Fed, ECB take positions to face the next global financial crisis; the Brits uncovered

The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]

The EU Parliament and the ECB unknowingly or unwillingly fail to protect our financial assets

This week the European Parliament and the European Central Bank rather unknowingly or unwillingly failed to protect the European citizens from the attacks of ‘money sharks’. In two different occasions the two most important European institutions secured the bankers reign on peoples’ money. Let us take one thing at a time. When the average hard […]

Eurozone and Britain heading in different directions

Eurostat, the EU statistical service, confirmed yesterday that its ‘flash estimate’ of September inflation at 1.1% is correct. In a brief Press release, the Service announced that, “Euro area annual inflation was 1.1% in September 2013, down from 1.3% in August. A year earlier the rate was 2.6%. Monthly inflation was 0.5% in September 2013”. […]

ECB will be the catalyst of Eurozone’s reunification

Today Thursday the new governor of the Bank of England, Mark Carney, is expected to confirm from Nottingham, a historic city in east Midlands, that the central bank of Britain is not to raise its basic interest rate from the currently very low level of 0.5%, “until the Labour Force Survey headline measure of the […]

G20 to Germany: Abandon miser policies

Tomorrow Thursday 18 April, the 20 ministers of Finance and central bankers of the largest economies of the planet will meet in Washington DC to discuss and agree on policies over world financial and real economy affairs. The meeting takes place just hours after the International Monetary Fund issued its regular World Economic Outlook (see […]