Is the ECB too close to the private sector?
Yesterday the FT uncovered a series of meetings between ECB policymakers and the private sector that occurred just before the…
9 years ago
Monetary Policy
Time to Rethink Macro Policy
"So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want…
9 years ago
Income Redistribution: A Side Effect of Monetary Policy
The other day I came across a very interesting and challenging research paper about the degree of investor sophistication and…
9 years ago
Warning Bells Are Ringing
If you believe the last summer was tough to invest in the equities market, then just wait for the rest…
9 years ago
The Battle Between CPI and PCE
Central banks have been so fixated on fighting inflation that they have killed it completely. Now they have the reverse…
9 years ago
Bill Gross Vs the FED
Bill Gross from Janus Capital (ex:PIMCO) has heavily criticised central banks for failing to foresee the consequences of conducting a…
9 years ago
FED’s Next Move… Negative Rates?
Is there anybody who still believes the FED will hike rates this year…? The next? With the latest developments in…
9 years ago
BoE Concerned with China
The last time the BoE moved its key interest rate was in March 2009, when the financial crisis was at…
9 years ago
Draghi still has ammunition in his bazooka
Earlier in the year the ECB announced its own asset purchase programme to reflate the Eurozone economy. Investors received the…
9 years ago
Central Banks Have Lost the Inflation Link
For the last three decades, central banks have been concentrating their efforts on fighting two gaps - the output gap…
9 years ago