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Tag: BOE

The Bank of England All but Admits Recession

The Bank of England (BoE) all but admitted the UK is officially in a recession. Bank Governor Andrew Bailey stated weeks ago that there was nothing the central bank...

British Pound Falls to 37-Year Low

The Bank of England has admitted defeat, admitting they cannot prevent a recession. The pound fell to the lowest level against the USD on Wednesday afternoon after...

World War III in Financial Markets Begins

As I mentioned on the Private Blog yesterday, the Federal Reserve declared World War III in the financial markets as the European Central Bank (ECB) was on its...

Do Lower Interest Rates Promote Deflation?

QUESTION: Mr. Armstrong; You have said that the only way to reverse the deflation is to raise interest rates not lower them. I understand that the low rates only...