Showing posts with label QEs. Show all posts
Showing posts with label QEs. Show all posts
March 03, 2021

Before aiming at any target, central banks must cure their shortsightedness

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Sir, I refer to Martin Wolf’s “ What central banks ought to target ” FT, March 3. With risk weighted bank capital requirements, the regulato...
October 29, 2019

What the Eurozone would need a common budget the most for, is to help rescue many of its members from their huge risky 0% risk weighted sovereign debts.

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Sir, Martin Arnold reports that Mario Draghi, “the outgoing ECB boss repeated his call for eurozone governments to create a sizeable common...
September 16, 2019

Warning! Big Tech might be drawn into a too close too dangerous for us relation with Big Brother.

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Sir, Ms. Rana Foroohar writes: “Whatever their size, the winning companies will be those that are profitable. That may sound obvious, but i...
August 28, 2019

How can Eurozone’s sovereigns’ debts, not denominated in their own national/printable fiat currency, be considered 100% safe?

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Sir, Laurence Fletcher in Tail Risk of August 28, writes: “Yields on German Bunds and other major government bonds have been moving steadi...
August 09, 2019

Before ECB does one iota more, we must get rid of the loony portfolio invariant credit risk weighted bank capital requirements.

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Sir, Rick Rieder writes, “A thoughtful consideration of where and how capital is being applied could have a positive influence that lasts d...
August 07, 2019

Central banks and regulators are wittingly or unwittingly imposing communism by stealth, at least in Japan.

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Sir, you refer to that Bank of Japan’s holdings of government bonds are already at more than 40 per cent of the outstanding stock… and to “...
July 31, 2019

If ECB’s original QEs stimuli had not been distorted by credit risk weighted bank capital requirements, there would be much less need for additional QEs.

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Sir, Claire Jones writes: “EU treaties prevent the ECB from financing member governments by buying their debt, a tactic known as monetary f...
April 27, 2019

Central banks seem not able to tell their magic porridge pot to stop

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Sir, Robert Armstrong, Oliver Ralph, and Eric Platt make a reference to the fairy tale of the magic porridge pot writing “Every working day...
March 02, 2019

Bank regulations placed populist socialism on steroids, but neo-class-wars represent challenges

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Sir, David McWilliams writes:“Mr Bernanke’s unorthodox “cash for trash” scheme, otherwise known as quantitative easing, drove up asset pric...
October 17, 2018

Our banking systems have been made especially fragile, because of especially bad bank regulations.

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Sir, Martin Wolf writes “The world’s economy and financial systems are fragile … the most important source of fragility is political… In co...

Many “independent” central banks, like the Fed and ECB, are behaving as statism cronies

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Sir, Michael G Mimicopoulos, when commenting on your editorial “The long bull market enters its twilight period” (October 13), writes“The d...
September 12, 2018

No coroner has asked for a postmortem examination of the global financial crisis to be performed by a truly independent pathologist.

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Sir, Nouriel Roubini writes:“As we mark the 10th anniversary of the global financial crisis, there have been plenty of postmortems examinin...
July 25, 2018

More important than giving millenials affordable housing, is to help them afford houses. C'est pas la même chose.

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Sarah O’Connor writes, “Home ownership rates for young people have been declining for decades as house prices have detached from incomes.” ...
June 12, 2018

Europe (and the rest of the world) needs to get rid of the distortions produced by QEs and risk weighted capital requirements for banks.

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Sir, Karen Ward, discussing ECB’s asset purchase programme writes: “It’s very hard to get the population to worry about government borrowin...
November 17, 2017

Leonardo da Vinci, smiling, must be harboring great gratitude to the Fed and ECB for helping his Salvator Mundi to become so highly valued.

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Sir, I refer to Josh Spero’s and Lauren Leatherby’s “ Record price sparks hunt for Da Vinci painting buyer ” November 17. Surely Leonar...
October 30, 2017

If kicking the can forward does not come with changing what caused the crisis, it will roll back and trample you

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Sir, Wolfgang Münchau writes: “Herein lies the true tragedy of the ECB asset purchases… the ECB may never be able to stop them’, “ An ailin...
October 12, 2017

Risk-weighted capital requirements for banks favoring the sovereign, artificially lowers the neutral/risk-free rate

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Sir, Chris Giles writes: One “fundamental problem in central banking is that estimates of the neutral rate of interest — seen as the long-t...
September 20, 2017

Risk weighted capital requirements for banks expresses a venomous lack of confidence in the future

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Sir, Martin Wolf writes “the financial crises that destroyed globalisation in the 1930s and damaged it after 2008 led to poverty, insecurit...
August 29, 2017

Crony capitalism, which is really crony statism, includes many crony relations with central banks and bank regulators

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Sir, Mohamed El-Erian writes about Jackson Hole meetings 2017: “The symposium left open questions for markets that, given very profitable a...
August 25, 2017

Free our economies from risk weighted bank capital requirements; foremost from the 0% risk-weighting of sovereigns

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Sir, you write about the “US Federal Reserve and the European Central Bank, facing the relatively pleasant task of withdrawing stimulus aft...