Clipper Round the World Yacht Race sailors veering from austerity to global QE bid July 14, 2014 Clipper Round the World Yacht Race sailors were splashing the champagne about as they arrived back in London over the weekend after a 40,000 mile round the world race. With entrants from firms including Goldman Sachs, UBS, Credit Suisse and HSBC, critics might label this sprinkling of sparkling as City excess. But organisers [...]
Fed minutes: QE stimulus to end in October July 9, 2014 The US Federal Reserve plans to end its program of quantitative easing in October according to minutes released from meetings in June. US markets dipped briefly on the news but quickly moved higher. The end of the bond buying program which began in September 2012 has already slowed by $10bn each month and the US [...]
Here’s what Morgan Stanley thinks ECB QE might look like May 12, 2014 It's clear that the European Central Bank knows it has a disinflationary problem. Today, a global investor poll conducted by Bloomberg finds that 74 per cent of participants see deflation as a greater risk to the region than inflation. While headline Eurozone inflation remains positive, that aggregate measure masks the member states already suffering from [...]
How QE has harmed the economy April 7, 2014 LET ME begin with a confession. I admire former Fed chair Ben Bernanke for undertaking quantitative easing (QE) back in 2008. It was a brave decision, which involved taking a bold step across an unknown monetary horizon. It was also the right decision for the time, as it prevented the money supply from collapsing – [...]
Fed in no rush to taper but QE is losing force January 8, 2014 MOST of the Federal Reserve’s rate-setting board now believe that the positive effects of quantitative easing are diminishing as purchases continue, while insisting they were in no rush to speed up the new tapering programme. “A majority of participants judged that the marginal efficacy of (QE) purchases was likely declining as purchases continue,” according to [...]
$1.6 trillion: The shocking amount governments have gained from quantitative easing November 13, 2013 HALF a decade of rock-bottom interest rates and loose monetary policy have delivered an astonishing windfall to governments around the world, dramatic new research released today reveals. By contrast, older savers with significant assets have been hammered, losing out on huge amounts of interest. Younger households, which are net borrowers have benefitted. While contrary to [...]
Fed QE taper fears on hold for now October 21, 2013 But a subsequent rally in global equities may be short-lived given the lingering uncertainties Global equities traded close to five-year highs yesterday, in part buoyed by expectations of a delay to the Federal Reserve’s tapering of its quantitative easing (QE) programme. The MSCI world index rose 0.7 per cent before dropping slightly, and the FTSE [...]
Carney says no longer case for QE September 27, 2013 Speaking optimistically about economic recovery Bank of England governor Mark Carney has said there's no case for more quantitative easing, in an interview with the Yorkshire Post today. Following the interview, the pound moved up swiftly against the dollar. More details and analysis available on the liveblog.
Fed’s Stein would have backed QE taper in September meeting September 26, 2013 FED BOARD member Jeremy Stein suggested yesterday that he would have been happy if the tapering of QE had begun in September. In a Frankfurt speech, Stein said: “I would have been comfortable with the FOMC’s beginning to taper its asset purchases at the September meeting.” Stein added that the most important element of tapering [...]
Ben bottles it as Fed rejects QE tapering September 18, 2013 Stock markets surge as the US Federal Reserve decides not to start rolling back its easy money scheme US treasury yields dive and gold prices rocket after the shock move to wait at least another month Janet Yellen is now the favourite to take over from Fed chairman Ben Bernanke once he leaves his post [...]