Blog

QE v Managing Benchmark Rates

QUESTION: The Fed buying $60 billion in T-Bills each month is obviously not long-term QE. They are expanding their balance sheet, but this is clearly not the QE as [...]

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The Repo Crisis

QUESTION: Marty; The goldbugs are back and claiming the Repo Crisis is MMT and this is again just printing money endlessly to cover up a major banking crisis in the [...]

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Fed Cuts Rates 25 basis Points

The Federal Reserve, as expected, cut rates a quarter-point. The Fed also warned that further moves to ease interest rate policy may be coming to an end. The rate [...]

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Central Banks Pre & Post-1971

QUESTION: You commented that the central banks had a difficult position when they were on the gold standard compared to post-1971. Could you explain that [...]

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Trump on Interest Rates -OMG!

I have said this many times, when it comes to understanding interest rates Trump is speaking the standard mantra that people apply when it comes to interest rates. [...]

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Stocks Rise with Rising Interest Rates & Fall with Lower Rates

QUESTION: I mentioned that you said the stock market rallies with rising rates and declines with lower rates to an analyst. He said you were wrong and everyone [...]

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Can Government Prevent a Major Debt Crisis?

QUESTION: Hi Martin I recently stumped upon a documentary on Netflix about you and your model. I then went on and watched some YouTube videos. To me it makes [...]

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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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Dollar Contagion & Trump

President Trump just does not understand the dollar. This old school idea that lowering the currency will increase domestic jobs and exports sounds logical, but the [...]

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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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