Sunday, October 23rd, 2016 MST

Category: Economic Crisis

QE is here to stay. . .

. . . said Mario Draghi, ECB president, in a speech to Wall Street investors in New York Friday. Only the day before, the ECB had announced its QE plans for the Eurozone, which investors immediately deemed insufficient and stocks declined. Rushing to defend his plan for further money creation and asset buying, Draghi made

Ron Paul under attack

“First they ignore you, then they laugh at you, then they fight you, then you win.” — Mahatma Gandhi Mahatma Gandhi successfully sought the overthrow of tyrannical British rule in India via non-violent civil protests. In doing so, the above quote became synonymous with his name. Basically, Gandhi’s quote outlines how new ideas are received

Fed kicks the can again

Wednesday the Federal Open Market Committee (FOMC) gave no date for an interest rate hike, leaving analysts and economists speculating as to when the long anticipated .25 percent increase in the federal funds rate, which now officially stands at “zero to .25 percent,” will come. Following the Fed’s official statements issued after FOMC meetings has

Greece to exit eurozone?

Reaching an agreement on Greece’s bailout is beyond the 11th hour. It’s striking midnight. Monday all eurozone presidents and prime ministers have been summoned to meet in Brussels in a final attempt to resolve Greece’s bailout stand-off. This confab is necessary because the finance ministers of the currency union failed to reach an agreement earlier

IMF tells Japan to print more

In a statement that could not have been more blunt, last week the IMF told Japan that it needs to print more money to ensure that its economy will not slip into recession.  Specifically, the IMF wants the Bank of Japan to push inflation to 2 percent.  Japan’s inflation rate is near zero.

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