Articles related to Monetary Policy
 
Jan Skoyles - GoldCore
Bitcoin Price Falls 40 In 3 Days Underlining Gold’s Safe Haven Credentials
– Bitcoin price action shows cryptos vulnerable to commentary and government policies – Bitcoin falls to low of $2,980, down by $1,000 in week as China flexes muscles – Volatility major issue: In 3 days btc fell 40% before bouncing 25% off lows – BIS state risks of cryptos cannot yet be fully assessed and says technology still unproven – Apple and Google developing a payment API for cryptos – may give governments full oversight – Bitcoin and cryptos current volatility and exposure to governments
Monday, September 18, 2017
Phoenix Capital - Gains Pains & Capital
Stossel slams BOC Alt-Media ban: "Be nice or we kick you out."
Criticism continues to mount in the wake of the Bank of Canada’s exclusion of free market economists and the two-tier media strategy it implemented for a key policy-making conference, held yesterday in Ottawa. The conference’s goal was to air out preliminary issues related to the BOC’s inflation-control agreement
Sunday, September 17, 2017
John Butler - Goldmoney
The Golden Revolution, Revisited: Chapter 10
This Insight continues the serial publication of the new, Revisited edition of my book, The Golden Revolution (John Wiley and Sons, 2012). (The first instalment can be found here.) The book is being published by Goldmoney and will also appear as a special series of Goldmoney Insights over the coming months. This instalment comprises the fifth chapter of Section II.View the Entire Research Piece as a PDF here.An Unstable Equilibrium“A Nash equilibrium is defined as a strategy combination with the
Wednesday, September 13, 2017
Nathan Lewis - New World Economics
Alan Reynolds Argues For the Gold Standard, 1982
Here are Allan Meltzer and Alan Reynolds, arguing for Monetarism and the gold standard, in 1982. I think it is an interesting exchange. You could say that things haven’t changed much since then. But, I don’t think that is true. Nobody really takes the Monetarism of that era seriously anymore. The Monetarists themselves had to give up all the fantasies of those days, and are now on what I call third-generation Monetarism, which is Nominal GDP Targeting. There is a lot of talk about “rules-based”
Monday, September 11, 2017
Alasdair Macleod - Finance and Eco.
Further thoughts on Gibson’s paradox
“The paradox is one of the most completely established empirical facts in the whole field of quantitative economics.” – John Maynard Keynes“The Gibson paradox remains an empirical phenomenon without a theoretical explanation” -Friedman and Schwartz“No problem in economics has been more hotly debated.” - Irving FisherIntroductionTwo years ago, I found a satisfactory solution to Gibson’s paradox.i The paradox is important, because it demonstrated that between 1750-1930, interest rates in Britain c
Friday, September 8, 2017
Jan Skoyles - GoldCore
‘Things Have Been Going Up For Too Long’ – Goldman CEO
– “Things have been going up for too long…” – Goldman Sachs’ CEO – Lloyd Blankfein, Goldman CEO “unnerved by market” (see video) – Bitcoin bubble is no outlier says Bank of America Merrill Lynch – Bubbles are everywhere including London property – $14 trillion of monetary stimulus has pushed investors to take more risks – We are now in a new era of bigger booms and bigger busts – BAML – “Seeing signs of bubbles in more and more parts of the capital market” – Deutsche Banks’ John Cryan – Global d
Thursday, September 7, 2017
Przemyslaw Radomski CFA - SunshineProfits
Payrolls in August 2017 and Gold
The U.S. economy added 156,000 jobs in August. What does it mean for the gold market? Total nonfarm payroll employment increased 156,000 in August, following an increase of 210,000 in June (after a downward revision), according to the U.S. Bureau of Labor Statistics. Analysts had expected 180,000 jobs to be created. Thus, the actual number significantly disappointed expectations. Moreover, employment gains in June and July combined were 41,000 lower than previously reported. It means that job ga
Tuesday, September 5, 2017
Jeff Clark - Casey Research
  Does Gold Keep up in Hyperinflation ? 
Inflation is anatural consequence of loose government monetary policy. If those policies get too loose, hyperinflation can occur. As gold investors,we'd like to know if the precious metals would keep pace in this extreme scenario. Hyperinflation is an extremely rapid period of inflation, but when does inflation (which can be manageable) cross the line and become out-of-control hyperinflation? PhilipCagan, one of the very first researchers of this phenomenon, defines hyperinflation as "an inflation rate of 50% or more in a single month, "something largely inconceivable to the average investor.
Saturday, September 2, 2017
Bullion Vault
Gold Price 'Surge' to $1320 Attracts Institutional Investors as US Debt Ceiling Deadline Looms
GOLD PRICES held at 10-month highs versus the Dollar on Friday morning in London but traded at only 2-month highs in Euros and Chinese Yuan as the US currency slipped ahead of key monthly jobs data from the world's largest economy. Rising back to $1320 per ounce today, the Dollar gold price on Thursday ended August well above the 6-year downtrend starting at its all-time high of $1920 – set when US government debt lost its "risk-fre
Friday, September 1, 2017
USA GOLD - USA Gold
Morning Snapshot: Gold sets new highs for the year on soft jobs data
USAGOLD/Peter Grant/09-01-17 Gold pushed to new highs for the year above 1326.00 in the wake of this morning’s nonfarm payrolls miss. The yellow metal subsequently retreated into the range, perhaps on profit taking ahead of the long holiday weekend, but dips are likely to be seen as buying opportunities. U.S. nonfarm payrolls rose 156k in August, below expectations of +183k, versus a negative revised 189k rise in July (was +209k). The unemployment rate ticked up to 4.4%. Expectations were for st
Friday, September 1, 2017
Alasdair Macleod - Finance and Eco.
