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Central Banking’s Split Personality Can’t Go On

Pivotfarm's picture




 

Central Banking’s Split Personality Can’t Go On

Central bankers have spent the past five years expanding their balance sheets to unprecedented degrees. Now they have modest (at best) growth, but an enormous monetary base. Some want to do more but others are worried about how hard it will be to normalize policy. Nowhere is this split more apparent than in the Bank of England, although there are signs of the same at the Federal Reserve and even the Bank of Japan. Once again the BOE’s Monetary Policy Committee voted 6-3 against providing more quantitative easing to the economy, with outgoing governor Mervyn King on the losing side.

http://www.financialjuice.com/News/109287/Central-Bankings-Split-Personality-Cant-Go-On.aspx

Canada’s Bond-Dumping Frenzy Escalates as Pensions Unload

Canada’s biggest pension-fund manager will “significantly” cut its C$64 billion ($62.3 billion) allocation to bonds as the fixed-income market’s foothold among its most loyal base of investors grows less certain.

http://www.financialjuice.com/News/109279/Canadas-Bond-Dumping-Frenzy-Es...

EUR/USD Most Vulnerable Pair Ahead of Bernanke, FOMC Minutes

Most currencies have fallen against the dollar towards the testimony of Ben Bernanke in Washington and the release of the recent FOMC meeting minutes. Some had good reasons to fall and some didn’t have specific ones.

http://www.financialjuice.com/News/109278/EURUSD-Most-Vulnerable-Pair-Ah...

Schaeuble: EU must accelerate fighting youth unemployment

Cutting unemployment decisive for EU legitimacy German bilateral programs compliment EU efforts Schaeuble is speaking in Berlin.

http://www.financialjuice.com/News/109277/Schaeuble-EU-must-accelerate-f...

Lehman Brothers Holding raises $1.88 bln selling broker claims

Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage.

http://www.financialjuice.com/News/109266/Lehman-Brothers-Holding-raises...

Bernanke expected to stay the course on Fed policy

NEW YORK (Reuters) - Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among investors that the central bank could soon reduce its massive bond buying program

http://www.financialjuice.com/News/109264/Bernanke-expected-to-stay-the-...

Credit rating firms sow doubt on euro zone bond rally

Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.

http://www.financialjuice.com/News/109237/Credit-rating-firms-sow-doubt-...

US Existing Home Sales 4.97 within expectations.

The annual level of US existing homes sales was expected to rise to 4.99 million. This is a rise of 0.6%. EUR/USD extends its gains after the publication and breaks above

http://www.financialjuice.com/News/109301/US-Existing-Home-Sales-497-wit...

 

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Wed, 05/22/2013 - 12:20 | 3588226 Smiddywesson
Smiddywesson's picture

"Central bankers have spent the past five years expanding their balance sheets to unprecedented degrees."

...and now that they've backed themselves into a corner you come to the curious conclusion they will pull the plug and let the entire financial system come tumbling down?  LOL  You've got a lot more confidence in central bankers than I have.  Did they suddenly come to their senses?  Too funny.

Yes, I agree with you.  Agreed, it can't go on forever and lock our economies in a zombie apocalypse until the baby boom generation gives up the ghost (I hope).  No, I don't believe a word they say about ending their printing.

The market is on full retard and the only way to trade is to gamble like a retard, fully knowing you will have to give some back.  The alternative is to sit on the sidelines, knowing you will eventually be "vindicated" for doing the wrong thing and sitting on your hands as you are slowly consumed.

Wed, 05/22/2013 - 10:48 | 3587791 the grateful un...
the grateful unemployed's picture

here's the latest news flash, bernanke says, wall street, you keep your profits, we'll backstop your losses.... why should anything change?

Wed, 05/22/2013 - 12:22 | 3588246 Smiddywesson
Smiddywesson's picture

I like your response better than mine.  The status quo favors the haves, so why should they permit their minions to change anything?

Wed, 05/22/2013 - 12:26 | 3588263 Smiddywesson
Smiddywesson's picture

Another thing.  Just who is going to force reality on the cabal that rules Western dominated central banking?  China?  Not going to happen.  This time IS different.  Anyone who could have claimed the emperor has no clothes has long ago boarded the train.  This ride is going all the way, complete success (for some) or complete failure (for most all).

 

Wed, 05/22/2013 - 12:57 | 3588427 the grateful un...
the grateful unemployed's picture

its sometimes called neofeudalism, an economy run for less than everyone. that has changed central planning is a slow motion train wreck, as long as nothing happens quickly, they can micromanage events. in the event of a stock market flash crash, they simply cancel all the trades and make the kids take a time out. step in and provide liquidity. the economic problem is the failure of their phony pricing mechanisms to keep asset values high. no i would say at some point in the near future there will be two economies, but feudalism ended. so will this

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