Blog

Lagarde – ECB – Euro

The central banks are keenly aware that they cannot stimulate economic growth, although they will not state that publicly. The wheel of fortune has completed its [...]

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Negative Interest Rates is the Way to Kill a Reserve Currency

Christine Lagarde said back in August that the European Central Bank still had room to cut rates if needed. However, she added that this could pose a challenge to [...]

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Italy Issuing Debt in Dollars – Not Euros

Italy today launched new debt in US dollars instead of euros in hopes of attracting dollar investors as the euro market continues to show signs of stress. They [...]

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EU Parliament & How they Protect the Bankers

  A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of [...]

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ECB Will Lend to Banks Long-Term in Hopes They Will in Turn Lend Again

Come September, Draghi at the ECB will make loans to Eurozone banks on a long-term basis at rates less than the short-term lending window. The objective is to [...]

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Central Bankers on Their Knees Pleading with Politicians

Our confidential sources are reporting that the Fed, ECB, and BoJ have agreed to lobby politicians in an attempt to warn them that they cannot continue propping up [...]

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Basel III – IMF – Liquidity Crisis

QUESTION: As of today, Basel III comes in effect. Rumour goes that in a couple of months, there will be a lot of turmoil on the market and it would be the start of [...]

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Draghi – The Opportunity & the Nightmare

  I cannot stress enough that Mario Draghi has really destroyed the European economy on an unprecedented scale. I know people who worked on trading desks years [...]

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European Tour – The Calm Before the Chaos?

I am writing from Frankfurt here for meetings ahead of the chaos awaiting the May elections. In Frankfurt, while the economy is clearly slowing, the financial [...]

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Is a U.S. Bank in the EU is Still Under ECB Rules? Why Do Central Banks Still Have Gold?

QUESTION: Dear Mr. Armstrong, I would first like to thank you for all the information you are making available publicly. I have two questions to pose, if you deem [...]

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