OECD Warns Fed, BOJ, ECB of Asset Bubbles, “Risks to Financial Stability,” Pinpoints US Stocks & Real Estate

http://wolfstreet.com/2016/09/21/oecd-warns-fed-boj-ecb-of-asset-bubbles-risks-to-financial-stability-pinpoints-us-stocks-real-estate/

Financial instability risks are rising, including from exceptionally low interest rates and their effects on financial assets and real estate prices.”

Low interest rates underpin widespread and substantial increases in asset prices, both internationally and across asset classes, which increases the likelihood and vulnerability of a sharp correction in asset prices.

A reassessment in financial markets of interest rates could result in substantial re-pricing of assets and heighten financial volatility even if interest rates were to remain below long-term averages.

This is as close to code speak by financial authorities that markets are about to crash.

"QE Benefits Mostly The Wealthy" JPMorgan Admits, And Lists 8 Ways ECB's QE Will Hurt Everyone Else

It took JPMorgan six years to figure this $hit out?  That QE benefits the wealthy--at the expense of the masses?  Really?  Thanks for that breakthrough insight for the geniuses at JPMorgan.

http://www.zerohedge.com/news/2015-01-24/qe-benefits-mostly-wealthy-jpmorgan-admits-and-lists-8-ways-ecbs-qe-will-hurt-everyo

SocGen Explains That Since The ECB's QE Will Fail, It Will Need To Be Increased To €3 Trillion, Include Stocks

And to think that SocGen would point to Japan as the shining example of the Keynesian experiment as a success?

http://www.zerohedge.com/news/2015-01-22/socgen-explains-ecbs-qe-will-fail-it-will-need-be-increased-%E2%82%AC3-trillion-buy-stocks

In Shocking Move, ECB Cuts By 10 Bps, Sends Deposit Rate Further Into Negative Territory

Negative yields translate to a subtle form of bail-in, where depositors/account holders are taxed for parking their money.  Negative yields also completely dismantle the capital asset pricing models, rendering future valuation and risk assessment as useless.  As a result, asset bubbles are forming globally, and the concept of "riskless return" is obsolete.

Economics textbooks have to be re-written, as we live in a financial world which is upside down--literally.  These "extraordinary" monetary interventions are unprecedented and will no doubt end in tears.

http://www.zerohedge.com/news/2014-09-04/shocking-move-ecb-cuts-10-bps-sends-deposit-rate-further-negative-territory

ECB's Visco: negative deposit rates would be effective

What valuation model does one use in a negative interest rate environment?  Whichever methodology is used, asset prices MUST fall with interest rates below zero.  Check your equations.


http://uk.reuters.com/article/2013/05/13/uk-ecb-visco-depositrates-idUKBRE94C07E20130513

Former US Treasury Official - Banks Move To Enslave Humanity

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/23_Former_US_Treasury_Official_-_Banks_Move_To_Enslave_Humanity.html

US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions

I saw this coming a mile away.  It was only a matter of time before monetary authorities would target alternative currencies like BitCoin.  They've been bombing physical gold and silver for decades, so crushing virtual currencies was a natural progression.  Good luck, BitCoin.  You're going to need it.

http://www.zerohedge.com/news/2013-03-21/us-begins-regulating-bitcoin-will-consider-virtual-transactions-money-laundering

ECB's Weidmann On Gold: "Money Is A Social Convention"

http://www.zerohedge.com/news/2012-10-14/ecbs-weidmann-gold-money-social-convention

Bank of Japan, ECB and Fed in a “Race to Debase” Says Kilburg

http://finance.yahoo.com/blogs/breakout/bank-japan-ecb-fed-race-debase-says-kilburg-113550179.html

Bond sceptic caught between devil and ECB

http://www.ft.com/intl/cms/s/0/558d7996-01af-11e2-8aaa-00144feabdc0.html#axzz26vY9naI6

Name The New Reserve Currency: China Imports More Gold In 2012 Than All ECB Holdings

The writing has been on the wall.  Whether Americans choose to read it is another story.

http://www.zerohedge.com/news/name-new-reserve-currency-china-imports-more-gold-2012-all-ecb-holdings

As enthusiasm for gold returns, all eyes turn to Fed

As usual, the mainstream media is wrong, and even gold bulls are only partially correct.  Not only have the ECB and the US instituted QE, but so have other central banks, most notably China.

http://www.theglobeandmail.com/globe-investor/investment-ideas/as-enthusiasm-for-gold-returns-all-eyes-turn-to-fed/article4525281/

Greyerz - The ECB Move, $4,000 - $5,000 Gold & $150 Silver

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/6_Greyerz_-_The_ECB_Move%2C_%244%2C000_-_%245%2C000_Gold_%26_%24150_Silver.html

Critical Changes Impacting The Gold & Silver Markets

The Fed is gambling that money grows on trees, and hoping to maintain its poker face as to not tip off markets.  But the strain of the continuing financial crises is showing up in Bernanke's visage, as it's becoming increasingly difficult to mask the desperate money-printing policies.  There will be coordinated QE among the Fed, ECB and other over-indebted central banks to stave off the next crisis.  They just need a crisis to justify the bazookas, in another attempt to "save" the world economy.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/2_Critical_Changes_Impacting_The_Gold_%26_Silver_Markets.html

We Are Staring At Economic Destruction & Soaring Inflation

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/1_We_Are_Staring_At_Economic_Destruction_%26_Soaring_Inflation.html

Gold, Jim Grant, Bernanke, Draghi & A Collapse In Confidence

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/8/27_Gold%2C_Jim_Grant%2C_Bernanke%2C_Draghi_%26_A_Collapse_In_Confidence.html

Draghi Says ECB Will Do What’s Needed to Preserve Euro: Economy

This is the sole reason markets rallied today.  Let's see what German Chancellor Angela Merkel has to say in response.  Methinks she will take the punch bowl away.

http://www.bloomberg.com/news/2012-07-26/draghi-says-ecb-to-do-whatever-needed-as-yields-threaten-europe.html

Draghi May Enter Twilight Zone Where Fed Fears To Tread

http://www.bloomberg.com/news/2012-06-26/draghi-may-enter-twilight-zone-where-bernanke-fears-to-tread.html

European Central Bank President Mario Draghi is contemplating taking interest rates into a twilight zone shunned by the Federal Reserve. 

While cutting ECB rates may boost confidence, stimulate lending and foster growth, it could also involve reducing the bank’s deposit rate to zero or even lower. Once an obstacle for policy makers because it risks hurting the money markets they’re trying to revive, cutting the deposit rate from 0.25 percent is no longer a taboo, two euro-area central bank officials said on June 15.

Ponzi Comes Full Circle: ECB Will Rate Sovereign Bonds It Accepts As Collateral

http://www.zerohedge.com/news/ponzi-comes-full-circle-ecb-will-rate-sovereign-bonds-it-accepts-collateral

Update On The "Non-Printing" ECB's Parabolically Rising Balance Sheet

This is just massive QE in disguise by the ECB.


http://www.zerohedge.com/news/update-non-printing-ecbs-parabolically-rising-balance-sheet