBC chos ...
Renewed sovereign debt crisis in Europe will be a driving force in global economic contraction, as the European Union is the largest destination for Chinese and U.S. exports. The European Central Bank’s (ECB) three-year long-term refinancing operations ...
Bank of Japan (BOJ) continues to take its turn at reflating the global economy via various forms of currency creation. In its semi-annual report, Japan’s central bank announced it would increase the total quantity of printing by an additional 10 tril ...
As expected ( here , and here ) the two-day meeting of Federal Reserve branch presidents culminated April 25 th with no printing yet this early on, lending rates unchanged and, most notably, expectation of “exceptionally low” rates through at ...
These days, it’s not so much as what the Federal Reserve does , or what it says , that impacts market behavior—it’s largely what people, especially large and institutional investors, think it’s going to do. (See the WealthCycles.com articl ...
Central America has been on the rise when it comes to strong leadership. Guatemalan President Perez Molina has been a busy man recently, speaking at the World Economic Forum on the path he sees that encourages advancing prosperity for Guatemalans, ...
Greek citizens got worked over by northern bankers, with the “deal” for the largest restructuring of government debt in history leaving Greeks with more debt than ever. Meanwhile, complicit Greek politicians agreed that if the new, even larger debt is n ...
China reported its February balance of trade, posting the biggest monthly trade deficit in more than a decade, importing $31.5 billion more than they exported. Exports were down 23.6% from January.
This prompted the following comments from ...