Tag Archives: Germany

“At the end of the day, negative interest rates are taxes in sheep’s clothing. Few economists would ever claim that raising taxes on households will stimulate spending. So why would they think negative interest rates will?” Those are the shocking words of St.Louis Fed Director of Research Christopher Waller whose brief note today will be required reading for everyone at The Bank of Japan, The ECB and every other central banker on the verge of NIRP… If you pick up any principles of...

Submitted by Soren Kern via The Gatestone Institute, A 20-year-old asylum seeker from Iraq confessed to raping a 10-year-old boy at a public swimming pool in Vienna. The Iraqi said the rape was a "sexual emergency" resulting from "excess sexual energy." Those who dare to link spiraling crime to Muslim mass migration are being silenced by the guardians of Austrian multiculturalism. According to data compiled by the Austrian Interior Ministry, nearly one out of three asylum seekers in...

Just after sunrise on April 19, 1775, a large contingent of British military troops arrived to the town of Lexington, Massachusetts. They were under orders to search for and confiscate all weapons and munitions from the colonials– something the British army had done countless times before. In many ways it was a routine operation. And yet, that morning, roughly 80 local militiamen stood blocking their path. Paul Revere had ridden through Lexington only hours before to warn residents of the...

My name is noMy sign is noMy number is noYou need to let it goDebt relief is noGerman stimulus is noECB  easing is noYou need to let it go  German Finance Minister Schaeuble appears to have taken on a new role:  chief obstructionist.  Schaeuble seems to be reveling in the fact that due to Chancellor Merkel’s immigration stance, and perhaps also because of her accommodation of Turkey, her public support has fallen below his.   According to a recent ZDF poll, Merkel is now the fifth most...

According to The BBC, the most asylum claims in 2015 occurred in Germany, which saw >500,000... With the main route (reportedly shut down) being from Turkey to Greece, and up through the Balkans... With Syrians making up the bulk of migrants trying to enter Europe. But now, in response to Balkan countries closing down traditional migrant routes to Europe, Switzerland's military is taking steps to prepare for a potential new wave of immigrants in case it becomes part of a new route....

Banks have been lobbying intensively against Brexit. Among those leading the charge is Goldman Sachs. For three years, the bank’s executives have publicly warned about the downsides of leaving the EU... and now we know why (hint - it's not concern for the common man). As The Wall Street Journal reports, about a decade ago, Goldman launched project “Armada,” a plan for a hulking European headquarters on the site of an old telephone exchange in London. Unbundling this kind of structure...

The Bank of Japan and the ECB are assisting me in teaching the world’s savers, banking clients and corporations about the benefits of blockchain-based finance for the masses. How? Today, the Wall Street Journal published “Negative Rates: How One Swiss Bank Learned to Live in a Subzero World“: Alternative Bank Schweiz AG late last year became Switzerland’s first bank to comprehensively pass along negative rates to all of its customers. Violating an almost religious precept in the financial...

The Bank of Japan and the ECB are assisting me in teaching the world's savers, banking clients and corporations about the benefits of blockchain-based finance for the masses. How? Today, the Wall Street Journal published "Negative Rates: How One Swiss Bank Learned to Live in a Subzero World": Alternative Bank Schweiz AG late last year became Switzerland’s first bank to comprehensively pass along negative rates to all of its customers. Violating an almost religious precept in the financial...

In another quiet overnight session, the biggest - and unexpected - macro news was the surprise monetary easing by Singapore which as previously reported moved to a 2008 crisis policy response when it adopted a "zero currency appreciation" stance as a result of its trade-based economy grinding to a halt. As Richard Breslow accurately put it, "If you need yet another stark example of the fantasy storytelling we amuse ourselves with, juxtapose today’s Monetary Authority of Singapore policy...

With oil losing some of its euphoric oomph overnight, following the API report of a surge in US oil inventories, and a subsequent report that Iran's oil minister would skip the Doha OPEC meeting altogether, the global stock rally needed another catalyst to maintain the levitation. It got that courtesy of the return of USDJPY levitation, which has pushed the pair back above 109, the highest in over a week, as well as a boost in sentiment from the previously reported Chinese trade data where...