See no evil, speak no evil…
The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day:...where do the Fed and the ECB respectively think America and the Eurozone are in the central bank induced credit cycle, and therefore, what are the Fed and the ECB going to do with interest rates? And why is it still appropriate for the ECB to be injecting raw money into the Eurozone banks to the tune of $60bn per month, if the great financial cr
Thursday, August 31, 2017
Mark O'Byrne - gold.ie
4 Reasons Why “Gold Has Entered A New Bull Market” – Schroders
– 4 reasons why “gold has entered a new bull market” – Schroders – Market complacency is key to gold bull market say Schroders – Investors are currently pricing in the most benign risk environment in history as seen in the VIX – History shows gold has the potential to perform very well in periods of stock market weakness (see chart) – You should buy insurance when insurers don’t believe that the “risk event” will happen – Very high Chinese gold demand, negative global interest rates and a weak d
Thursday, August 31, 2017
Thorsten Polleit
Mario Draghi’s Fatal Conceit
On 23 August 2017, the president of the European Central Bank (ECB) gave a speech titled “Connecting research and policy making” at the annual assembly of the winners of the Nobel Price for Economics in Lindau, Germany.1 What Mr Draghi talked about on this occasion — and especially what he didn’t talk about — was quite revealing.Any analysis of the causes of the latest financial and economic crisis is conspicuously absent from Mr Draghi’s remarks. One gets the impression that the crisis came bas
Wednesday, August 30, 2017
Mish - Global Economic Analysis
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious
The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the Phillips Curve Doesn’t Work. A fundamental relationship of mainstream economic theory at the heart of the Federal Reserve’s strategy for setting interest rates has been a poor guide for policy makers for at least three dec
Wednesday, August 30, 2017
USA GOLD - USA Gold
Gold pushes above $1,300 as dollar wavers in Harvey’s wake
MarketWatch/Rachel Koning Beals/08-28-17 Gold futures pushed above the closely watched $1,300-an-ounce line in Monday trading as the still unfolding devastation—including the economic toll—from Hurricane Harvey pressured the dollar and stocks. …The moves for gold and the greenback—which often trade inversely as changes in the U.S. unit‘s value can influence the attractiveness of gold to holders of other currencies—came on the heels of a speech by Federal Reserve Chairwoman Janet Yellen last week
Monday, August 28, 2017
Frank Shostak
  What Is the Liquidity Trap?
Some economists such as a Nobel Laureate Paul Krugman are of the view that if the US were to fall into liquidity trap the US central bank should aggressively pump money and aggressively lower interest rates in order to lift the rate of inflation. This Krugman holds will pull the economy from the liquidity trap and will set the platform for an economic prosperity. In his New York Times article of January 11, 2012, he wrote,If nothing else, we've learned that the liquidity trap is neither a figmen
Monday, August 28, 2017
Phoenix Capital - Gains Pains & Capital
Hidden Forces of Economics, Gold Silver Report 27 Aug 2017
We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say. We will not offer our guess as to whether this is true. Instead, we want to point out something that should be self-evident. If big money is soon to come in, and presumably drive the price up to whatever new height—perhaps even the magic $1,000,000—what
Monday, August 28, 2017
Keith Weiner - Monetary Metals
Hidden Forces of Economics, Gold Silver Report 27 Aug 2017
We have noticed a proliferation of pundits, newsletter hawkers, and even mainstream market analysts focusing on one aspect of the bitcoin market. Big money, institutional money, public markets money, is soon to flood into bitcoin. Or so they say. We will not offer our guess as to whether this is true. Instead, we want to point out something that should be self-evident. If big money is soon to come in, and presumably drive the price up to whatever new height—perhaps even the magic $1,000,000—what
Monday, August 28, 2017
Alasdair Macleod - Finance and Eco.
Gold – crossing the Rubicon
Gold is challenging the $1300 level for the third time this year. If it breaks upwards out of this consolidation phase convincingly, it could be an important event, signalling a dollar that will continue to weaken.The factors driving the dollar lower are several and disparate. The US economy is sluggish relative to the rest of the world, the rise of Asia from which America is excluded is unstoppable, geopolitics are shifting away from US global dominance, and the end is in sight for monopolistic
Sunday, August 27, 2017
Mark O'Byrne - gold.ie
The Truth About Bundesbank Repatriation of Gold From U.S.
– Bundesbank has completed a transfer of gold worth €24B from France and U.S. – Germany has completed domestic gold storage plan 3 years ahead of schedule – In the €7.7 million plan, 54,000 gold bars were shipped and audited – In 2012 German court called for inspection of Germany’s foreign gold holdings – Decision to repatriate from Paris and New York was ‘to build trust and confidence domestically’ – 1,236t or 37% of German holdings remain in New York Fed facility – Bundesbank wants to hold gol
Friday, August 25, 2017
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