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Interest Rates

Punishing Traders for What Central Bankers Do All the Time

Bloomberg is reporting the fate of Christian Bittar who was the top trader at Deutsche Bank AG. He earned a bonus of $126 million in 2008 for betting that as the...

Counter Party Risk – The Truth

Counter-Party Risk   Last week (2nd of February, 2018) ESMA (European Securities and Markets Authority) published the results of its second EU wide stress test...

Interest Rates Up & Bonds Up?

While the Fed may be raising rates, there is still a flight to quality underway that is giving a bid to US Treasury issues. Low Treasury yields may remain the norm...

The End of Quantitative Easing – Perhaps Now It Will Be Inflationary?

One of the greatest monetary experiments in financial history has been the global central bank buying of government debt. This has been touted as a form of “money...

The Fed Raises Interest Rates & Markets Rally!

The stock market, gold, silver, and oil all rallied when the Federal Reserve delivered the widely expected increase in its benchmark interest rate on Wednesday, the...

Fed & Interest Rates

James Bullard, president of the St. Louis Fed, in a March 3, 2017 interview with the Wall Street Journal, “The recent data aren’t that different from what...

Why the Fed Needs to Raise Rates

I have warned that rates will rise BECAUSE the Federal Reserve will be criticized if they fail to do so when they are faced with a stock market that is rising....

The Coming Crisis in Central Banking

  The question of when will central banks fail is a popular one that comes in. Suffice it to say, the turmoil will hit Europe first. While so many people blame...

Rogoff: An Elitist Who Has No Respect for the People

Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard University. Rogoff calls critics of negative interest rates “ignorant” despite...

Bonds & Climate Change

QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in bonds perfectly and called it a major high. I have to say, the system you have created...