The Bank of Canada is ignoring the risks Published by Hilliard MacBeth on Nov 26, 2021 Recently the Deputy Governor of the Bank of Canada, Paul Beaudry, made a speech about the resilience of the Canadian financial system. He discussed several serious vulnerabilities threatening the system but claims that financial institutions will be fine... Read more
Gold could be a hedge against a Fed-induced financial crisis Published by Hilliard MacBeth on Nov 19, 2021 Gold bullion and gold mining shares are about as depressed as they ever get in relation to bonds and stocks. Gold and gold mining equities used to be considered a hedge against inflation and the debasement of paper money. With the Fed reluctant to take... Read more
The Federal Reserve ignores the biggest risk to the economy Published by Hilliard MacBeth on Nov 10, 2021 The Federal Reserve issues a financial stability report twice a year that assesses the resilience of the financial system and highlights near-term risks. Is the Fed failing to see the biggest risk? As the report says, “In an unstable financial system... Read more
The Fed risks triggering another taper tantrum Published by Hilliard MacBeth on Nov 04, 2021 The Federal Reserve announced that the quantitative easing (QE) program that has been in place for more than a decade will be phased out gradually. In 2013 when the Fed tried to exit the QE program the markets threw a tantrum, government bond yields jumped... Read more