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Poloz Prepared to “Nourish” Economy. Translation: He Will Inflate
Poloz thinks it will be necessary to “nourish” the economy. To a Keynesian central banker from the EDC, this means “buy assets” i.e. inflate. The boneheaded idea that this strengthens the economy is...
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Is the Taper a Big Lie?
(UPDATED! See below.) The much-talked-about taper could be nothing more than a big joke. Where is the statistical evidence of the taper? Let’s look at the last 10 years of the Federal Reserve’s balance...
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Bank of Canada’s Balance Sheet: Still Trending Higher
The Bank of Canada has somewhat arrested the rate of growth on its balance sheet. The monetary base has reached a bit of a “plateau” for now, very close to all-time highs from December 2013 ($91.045...
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Bank of Canada Has More Assets Than Ever
The Bank of Canada’s balance sheet is now bigger than ever. The central bank grows fat on the debts created by Ottawa. The rate of growth had slowed a bit in recent months, but the latest data tells us...
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The Central Planning Gambit: Can Central Banks Avoid a Crash?
The Bank for International Settlements put out its annual report on June 29. It says that the recovery is driven primarily by new fiat money generated by central banks. As a result, the pricing of...
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