Quantitative Easing

Tyler Durden's picture

"How Does It All Play Out?" - Bill Gross Explains How The Central Casino Banks' Martingale Strategy Ends





"How does all this play out? Timing is the key because as gamblers know there isn’t an endless stream of Martingale chips – even for central bankers acting in unison. One day the negative feedback loop on the real economy will halt the ascent of stock and bond prices and investors will look around like Wile E. Coyote wondering how far is down. But when? When does Martingale meet its inevitable fate? I really don’t know; I’m just certain it will."

 
RANSquawk Video's picture

RANsquawk Preview: ECB Rate Decision 3rd December 2015





 

In arguably the most important ECB meeting since the introduction of QE, Draghi and Co. are expected by the majority of analysts to act further, with the most likely actions including a cut to the deposit rate and an increase in the Quantitative Easing program. Signalling from the central bank, and particularly Draghi himself over the past month has heavily indicated further stimulus, with Draghi notably saying that `the ECB will do what it needs to in order to raise inflation, as quickly as possible`.

 
Tyler Durden's picture

Fourth Turning - Our Rendezvous With Destiny





"Eventually, all of America’s lesser problems will combine into one giant problem. The very survival of the society will feel at stake, as leaders lead and people follow. The emergent society may be something better, a nation that sustains its Framers’ visions with a robust new pride. Or it may be something unspeakably worse. The Fourth Turning will be a time of glory or ruin."

 
Tyler Durden's picture

Paris Is Prologue





The recent attacks in Paris evoke strong emotions for many people, but investors need to look through those feelings to the short, medium, and long-term implications. We believe Paris may mark an important turning point for Europe and the global business cycle... but for different reasons than you may think. There is a chance that the slow disintegration of Europe will drive more capital onto US shores, boosting valuations and fueling a blow-off top in the US equity market; but beware global shocks and take any rally as a chance to get defensive.

 
Tyler Durden's picture

"Central Banks Are Out Of Dry Powder" Stockman Warns "Another Financial Crisis Is Unavoidable"





"This is the final spasm of a dying bull market that has been entirely fueled by central bank money printing. But if you look at the underlying trends both in the domestic and in the global economy and the outlook for earnings, everything that matters is heading south and the real global recessionary forces are just getting started."

 
Tyler Durden's picture

El-Erian Says "The Market Believes Central Banks Are Our Best Friends Forever", Just Don't Show It "Figure 4"





Liquidity in the junk (and all other markets) is evaporating, and according to Citi the spread between an illiquid and liquid junk bond portfolio just hit 100 bps, the most in the history of the series. Meanwhile according to Mohamed El-Erian "The market is comfortable that whenever we hit a hiccup, the Fed is going to come back in," he said. "It's very deeply embedded that central banks are our best friends forever."

 
Tyler Durden's picture

"Economic" Advice To The President (Laissez-Faire Austrian Vs. Anti-Market Keynesian)





Dear Mr. President, your country faces a stagnating economy... The truth is it is too late for our politicians to act, because the speculative peak that precedes the crisis is already upon us.

 
Tyler Durden's picture

Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?





Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job it has been doing.

 
Tyler Durden's picture

The Poisonous Cocktail Of Main Street Woes And Federal Reserve Liftoff





Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.

 
Sprott Money's picture

Five reasons the Fed can’t raise rates





Once you examine the finer details, it quickly becomes clear that there are five key reasons that the Fed is unlikely to raise rates anytime soon.

 
RANSquawk Video's picture

RAnsquawk Week Ahead Video: 16th-20th November 2015





· The tragic events in Paris are set to dictate price action at the beginning of the week in Europe

· The US sees an increase in tier 1 data this week as well as the release of the minutes from last month’s Fed meeting

 
Tyler Durden's picture

Rich Nation Problems: Even If Norway Wanted To Do QE, They Couldn't





"My guess is that we will have negative rates in Norway before there will be any talk of QE"...

 
Tyler Durden's picture

How Many More Recession Confirmations Do You Need?





If it looks like a recession, walks like a recession and quacks like a recession, it’s a recession.

 
Tyler Durden's picture

Peter Schiff Warns "The Shadow Rate" Casts Gloom





U.S. stock investors may be complacent regarding the ability of the stock market to withstand higher interest rates. Their confidence may come from the fact that, historically, markets have not peaked until 12-24 months after the Fed begins to tighten. This assumes the tightening cycle begins with the first official rate hike. But if it really began with the increase in the Shadow Rate, then a December rate hike will already be 19 months into the tightening cycle! Plus, given how overvalued stocks may currently be, and the amount of corporate debt accumulated to finance share buybacks, this bull market may be far more vulnerable than most to higher interest rates.

 
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