As the world is now fully aware, The BOJ surprised markets in January when it set a –0.1% rate on some deposits that banks place at the central bank, effective from mid-February. Its move was designed to encourage banks to lend more, spurring higher spending and inflation. Things are not working so well...
And now, as The Wall Street Journal reports, some are already doubting the policy...
Submitted by Peter Schiff via Euro Pacific Capital,
Russian combat equipment used in Syria did have many drawbacks but the successful mission by the Russian Aerospace Troops has helped increase arms exports. During an annual televised Q&A session president Vladimir Putin vowed to examine the many drawbacks that had surfaced in the operation of Russian combat equipment in Syria. “I shall be honest, there are many of them. Everything is now carefully being examined by experts.“ Putin mentioned that demand for Russian weapons have increased worldwide forcing the opening of new manufacturing plants, putting Russia second behind the U.S.
Authored by Danielle DiMartino Booth, former adviser to Dallas Fed's Dick Fisher
Volcker, Greenspan, Bernanke and Yellen.
Which one does not belong? Logic dictates that Volcker should have been odd man out. After all, there is no legendary “Volcker Put.”
Gold and Silver Are Manipulated
Deutsche Bank admitted today that it participated with other big banks in manipulating gold and silver prices.
In 2014, Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals trading, particularly with silver. Reuters reported: