EMerging Equity
quantitative easing
The Illusion Of Monetary Policy Independence Under Flexible Exchange Rates
By Sebastian Edwards Via VoxEU The conventional ‘trilemma’ view is that countries that allow free capital flows can still pursue independent monetary policies as long as they allow flexible exchange rates. This column examines the pass-through of Federal Reserve interest rates to policy rates in Chile, Colombia, and Mexico. The author concludes that, to the extent … Continue reading
Chinese Leaders Learn That GDP Isn’t Everything
By Peter Cai For years, Chinese officials and foreign analysts have been obsessed with China’s GDP growth figures. There has been a widespread belief that if GDP growth dips below 8 per cent, there would be massive upheaval. This widely held perception turned out to be nonsense. The career prospects of Chinese officials are dependent … Continue reading
Greece, The US And The Neo-Liberal Coup – We Are All Greeks Now – OpEd
By Rob Urie Since the onset of economic calamity in the West beginning around 2007 ‘official’ response has been framed as modest successes with a few policy errors while the reality is of remote elites and their agents enacting punitive policies under the guise of material economic constraints. In this context the election of Alexis … Continue reading
A Soros “Trojan Horse” Inside The New Greek Government?
By Wayne Madsen As Greece celebrates the inauguration of its anti-austerity government, the euphoria should be tempered with a bit of realism. Although new Prime Minister Alexis Tsipras, who named his son Ernesto after Cuban revolutionary Ernesto Ché Guevara, and the vast majority of his new Coalition of the Radical Left (SYRIZA) government have good … Continue reading
Money For Stocks, Zilch For The Economy – Draghi’s “No-Growth” QE – OpEd
By Mike Whitney Let’s say you’re diagnosed with colorectal cancer. But instead of going to a professional for help, you decide to treat yourself with glycerol suppositories and high doses of Vitamin C. Well, then, you’re probably going to die, right? This same rule applies to economics. If you try to reduce unemployment and boost growth by … Continue reading
‘Easy Money’ To Worsen Inequality In Europe – George Soros
The decision by the European Central Bank to begin €1.14 trillion quantitative easing (QE) program will eventually reinforce inequality within Europe and have serious political consequences, billionaire George Soros told RT in Davos. “Excessive reliance on monetary policy and attempts to enrich the owners of property will not relieve the downward pressure on wages,” said … Continue reading
This Is The Beginning Of The End For The Euro – OpEd
By Michael Snyder The long-anticipated collapse of the euro is here. When European Central Bank president Mario Draghi unveiled an open-ended quantitative easing program worth at least 60 billion euros a month on Thursday, stocks soared but the euro plummeted like a rock. It hit an 11 year low of $1.13, and many analysts believe … Continue reading
ECB Announces Milestone €1.14trn ‘Easy Money’ Program
The European Central Bank announced it will embark on a fully-fledged quantitative easing program from March, which will break down to €60 billion per month. The move is made to counter a triple-dip recession in the eurozone. “Under this expanded program, the combined monthly purchases of public and private securities will amount to €60 billion, … Continue reading
IMF Revises Down Global Growth Forecast For 2015-16, Despite Cheaper Oil
By IMF Even with the sharp oil price decline—a net positive for global growth—world economic outlook is still subdued, weighed down by underlying weakness elsewhere, says the IMF’s latest WEO Update. Global growth is forecast to rise moderately in 2015–16, from 3.3 percent in 2014 to 3.5 percent in 2015 and 3.7 percent in 2016 … Continue reading
Europe’s €500 Billion Plan To Save Itself From Economic Ruin
On Thursday, European Central Bank head Mario Draghi is expected to make good on his promise to “do whatever it takes” to save the deflating euro and sagging economy and introduce US-style quantitative easing to the tune of €500 billion in bond purchases. The sovereign bond purchases could inject €550 billion ($650 billion), according to … Continue reading
