Global equities were under pressure Thursday, as Jerome Powell’s perceived reticence on tweaks to the
How much duration supply will the central bank sponge soak up?
A ‘Terrific Explosion’ (Or, Stimulus > Geopolitics)
It’s all fun and gains until…
Bank Of Japan Takes Gloves Off. Says ‘No Limit’ On Bond Buying
PBOC, Norges Bank, Riksbank, BOJ Rush To Rescue Bloodied Markets With Rate Cuts, Liquidity Measures
Of course, all of this will fall short if politicians do not step up with adequate measures.
A Doomed Cavalry Charge? Rates Rage On Wild Central Bank Easing Speculation
Now these are some “great expectations”.
For Volatility, 2019 Is No 2017. But 2021 May Be
Looking back at history, it generally takes around two years for those feedback loops to fully manifest themselves.
‘Blue Sky’, ‘Ugly’ Or ‘Armageddon’: 3 Paths For The Emancipation Trade
“Everything we know about financial markets”…
‘The Fed And ECB Are Amateurs’: Albert Edwards Says More ‘Monetary Madness’ From Japan To Intensify Global Currency War
“A whole new level of monetary debauchery”.
Spare A Thought For The Bank Of Japan On Friday
Haruhiko Kuroda has a yen problem and it just got materially worse.
Kuroda’s Yen Problem Isn’t Going Away No Matter What The Fed Does, Goldman Says
Japan’s is not an enviable position.
Meanwhile, In Japan: Yield Curve Control Fails, Top US Creditor Status Regained
“The BOJ will have to give up something”.
‘After 700+ Rate Cuts And $10 Trillion In Liquidity’, Quantitative Failure Now Tops The Worry List
This time around, Wonderland will be an even stranger place.
Here Are The 14 Biggest Problems With Central Banks Being ‘The Only Game In Town’
As we approach a pivotal juncture for the post-crisis monetary policy regime, potential problems are mounting.
Out Of Rabbits, A Paralyzed Bank Of Japan Sits Idly By
The BoJ did what they could do on Tuesday – which was nothing.
Dances With Doves: Full Week Ahead Preview
Trial by fire.
The ‘Ammo’ Problem Is Back – And It’s Worse Than Ever
The same worry, but now it’s more acute.
Buy It All.
The promise of perpetual liquidity provision…
From Washington To Sintra To Tokyo, Central Banks On The Hot Seat: Full Week Ahead Preview
To the rescue or out of ideas and ammo?
‘Expect The Unexpected’: One Bank Ponders Peak Plutonomy, Peak Polarization, MMT And 70% Taxes
“Bulgakov’s cat, Behemoth, played chess and took trams.”
Back To The New Status Quo.
… back in limbo, chasing the elusive target that we really don’t want to catch.
Come What ‘May’: Full Week Ahead Preview
Data, ‘Brextension’ and the BoJ are this week’s headliners.
If ‘It Sounds, Looks And Smells Like Debt Monetization’, It’s A Duck.
“… and most likely permanently.”
From Japan, A Bleak Warning
From Frankfurt To Tokyo To Sydney, Doves On Parade
Suffice to say the dovish pivot from global central banks appears to have wings
Albert Edwards Returns From Jamaica, Talks MMT And The Likelihood Of Negative Rates In The US
“Investors should contemplate a brave new world”…
Meanwhile, In Monetary Policy Neverland
More “positive attitude and conviction”.