Category Archive: US Federal Reserve

Jan 03

Why averting the fiscal cliff isn’t such good news

Mr Market, the manic-depressive spirit of Wall Street, jumped for joy yesterday at the news that a last-minute deal had been cobbled together between the President and Congress to stop the United States falling off the fiscal cliff. But has anything fundamentally changed? No, it hasn’t. In fact, the last-minute deal, by simply putting off …

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Permanent link to this article: http://www.goldenguinea.com/why-averting-the-fiscal-cliff-isnt-such-good-news/

Sep 15

Central Bankruptcy. Why Quantitative Easing could threaten the solvency of the central banks

The news this week that the US Federal Reserve is recommencing its quantitative easing programme on an open-ended basis, and that the European Central Bank is going to start buying the bonds of the peripheral Eurozone States to fulfil Mario Draghi’s commitment “to do whatever it takes” to save the Euro, call to mind an incident in my own investment career …

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Permanent link to this article: http://www.goldenguinea.com/central-bankruptcy-why-quantitative-easing-could-threaten-solvency-of-the-central-banks/