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Recent stories in Financial Markets
Central bankers have become daytraders of our economy
Once upon a time, central bankers were anonymous, not known to the broad public. They managed silently the liquidity needs and money flows in the banking system. Under the Greenspan-era, they have become more active, intervening in the markets, and increasing their ambitions. Today, central bankers see their role very broadly, ...
"Strange days" meets "Nothing Rhymed"
James Bond and Auric Goldfinger were never close friends, even when playing a game of golf. And in economic reality, it rarely occurs that both assets - gold and bonds - go hand in hand. The main reason is that gold serves as a kind of inflation hedge which normally implies an environment of rising yields (and losses on bonds). ...
The Recession of 2011?
The renowned American financial expert and much appreciated Econopolis- and Econoshock-contact John Mauldin very accurately predicted the financial crisis of 2008 and the recession that resulted from it. In his latest newsletter "Thoughts from the Frontline" (www.johnmaulding.com and ...
August 2007, 4 years later on
On August 9 2007, the ECB pumped a record 95 bio eur of liquidity into the money market in an effort to unfreeze the desperate conditions of interbank lending. It was a first and serious sign that a crisis was looming. We are now 4 years later on, and the main question remains : could it happen again ?In view of all the focus ...
Euroland at stallspeed
Stall speed is the speed at which aircrafts do not get enough lift to fly. It is the perfect description of the pace of growth in the US and the eurozone. With quarter-on-quarter growth near zero in the 17-eurozone countries, growth momentum has come to a halt. As GDP growth numbers are lagging sentiment indicators (see main ...
US debt ceiling and debt monetization
Europe is in the midst of a financial crisis. But the US is also experiencing a debt crisis. The discussion about the so-called " debt ceiling" hides a more fundamental problem: the appetite of foreigners for US debt has been disappearing. Only China and the US Federal Reserve are willing to ...
Impact US downgrade?
Op vrijdag verlaagde S&P de lange termijn kredietwaardigheid van de VS van AAA naar AA+. Het in het kader van het schuldenplafond goedgekeurde plan zou “onvoldoende zijn om het schuldenniveau te stabiliseren”. Het ratingbureau toont zich ook bezorgd over “verdere politieke risico’s”. Ratingbureau ‘s hebben wel ...
FOMC : Strait-Jacket BB ?
The FOMC dropped a bombshell...by doing nothing... and pledging to remain in zero-rate land for a long time. And there are several implications, some indirectly desired by Ben Bernanke, other more counter market productive and obscure. But apart from causing a last minute relief rally on stocks (600 point intra-day swing on DOW), ...
Pijnloze oplossing is fictie
(deze tekst verscheen in De Standaard afgelopen weekend) - Geert Noels, hoofdeconoom en stichter van de vermogensbeheerder Econopolis, zegt dat de tijd van schuldgedreven groei definitief voorbij is. Hij waarschuwt voor kwakzalvers die ons naar de afgrond brengen. Politici en bankiers zouden moeten kijken naar ...
Seeking shelter in chocolate gold bars
"Don't be so gloomy. After all it's not that awful. Like the fella says, in Italy for 30 years under the Borgias they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance. In Switzerland they had brotherly love - they had 500 years of democracy and peace, and what ...
















