Contributing Editors' Blog Entries

GoldCore's picture

Since 1694 and the ensuing three centuries’ of Bank of England history, the base rate has never been this low (see chart). Draghi, emulated his fellow Goldman Sachs banker, Carney and kept rates at 0.5%. Ultra loose monetary policies involving record low base rates have been in place in the UK since March 2009, a lengthy 4½ years. In the Eurozone 0.5% record low rates have been seen since May this year. 

Pivotfarm's picture

When Charles Ponzi was around, it took just a tad longer to rake in the cash and commit financial fraud, escaping with the proceeds to better climates. Today, the internet and the power of the virtual world have made the transfer of funds so much quicker.

Pivotfarm's picture

A wicked web of deceit, with just a good measure of theft and forgery thrown in for old time’s sake! Most of the time when we read about history, the biggest this or the fastest that related to the stock exchange it’s (so we are told) so that we don’t make the same mistakes twice and then some bull gets spun about how we need to learn from our mistakes

Marc To Market's picture

Portugal Weighs on Euro

Portgual stuck with austerity even after the orthodoxy changed.  The finance minister resigned and was replaced by someone who promises continuity.  This led to the resignation of the head of the jr coalition partner leader.  Still, snap elections are not the most likely scenario.