The stated purpose of quantitative easing was to drive down interest rates on U.S. treasury bonds.But as U.S. News and World Reported noted last month:By now, you’ve probably heard that the Fed is purchasing $600 billion in treasuries in hopes that it…
Posts Tagged ‘Ambrose Evans-’
“The Fed No Longer Even Denies that the Purpose of Its Latest Blast of Bond Purchases … Is To Drive Up Wall Street”
January 14th, 2011 |
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It’s Not Just the “Peripheral” European Countries … Financial Contagion Could Spread to “Core” Eurozone Countries and the U.S.
November 27th, 2010 |
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It’s not just the “peripheral” European countries which are in trouble.As Ambrose Evans-Pritchard reported yesterday:The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of …
The Elephant In The Room: Debt Grows Exponentially, While Economies Only Grow In An S-Curve
October 30th, 2010 |
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Michael Hudson is a highly-regarded economist. He is a Distinguished Research Professor at the University of Missouri, Kansas City, who has advised the U.S., Canadian, Mexican and Latvian governments as well as the United Nations Institute for Trai…
Greek 2 Year Yields 20 Percent, Italy Up 6 Basis Points, Portugal Up 7 Basis Points, Spain Up 27 Basis Points
April 28th, 2010 |
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It’s not just Greece and Portugal.As Simon Johnson reports:This is not now about Greece (with 2 year yields reported around 20 percent today) or Portugal (up 7 basis points) or even Spain (2 year yields up 27 basis points; wake up please) or even Italy…
Demand that Congress Pass the “Keep Your Hands Off My 401(k) Act of 2010″
March 4th, 2010 |
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As I wrote in January:Last May, I wrote about the rumor that the Obama administration might seize funds from American’s 401k and IRA accounts.Last week, Bloomberg pointed out:The Obama administration is weighing how the government can encourage workers…
US Will Hit 94% Debt to GDP Ratio Next Year, Surpassing the Level Where Debt Starts Reducing Economic Growth
January 12th, 2010 |
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Ambrose-Evans Pritchard notes:Fitch expects the combined state and federal debt to reach 94pc of GDP next year, up from 57pc at the end of 2007. Federal interest costs will reach 13pc of revenues, meaning that an eighth of all taxes will go to se…
China: Caution May Be Warranted | Japan: Real Troubles
November 2nd, 2009 |
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As I have repeatedly noted, China has been blowing a bubble with easy credit. MarketWatch’s Craig Stephen warns investors to be wary of a potential correction, at least in some sectors:Policy tightening could soon become the dominant market theme, mea…
“Money Multipliers Have Collapsed Everywhere…Confidence Is Missing. I Don’t See Any Way To Stabilise M3 In Such Circumstances”
October 29th, 2009 |
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Former officials are often more honest than current ones, since they aren’t under pressure to spread happy talk.Former European Central Bank chief economist Otmar Issing recently said what current officials aren’t addressing:Nobody can be sure that …