May 2 2013

The $10 trillion question. The ever expanding central bank balance sheets: What does $10 trillion buy you in the market today?

The Federal Reserve has waded deep into uncharted territory.  The Fed has concocted new ways of monetizing debt and allowing banks to essentially expand their balance sheets with no real repercussions to the financial sector.  Of course the shrinking middle class might have something to say about this or the 47.77 million Americans on food […]

Oct 30 2012

European Union reaches highest unemployment rate since crisis started – Spain hits 25 percent unemployment rate for first time. The missing EU crisis headlines.

During the height of the US Great Depression, the unemployment rate stood at 25 percent.  This was a devastating experience for our economy and shifted policies and geopolitics for decades to come.  So when you have the European Union, the world’s largest trading bloc with two countries experiencing unemployment rates of 25 percent people should […]

Jul 5 2012

The dynamic central banking duo – ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.

You might have the vague memory that the European Central Bank reacted somewhat negatively to the Federal Reserve’s massive balance sheet expansion a few years ago.  The ECB was not following in the same path as that of the Fed.  Well fast forward to the current Euro crisis and the ECB now has a balance […]

Jun 15 2012

The global addiction of central banking stimulus – Contagion spreads to Spain as 10-year edges to 7 percent. Life in a perpetual quantitative easing world.

Financial markets around the world are now desperately dependent on central bank stimulus.  The US recovery is largely dependent on the Federal Reserve funneling loans into the system via the quantitative easing process and other archaic forms of money development.  It is interesting how the Greek stock market rallied this week merely on the notion […]

May 5 2012

The chicanery between the Fed and ECB – twin balance sheets near peak levels and many European nations back in recession. Methods of understating US unemployment rates.

The Fed and ECB (European Central Bank) have taken notes from the exact playbook in dealing with the global financial crisis.  People tend to believe that these are somehow fully set government agencies but in reality, they are designed to protect their number one constituency group.  The Fed and ECB have the primary mission of […]

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