...well, German banks have finally pulled the trigger, charging small depositers negative interest rates on their deposits... Needless to say, Joseph has some very […]
The post NEWS AND VIEWS FROM THE NEFARIUM DECEMBER 5 2019 appeared first on Giza Death Star.
Yesterday, you'll recall, I blogged about the financial "musical chairs" game that's going on with respect to negative interest rate bearing bonds and other […]
The post THROUGH THE FINANCIAL LOOKING GLASS… PART TWO appeared first on Giza Death Star.
OK, right up front: What I know about high finance, investment banking, and so on, you can write on the back of a postage […]
The post THROUGH THE FINANCIAL LOOKING GLASS… PART ONE appeared first on Giza Death Star.
President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means. The dollar strengthened against the euro in August, merely in anticipation of the European Central Bank slashing its key interest rate further into negative territory. Investors were fleeing into the […]
You don't need me to tell you how completely crazy and distorted the financial markets have become over the last decade. Anyone reading this already knows that, which is partly why I stopped writing on the topic several years ago. I came to the conclusion there was no point in constantly screaming at the top of my lungs about what a farce the global financial system was. Instead, I decided to step back, let things play out to their predictably tragic end, and then play closer attention as the curtains started to come down.
There are fears that the standoff between North Korea and the US could rattle Asian markets and derail Japan’s revitalized economy [Xinhua]
If Japanese Prime Minister Shinzo Abe is feeling smug about economic policy right now, he’s got the figures to back him up.
Second quarter GDP growth jumped a full 1.0 per cent in Q2 of the year to reach an annualized 4 per cent, a coup for his policies of raising value added taxes to boost income and stimulate the market.
The latest data beat forecasts of a gain of 0.6 per cent in Q2.
4.8/5 (5) Here;s one to ponder, shared by Mr. V.T.:
Economics Professor: Negative Interest Rates Aimed at Driving Small Banks Out of Business and Eliminating Cash
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The post TIDBIT: WHAT ABOUT THOSE NEGATIVE INTEREST RATES? PROFESSOR: ... appeared first on Giza Death Star.
In uncertain times, “cash is king,” but central bankers are systematically moving to eliminate that option. Is it really about stimulating the economy? Or is there some deeper, darker threat afoot?
