Posts Tagged ‘QE3’
Posted by seumasach on February 17, 2014
LEAP 2020
16th February, 2014
The avalanche of liquidity from the Fed’s quantitative easing in 2013, allowed the world before’s tenets to wake up: indebtedness, bubbles, globalization, financialization… But all it took was a slight slowing down in the astronomical amounts injected by the US central bank every month for the rampant crisis, buried under these piles of liquidity, to reassert itself. As anticipated, the method of “resolving” the crisis by accentuating the excesses that caused it is ineffective, causing a crisis squared instead. All the same one can find an actual benefit: time is gained which everyone uses to their best advantage.
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Posted in Financial crisis | Tagged: BRICS(Brazil-Russia-India-China-South Africa), dollar collapse, End of empire, QE3, tapering | Leave a Comment »
Posted by seumasach on February 13, 2014
The Federal Reserve had been purchasing $85 billion in Treasury and mortgage-backed securities per month, but it announced that it would reduce its monthly pace of purchases to $75 billion in January and to $65 billion in February. In her testimony, Yellen reaffirmed that another reduction in the pace of asset purchases is likely to be announced at the next policy meeting in March.
Yellen cannot continue a zero-interest rate policy and continue tapering QE. QE, the systematic devaluation of the dollar, still the world’s reserve currency, has led to rising prices globally and threatens to provoke a global revolt against US finical hegemony. That is why the Fed is tapering and why interest rates will rise at some point in the none too distant future.
US Fed Chair Janet Yellen reassures Wall Street on easy money policy
Andre Damon(WSWS)
RINF
US Federal Reserve Chair Janet Yellen reassured Wall Street in her first congressional testimony Tuesday that the Fed would continue its zero-interest-rate policies into the indefinite future.
Posted in Currency Wars, Financial crisis | Tagged: dollar collapse, End of empire, QE3 | Leave a Comment »
Posted by seumasach on January 31, 2014
“In other words, perhaps the Fed understands that a dollar crisis is a bigger crisis than a bank crisis and that its bailout of the banks is undermining the dollar. The question is: will the Fed let the banks go in order to save the dollar?”
Paul Craig Roberts
RINF
30th January, 2014
In former times, the rise in the gold price was held down by central banks selling gold or leasing gold to bullion dealers who sold the gold. The supply added in this way to the market absorbed some of the demand, thus holding down the rise in the gold price.
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Posted in Financial crisis | Tagged: dollar collapse, failing banks, QE3, tapering | Leave a Comment »
Posted by seumasach on September 15, 2013
Liam Halligan
Telegraph
14th September, 2013
Lehman Brothers filed for bankruptcy on September 15 2008. The resulting financial meltdown led to the first global recession in living memory, so causing countless job losses and widespread human misery.
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Posted in UK economy | Tagged: bankrupt Britain, QE3 | Leave a Comment »
Posted by seumasach on June 26, 2013
“I believe that key Federal Reserve officials are begrudgingly coming to terms with the reality that the risks of ongoing huge QE outweigh the rewards.”
Doug Noland
Asia Times
24th June, 2013
It was a rout: emerging markets, Treasuries, municipal bonds, mortgage-backed securities (MBS), commodities and even some stocks. The hours leading up to Wednesday’s statement by the Federal Open Market Committee and Federal Reserve chairman Ben Bernanke’s press conference provided good television drama. CNBC’s Rick Santelli offered one of the better rants in a while: “Ben, what are you afraid of?” Mr Santelli returned minutes later with a provocative back and forth with Wall Street Journal Fed-watcher John Hilsenrath.
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Posted in Financial crisis | Tagged: QE3, quantitative easing | Leave a Comment »
Posted by seumasach on May 16, 2013
Market Watch
15th May, 2013
The Federal Reserve’s controversial quantitative-easing (QE) program has generated a new round in the “blame game,” and the Fed itself is now forecasting the end game for QE
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Posted in Financial crisis | Tagged: QE3 | Leave a Comment »
Posted by seumasach on March 20, 2013
Telegraph
20th March, 2013
Bank of England policymakers have warned that more quantitative easing could lead to “an unwarranted depreciation of sterling” if markets interpreted the move as evidence that the central bank was abandoning its commitment to low inflation.
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Posted in UK economy | Tagged: no more bombing!-no more bailouts!, QE3, quantitative easing | Leave a Comment »
Posted by seumasach on March 4, 2013
“While American QE has so far amounted to 14pc of annual GDP, with the eurozone’s at 4pc, the Bank of England has made asset purchases (overwhelmingly gilts) out of money created ex nihilo to the tune of 26pc of our national income”.
Liam Halligan
Telegraph
2nd March, 2013
‘I’m sorry Liam, we’re losing you,” said John Humphrys on BBC Radio 4’s Today programme last week. “Oh what a shame, we can’t hear him,” the grand inquisitor continued. “It’s a very bad line.”
Explaining the implications of “negative interest rates” on the UK’s most influential news bulletin is tough at the best of times. Doing so when the communication link between you and the studio drops out, making you incommunicado 15 seconds after you’ve started speaking, makes the task more difficult still
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Posted in UK economy | Tagged: QE3 | Leave a Comment »
Posted by seumasach on December 13, 2012
Conscience-Sociale
5th December, 2012
Depuis 2008, Conscience Sociale suit au quotidien les évolutions du marché des Bons du Trésor américain, et publie régulièrement des notes sur ce sujet. Cet intérêt est justifié par le fait que ces Bons du Trésor sont la forme la plus concrète et la plus fondamentale de l’influence mondiale des Etats-Unis. Tout ce qui reste aujourd’hui de la puissance des U.S. réside uniquement dans la capacité de son gouvernement à émettre de nouvelles dettes, qui servent en grande partie à entretenir le budget de la Défense, donc directement l’influence géostratégique mondiale des U.S. Les dettes étant très majoritairement émises sous forme de Bons du Trésor, ces derniers constituent le pilier du “mur dollar” dans le système monétaire mondial actuel.
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Posted in Financial crisis | Tagged: dollar collapse, QE3 | Leave a Comment »
Posted by seumasach on October 25, 2012
CNBC
22nd October, 2012
The troubling side effects of quantitative easing in the U.S. are fast becoming evident in Asia, with policymakers in the region facing increasing pressure to step in and stem the rise in their currencies.
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Posted in Currency Wars | Tagged: QE3 | Leave a Comment »
Posted by seumasach on October 25, 2012
QE bails out the banks at home and offloads the crisis onto the Global South
Bloomberg
25th October, 2012
Chile’s ability to depreciate its peso is limited as developed countries and China fight “currency wars” that keep their exchange rates artificially weak, the Andean nation’s Finance Minister Felipe Larrain said in an economic forum yesterday.
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Posted in Currency Wars | Tagged: QE3 | Leave a Comment »
In These New Times 