The reaction to the monetary “stimulus” provided by the FOMC and the BoJ over the past week has begun to fade and will continue to do so. And whilst some continue to say that the ECB has provided additional stimulus, I will point out that they haven’t bought a single bond of any country under […]
Archives for September 2012
Well I have to admit I got that one wrong! — FIU
Well I have to admit I got that one wrong! Whilst I always knew that further QE would come, I didn’t think it was justified today. The Fed Chairman must be taking an even more negative view on the US economy that even me. The justification for additional monetary easing was never there from a […]
Central Banks are seemingly the saviour of the world’s economy and financial markets — FIU
After Ben Bernanke’s speech at Jackson Hole where he highlighted the weakness of the US labour market in the Fed’s failing of its dual mandate, Friday’s very weak employment report has given rise to more speculation as to whether the FOMC on Thursday will announce a new large scale monetary easing. As I have argued […]
What is Bernanke’s plan? — FIU
When I listen to Central Bankers these days I am hearing so much less than what the rest of the markets seem to hear. So when last Friday I heard Bernanke stating that the bar for further QE was very high, others heard him say that the Fed was just about to embark on another […]