Search Results for: central banks
World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi
July 17th, 2014
A recently published World Bank policy research working paper on Ponzi schemes mentions bitcoin as a “naturally occurring Ponzi”, clarifying that it has nothing to do with deliberate Ponzi schemes, as some bitcoin critics have claimed. Kaushik Basu, World ...
EUR and GBP Are Committed To CFTC Reports
July 14th, 2014
The world has been spoiled by the beautiful game for the past four weeks, and yesterday’s final, although not a classic, the most consistent team was crowned champion. Football was the winner along with sportsmanship. Can the markets now ...
Traders Flood U.S. With $3.4 Trillion of Bond-Auction Demand
July 14th, 2014
The intensifying debate over when the Federal Reserve raises interest rates is little more than a sideshow when it comes to the ability of the U.S. to borrow. For all the concern fixed-income assets will tumble once the central ...
Fed, Confident in Economy, Details End of Bond-Buying Program
July 10th, 2014
The Federal Reserve said on Wednesday that it planned to stop adding to its bond holdings in October, in a sign of its confidence that the economy is gaining strength even as the central bank gradually withdraws its support. ...
U.S. Treasury Prices Rally on Weak Equities
July 9th, 2014
U.S. Treasury yields fell on Tuesday after the U.S. government’s auction of 3-year Treasury notes, the first of three debt auctions this week. The Treasury Department auctioned $27 billion in three-year notes at a high yield of 0.992 percent, ...
Gold Extends Drop From 3-Month High as Dollar Strengthens
July 7th, 2014
Gold extended a decline from a three-month high as the outlook for higher borrowing costs in the U.S. strengthened the dollar. Silver also dropped. Gold ended a 12-year rally last year on expectations the Federal Reserve would reduce stimulus ...
Piketty with Chinese Characteristics
July 4th, 2014
In his bestselling book Capital in the Twenty-First Century, Thomas Piketty argues that capitalism aggravates inequality through several mechanisms, all of which are based on the notion that r (the return on capital) falls less quickly than g (growth ...
BIS warns over ‘Euphoric’ capital markets
June 30th, 2014
The Bank for International Settlements (BIS) has warned that “euphoric” financial markets have become detached from the reality of a lingering post-crisis malaise, as it called for governments to ditch policies that risk stoking unsustainable asset booms. While the ...
Emerging-Market Target Practice
June 26th, 2014
Central bankers want only a few things. To achieve any of them they usually seek to nudge inflation expectations, demonstrate the transparency of monetary policy, and establish their institutions’ credibility. To communicate their intentions simply and clearly, they may ...
Bond Market Has $900 Billion Mom-and-Pop Problem When Rates Rise
June 24th, 2014
It’s never been easier for individuals to enter some of the most esoteric debt markets. Wall Street’s biggest firms are worried that it’ll be just as simple for them to leave. Investors have piled more than $900 billion into ...
