intervention

Again?

By |2017-03-20T17:39:22-04:00March 20th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is more than interesting that Herbert Hoover has become the modern ideal of the liquidationist. In these very trying times, one is either that or a Keynesian, Hoover’s supposed opposite, an interventionist who believes there is no good in any recession or deflation at any time. To “prove” the superior foundations of the latter, the ideological associates of that [...]

PBOC’s Financial Liberalization Path

By |2015-08-30T18:00:14-04:00August 30th, 2015|Federal Reserve/Monetary Policy|

Here is a small piece from our strategic macro research partner, MRB, on what some may have missed in the People's Bank of China move Tuesday. Yes rates and reserve requirements were cut to combat the tightness in financial markets stemming from a combination of lower nominal growth and higher expected future cost of capital. But the central bank also [...]

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