Monetization

Monetization

Canaries 'In Extremis'

Nobody “important” will admit it until after the election, but the resumption of the depression is at hand.

"Heaven Help Us If There Is Ever A Modest Blip Of An Inflation Impulse"

"when even the limpest “trial balloon” discussion of the ECB’s hypothetical, WAY down-the-road discussion of how to end their QE program (we could be talking 2020 here people) creates yet another “Mini-Taper Tantrum,” we have to be intellectually honest with ourselves (as do CBers) and acknowledge the incredible degree to which the current monpol framework has distorted prices / valuations / market structure."

This "Long Run" Won't Be Long Enough

In the long run reality is reality, not what the powers would like it to be or what they try to con the masses into believing it is. Don’t give up hope! The long run is short enough that most of us won’t be dead when it arrives.

Obama Explains Why The Presidential Race Is Such A "Nail-Biter"

The President of "the most transparent administration ever" is shocked at how close the election has become. Having seemed to be try to shame the black community into voting for Hillary (calling it a "personal insult"), CNN reports that President Obama has found another scapegoat  - blaming "misinformation" from right-wing websites for the "nail-biter."

"You Will Be Poor"

How much of your wealth does the government want? How much do you have?

What Wall Street Expects From The ECB, And How Will The Market React

With the ECB running dangerously low on bonds to monetize even as its QE program has failed to spur inflation, Mario Draghi may have no choice but to unveil drastic changes to the central bank's QE programm tomorrow. Here are the options available to the central banker, and some ideas of how markets may react.

For The First Time, Two European Non-Financial Companies Will Be Paid To Issue Debt

Today was another historic day in the monetary twilight zone that is Europe, when two large European, non-financial companies were the first in history to be paid by investors to borrow, courtesy of the ECB's corporate debt monetization program, which has unleashed an unprecedented scramble for frontrunning the central bank's purchases of corporate debt and a historic collapse in bond spreads.

"No Reason" Why ECB Shouldn't Buy Stocks: Peterson Institute

"I don’t see a reason [for the ECB not to buy stocks]" said Joseph Gagnon, senior fellow at the Peterson Institute for International Economics. "It isn’t obvious to me why a central bank wouldn’t always want a diversified portfolio, including equities."