Setting the value by decree is part of the central banking planning and it just happend in Italy by changing the “market value” of the BOI and changing the ownership rules. But the interesting part is what could come afterwards….. The resulting improved capital ratio of the banks will provide enough fuel for them […]
a quick look at the markets show us that QE infinity has been good to the US equities. Most emerging markets are in correction mode for quite a while, commodities have lost their shine too and bonds investors last year took a beating. Well.. I know have been wrong in not participating to the party […]
well, we’ve had a few examples the last few years about how governements are soo good at doing anything they can to remain in power. anyway, I wrote a bit in different posts as this one https://relativemoney.wordpress.com/2013/11/06/the-coming-wealth-tax-a-recurrent-theme-with-the-imf-flavour/ Reuters report that Germany’s Bundesbank said on Monday that countries about to go bankrupt should draw on the private […]
HSBC member of the selected TBTF Club may have to ask its partners for some help sooner than later. Apparently (as per Forensic Asia) the UK bank has not been able to fully benefit from ZIRP and QEternity to fully inflate and dump its assets and could be quite vulnerable to any market shock which […]
to talk about bubble seems to be in fashion presently but…. should we really care to know if we are or not in a bubble since we live in an “Uber Financial “world where asset price inflation has been (and some still believe in this mantra) the main engine of the mother of all bubble… […]
from Zerohedge and many others who are trying to teach us a bit about the flaws of our current monetary system. For the new readers…. money to me is to the economy what blood is to our body. The only difference is that we do not inflate as money so… since money is the fruit, […]
As reported by Bloomberg http://www.businessweek.com/articles/2013-11-14/2014-outlook-banks-face-investigations-and-litigation the initial roadmap for the litigation burden that banks are facing. It is said that white collar crime in Wall-Sreet and among the banksters’s community has been a highly lucrative business. Apparently… a ratio of 5 to 1. Maybe…. things are a going to start to change when examining at the […]
excellent article on the WSJ from an ex… QE executor… this resume very well the situation; Andrew Huszar: Confessions of a Quantitative Easer http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884 I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment […]
September 2011 the BCG or the Boston Consulting Group came up with an interesting paper called “Back to Mesopotamia” suggesting that governement should study a global “Wealth Tax” in order to get off the hook of the cripppling debt overhang. See the following link : http://www.bcg.com/documents/file87307.pdf Icecap Management brings us a good overview about the “progress” […]
If the good side of the holocaust along with the systemic extermination of other minorities has been to bring some kind of consciousness regarding human madness and cruelty, we shall extend this level of consciousness to other activities we do. The big issue here is that, as a consummer, you want the most for your […]
Relativemoney's Blog 