Tag Archives | Fed tapering

Central Banks Chase The Inflation Illusion

By John Richardson

IT was Milton Friedman who famously said “inflation is always and everywhere a monetary problem”.

This widely accepted economic wisdom is based on the following premise: Excessive expansion of the money supply is inherently inflationary.

And so …

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The US Patient Needs An Operation

By John Richardson

THE Fed’s quantitative easing (QE) programme hasn’t worked because, to use an analogy, it has been equivalent to pumping drugs into a patient that needs major surgery in order to fully recover.

A steady flow of drugs …

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China: Sweat The Lending Data

 

By John Richardson

AS business slowly gets back to normal following the Lunar New Year, everyone will be scrabbling around for indications about whether the January downturn in China was just a short-term blip, or something more significant.

Confidence …

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Western Demand Still Weaker

By John Richardson

AS the euphoria over the Fed’s measured tapering echoes through global equity markets, many people at certain points on the continuum - which we described in detail earlier this week - will be happy.

Perhaps for the …

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Oil Market Risks For 2014

By John Richardson

PAUL Satchell, the UK-based chemicals analyst with glob investment bank Cannacord Genuity wrote  in his December Volume Proxy* report, which was released earlier this month: “It has long been our opinion that real demand fundamentals in commodity …

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