Tag Archives: ECB

  • Podcast

    David Stockman: The Global Economy Has Entered The Crack-Up Phase

    And will be characterized by these 4 developments
    by Adam Taggart

    Sunday, February 15, 2015, 7:42 PM

    65

    Few people understand the global economy and its (mis)management better than David Stockman — former director of the OMB under President Reagan, former US Representative, best-selling author of The Great Deformation, and veteran financier.

    David is now loudly warning that events have entered the crack-up phase, which he predicts will be defined by the following 4 developments:

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  • Blog
    Netfalls - Remy Musser/Shuttestock

    Greece Exposes The Global Economy’s Achilles Heel

    Countries that can't repay their debts -- won't
    by Chris Martenson

    Thursday, February 5, 2015, 8:54 PM

    15

    The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they've dared to speak the truth.

    Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it's doing everything it can to minimize and marginalize the new Greek government.

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  • Podcast

    Axel Merk: Why Asset Prices Must Return To Lower Levels

    It's the price you pay for forcing capital to speculate
    by Adam Taggart

    Saturday, January 24, 2015, 8:59 PM

    20

    Saying it's been a busy week and half on the central bank front is perhaps a sizeable understatement. 

    First, the Swiss National Bank stunned the world (and its brethren central banks) by removing its peg to the Euro. This was quickly followed by Mario Draghi finally making good on his longtime threat of firing QE bazooka, announcing that the ECB will pursue a 60 billion Euro per month easing program for the next 16 months. And amidst all the smoke, the Canadian central bank snuck in a surprise rate cut to its interest rate.

    To make sense of both the "Why?" behind these extreme moves, as well as the "What?" in terms of their implications, Axel Merk, founder and Chief Investment Officer of Merk Funds joins us this week.

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  • Insider

    Off The Cuff: Central Banks Gone Wild

    Big moves this week by the ECB, Switzerland & Canada
    by Adam Taggart

    Friday, January 23, 2015, 3:41 PM

    7

    In this week's Off the Cuff podcast, Chris and Mish discuss:

    • The ECB Bazooka
      • Making sense of Draghi's QE announcement
    • The Swiss Surprise
      • A massive shock to the status quo
    • The Canadian Cut
      • Suddenly panicking about their asset bubbles
    • Making Sense Of The Madness
      • We're suddenly a lot closer to the endgame
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  • Blog
    Amitiel/Shutterstock

    Central Planners Are In A State of Panic

    Japan's black swan flaps its wings
    by Chris Martenson

    Thursday, November 6, 2014, 1:36 PM

    10

    Everything the central planners have tried has failed to bring widespread prosperity and has instead concentrated it dangerously at the top.   Whether by coincidence or conspiracy, every possible escape hatch for 99.5% of the people has been welded shut.  We are all captives in a dysfunctional system of money, run by a few for the few, and it is headed for complete disaster.

    To understand why, in all its terrible and fascinating glory, we need look no further than Japan.

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  • Insider
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    The Global Slowdown

    Economies across the globe are weakening notably
    by Chris Martenson

    Tuesday, October 7, 2014, 12:46 AM

    10

    I am on record as saying that the end of the US Fed money printing (a.k.a 'QE') is a bigger deal than the equity markets of the west and Japan have factored in.

    Further, I don't think that the ECB has sufficiently picked up the baton from the US Fed and I seriously doubt that they will be able to expand their money printing efforts much beyond that already announced due to pressure from a reluctant Germany.

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  • Blog
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    Ready Or Not…

    The unsustainable status quo is ending
    by Chris Martenson

    Thursday, September 25, 2014, 8:00 PM

    45

    If risk has been taken from where it belongs and instead shuffled onto central bank balance sheets, or allowed to be hidden by new and accommodating accounting tricks, has it really disappeared? In my world, risk is like energy: it can neither be created nor destroyed, only transformed or transferred. 

    If reality no longer has a place at the table — such as when policy makers act as if the all-too-temporary shale oil bonanza is now a new permanent constant — then the discussions happening around that table are only accidentally useful, if ever, and always delusional.

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  • Blog
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    I Blame The Central Banks

    For the coming bond bubble disaster
    by Chris Martenson

    Thursday, August 28, 2014, 12:17 AM

    43

    The current bubble in financial assets — in both equities and bonds of all grades and quality — raging in every major market across the globe is no accident.

    It's a deliberate creation. An intentional result of policy.

    Therefore, when it bursts, we shouldn't regard the resulting damage as some freak act of nature or other such outcome outside of our control. To reiterate, the carnage will be the very predictable result of our terribly shortsighted decision-making and defective logic.

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  • Podcast

    Alasdair Macleod: All You Need To Know About Negative Interest Rates

    The implications of the ECB's radical decision
    by Adam Taggart

    Monday, June 9, 2014, 2:14 AM

    6

    On Thursday, the European Central Bank (ECB) took the historically unprecedented step of lowering certain of its interest rates below 0%. In a report to our premium subscribers immediately following the announcement, Chris likened the move to the policy equivalent of dropping a neutron bomb.

    In the days following, despite the ECB attempting to clarify its stance further, many questions still linger; most notably: What exactly will the implications of this negative interest rate (NIRP) policy be?

     

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  • Insider
    Shutterstock: curraheeshutter

    The European Neutron Bomb Has Dropped

    Central banks have gone insane!
    by Chris Martenson

    Thursday, June 5, 2014, 3:25 PM

    28

    For anybody drinking the economic recovery Kool-Aid, today's historically unprecedented experiment by the European Central Bank (ECB) to impose negative bank interest rates should be like a bitter squeeze of fresh lemon on the tongue.

    If things are so rosy then why exactly are such desperate measures necessary?

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