The Australian share market has rallied to its highest level since early March and briefly reclaimed the 6,000-point level on buying of leading blue chips. The Big Four banks have returned strongly after being hit hard by the fallout from the coronavirus…
Macroeconomics: Global Central Banks News & Highlights
Why You Can Expect to See the Government Protect Property
Dear Reader, Have you noticed how the mainstream press is trying to turn panic buying into a good thing? I’ve seen headlines like ‘panic buying drives biggest retail sales…’ …or in today’s paper: ‘Australians were the world’s best panic buyers’. According to the article, Australia ‘out-shopped’ 54 other countries when it came to panic buying, […]
Don’t Think the Stock Market Can Go Higher? Think Again…
Can the stock market go higher? — There are lootings, shootings, and protests all over the country. And the stock market moves up?! Yeah, it sounds crazy, I know. But that’s what’s happening. US stock markets edged up 0.36% overnight…
Deferring Doom Doesn’t Work
Governments and central banks around the world are busy forestalling. The question is whether it’s the inevitable. Job losses, bankruptcies, mortgage defaults, corporate bond defaults, austerity or sovereign debt defaults, and plenty more. Does delaying them lead to avoiding them in the end? I’m not so sure, either way. But we’re going to find out […]
Loch Ness Monster Surfaces on Central Bank Balance Sheets
And you thought Nessie wasn’t real. But now, we finally have proof, right here in this chart: Source: The Market Ear [Click to open in a new window] Do you see the distinctive shape? The humps and the long neck? The fins and the tail? [conversion type=”in_post”] Who would’ve thought Nessie has been hiding out […]
How Fake Money Is Carrying the Economy
My dad, who was an economist for the Argentinean government, loved what’s sometimes referred to as the ‘real economy’. It’s something he’s passed onto me, along with his passion for economics. Almost every night after dinner, he would spend hours poring over reports on wheat, mining, manufacturing… He would look at what the country was […]
