David Stockman, My new book has been published and will be officially released on Tuesday. However, preorders for the e-Book version are now available on Amazon and can be obtained by clicking this link: Trumped! A Nation On The Brink Of Ruin… And How To Bring It Back. The central banks have gone so far off the deep-end
Dan Weil, The Fiscal Times The global economy is at a crossroads, says Mohamed El-Erian, chief economic adviser for German insurer Allianz, who warned years ago that economies had entered a sustained period of sluggish growth dubbed the “new normal.” Now this slow-growth period, enabled by massive central bank easing around the world, is coming
Iraq will be foremost in investors’ minds in the coming week as oil price risk has returned to markets, complicating the task for central banks whose policies are beginning to diverge for the first time since the global financial crisis. Oil prices neared nine-month highs late last week, touching $115 a barrel, and the rapid
The European Central Bank (ECB) just went negative — and that’s not going to be good for your money. Last week, the ECB distinguished itself as the first major central bank ever to implement what’s called “negative interest rates,” which means the ECB will actually charge depositors to keep their money at the central bank.
Negative interest rates coming to USA In the week that the European Central Bank cut its deposit rate for banks from zero to -0.1%, economist Martin Armstrong warns that negative interest rates are coming to the United States, meaning that Americans will be forced to pay just to keep their money in the bank. In
Yes. Give up control of their banks. What could possibly go wrong? In a proposal that represents one the most significant surrenders of national sovereignty since the creation of the euro in 1999, the European Commission, the EU’s executive arm, proposed Wednesday to make the European Central Bank (ECB) the single supervisor for all 6,000