jgb – Page 3 – Alhambra Investments

From QE to Eternity: The Backdoor Yield Caps

By Jeffrey P. Snider|2020-06-03T18:14:49-04:00June 3rd, 2020|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

So, you’re convinced that low rates are powerful stimulus. You believe, like any good standing Economist, that reduced interest costs can only lead to more credit across-the-board. That with more credit will emerge more economic activity and, better, activity of the inflationary variety. A recovery, in other words. Ceteris paribus. What happens, however, if you also believe you’ve been responsible [...]

There Was Never A Need To Translate ‘Weimar’ Into Japanese

After years of futility, he was sure of the answer. The Bank of Japan had spent the better part of the roaring nineties fighting against itself as much as the bubble which had burst at the outset of the decade. Letting fiscal authorities rule the day, Japan’s central bank had largely sat back introducing what it said was stimulus in [...]

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