Central banks


The Fed's Second Consecutive Monetary Policy Mistake

Published by Laurent Maurel | Sep 20, 2022 | 9240

The Fed's first mistake was to miss the start of inflation. We may now be witnessing the second mistake: in trying to create a useful recession to fight inflation, the US central bank is ignoring the unprecedented and irreversible impoverishment that the sudden rise in rates threatens to create.

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Bond Market Illiquidity Creates Systemic Credit Risk

Published by Laurent Maurel | Sep 14, 2022 | 6469

The bond issue risks complicating the liquidity of the US Treasury market.The risk is that they will lose their status as a reserve asset, which would create a systemic risk. The confidence in the value of US debt is at stake. In this perspective, the purchase of physical gold becomes very important...

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Supply and Demand Sensitivity of Physical Gold

Published by Thomas Andrieu | Sep 13, 2022 | 8385

How does the price of gold coordinate the players in the gold market? Investors, miners, central banks, funds, individuals, etc. How has the behavior of each of these agents been historically influenced by the price of gold? This question is rarely asked by market specialists and yet deserves to be...

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