This is yet another manifestation of Trump’s behavior normalizing autocratic regimes.
Category: central banks
Will 2020 Be The Year ‘Politicians’ Implied Vol’ Finally Overwhelms Central Banks?
“…there have been periods during which volatility has returned, but central banks have largely succeeded in beating back the turmoil”.
One Year Ago, Ajay Kapur Told Central Banks To Wake Up. Here Are His 4 Key Questions For 2020
Last year, “the two most asked questions were also the most misleading, from the point of making money”.
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.
‘QE Infinity’, MMT And ‘Public-Private Policy Partnerships’ For A Brave New World
Exploring the future of the monetary-fiscal policy nexus.
‘It’s Troubling When The Unthinkable Becomes Routine’: BIS Warns Monetary Policy ‘Needs A Helping Hand’
“Markets oscillated. Trade tensions pushed them down; monetary policy propelled them up.”
How Draghi’s ‘QE Infinity’ Actually Paves The Way For Fiscal Policy To ‘Take Over’
“An important stepping stone”.
Goldman Delivers Last Minute Market Musings Ahead Of Powell In Jackson Hole
“We have not changed that baseline view”.
Larry Summers Presents: ‘Black Hole Monetary Economics’
“The United States is only one recession away from joining Europe and Japan.
‘Monetary Stupidity Reigns’: Macro Tourist Delivers Epic Rant Amid Panic Bond Rally
“The German government is getting paid to spend and yet they refuse to spend”.
Race To The Bottom Intensifies As Trio Of Surprise Rate Cuts Ripple Across Markets
There’s just no other way to put it.Â
‘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.
Dances With Doves: Full Week Ahead Preview
Trial by fire.
The Most Dramatic Pivot Since The Crisis
“…counting the impacts of the QE-unwind since 2014, the degree of tightening has been severe”.
Will It Be Enough?
We need to reflate with more “vigor”.
Markets Have Moved From ‘Central Bank Put’ To ‘Mini-Goldilocks’. Now, The Risk Of Another Regime Shift Is Rising
Even in a benign situation, a rotation could catch lopsided positioning woefully offsides.
UBS CEO Very Worried About Asset Bubbles, Says ‘Cutting Rates To Infinity’ Not Great For You (Or Him)
“I hope the US wonâ€™t follow that”.
Why Risk Assets Are Immune To Crazy Politics
Whistling past the graveyard since 2009.
As Trump Cheers ‘100% Correct’ John Williams, Don’t Forget The MMT Connection
The irony, then, is that Trump, Bernie Sanders and AOC are to a certain extent on the same page…
Zombies. Lots of them.
The ‘Ammo’ Problem Is Back – And It’s Worse Than Ever
The same worry, but now it’s more acute.
As Trade Euphoria Fades, Markets Return To Parsing Central Bank Guidance
Policy Failure, Ammo Shortages And The ‘Who Pays For It?’ Problem
Some fresh color on familiar topics.