Tag Archives: monetary policy

The Central Banks Pull Back: Now It’s Up to Fiscal Policy to “Save the World”

Have you noticed that the breathless anticipation of the next central bank “save” has diminished? Remember when the financial media was in a tizzy of excitement, speculating on what new central bank expansion would send the global markets higher in … Continue reading

Posted in General | Tagged , , , , , | Leave a comment

Lessons from Japan: Decades of Decay, Unavoidable Collapse

Japan’s fiscal and monetary extremes are in the news again: this time it’s the Bank of Japan’s extraordinarily large ownership of Japanese stocks, a policy intended to boost “investor sentiment” and prop up sagging equity valuations: The Tokyo Whale Is … Continue reading

Posted in General | Tagged , , , , | 2 Comments

Dollar Demand = Global Economy Has Skidded Over the Cliff

Borrowing in USD was risk-on; buying USD is risk-off. There is a lively debate about the global demand for U.S. dollars: Global finance faces $9 trillion stress test as dollar soars (Telegraph.co.uk) Is There a US$ Shortage? Will it Sink … Continue reading

Posted in General | Tagged , , , , , | 3 Comments

Central Bank Monetary Policy Enables Us to Put Off Real Reforms

This cycle of entrenched interests protecting their skims and scams via central bank monetary policy is self-liquidating. I finally figured out that the core purpose of central banks’ monetary policy is to enable vested interests to avoid desperately needed reforms … Continue reading

Posted in General | Tagged , , , , , , , | Leave a comment

Why Are Food Prices so High? Because We’re Eating Oil

Regardless of what we eat, we’re actually eating oil. Anyone who buys their own groceries (as opposed to having a full-time cook handle such mundane chores) knows that the cost of basic foods keeps rising, despite the official claims that inflation is … Continue reading

Posted in General | Tagged , , , , , , , | 2 Comments