Has The Bank Of Japan Started Another Round Of Central Bank Wargames?

Oct 31, 2014

Never pick a fight with a central bank. The only one who gets hurt is you. Unless, of course, you are another central bank.
Central banks routinely intervene in the markets to influence the prices of assets, commodities and currencies. That’s the way monetary policy is conducted. It’s the principle behind QE.
Generally, everyone co-operates. When a…

Japan Takes Massive Stimulus Actions

Oct 31, 2014

Japan’s central bank and its main government pension fund said they would pump trillions more yen into the country’s sputtering economy, taking a risky new stimulus tack that jolted global markets.

The Story Changes: Ebola Is Now "Aerostable" And Can Remain On Surfaces For 50 Days

Oct 31, 2014

Submitted by Michael Snyder of The End of the American Dream blog,
When it comes to Ebola, the story that the government is telling us just keeps on changing.  At first, government officials were claiming that it was very difficult to spread the Ebola virus.  Some of them were even comparing it to HIV.  We were given the impression tha…

Who Will Suffer From A Leveraged Credit Shakeout?

Oct 31, 2014

Submitted by Charlie Hennemann via CFA Institute blog,
Of all the noteworthy moments from the 2014 CFA Institute Fixed-Income Management Conference, the bombshell may have been the default call from Martin S. Fridson, CFA.
Fridson, CIO at Lehmann Livian Fridson Advisors, has been a leading figure in the high-yield bond market since it was known as th…

The Fed’s Term Deposit Facility comes of age

Oct 31, 2014

As discussed earlier (see post), the US monetary base had stopped growing in July and is now in fact lower than it was over the past few months.Given that the securities purchases continued through October, the flattening of the monetary base was the result of the Fed “draining” some of the reserves. Most of that was due to the reverse repo program (…

Meanwhile, The French Are Revolting…

Oct 31, 2014

Amid record unemployment, even recorder youth unemployment, and politicians willingly breaking EU treaties (with apparently no consequences), it appears – just as in the US – police brutality in France was the straw that broke ‘Le Camel’s back. As RT reports, another anti-police brutality protest turned violent in the French city of Rennes, with mask…