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recent central bank announcements may not be enough

Uncategorised, World economy 12th August 2019

With current inflation levels, recent central bank announcements are better than nothing, but may not be enough

Miguel Navascués | Central banks announcements are better than nothing, but may not be enough. In my opinion, the central message of Keynes is that, for those taking investment decisions, the future cannot be reduced to a risk calculus formula, because there is always a zone of uncertainty (by definition incalculable) which influences spending decisions: consumption, but, above all, productive investment.

soft landing - central bankers´ holy grail

World economy 9th August 2019

A soft landing: time to give up on central bankers´ holy grail?

A soft landing is the Holy Grail of central bankers. The glory that accrues from avoiding the economic costs of a recession by skilful manipulation of interest rates. But do such efforts to avoid, or mitigate, recessions simply store up trouble for the future? Does seeking to avoid a recession simply lead to a worse recession in the future?

Central Banks currencyTC

Markets 6th July 2019

Markets, Where is the good summer mood?

DWS | June was dominated by surprisingly dovish central banks, which lifted some equity markets to new highs and pushed some bond yields to new lows. But the joy is not untroubled.

Federal Reserve

World economy 29th March 2019

The US: Monetary Socialism

Pablo Pardo (Washington) | If in any country the word “socialist” is an insult, it is in the US of 2019. “Socialism” has become the war cry of the Republican party against the opposition Democrats, who control the House of Representatives, in large part because the media star of this party in the Congress, Alexandria Ocasio-Cortez, describes herself as a “democratic socialist”.

From El Padrino pizzas to the Federal Reserve

World politics 25th February 2019

From The Godfather pizzas to the Federal Reserve

Pablo Pardo (Washington) | Donald Trump could nominate Herman Cain, an eccentric businessman who has accumulated various scandals and a questionable economic baggage, as a board member of the Federal Reserve. Cain is famous for having directed the El Padrino pizza chain and also for having been a senior executive at Burger King.