central bank

“There's an obvious feedback loop between post-crisis regulation and what central banks have been trying to do. In fact, you might argue they're at cross purposes.”

“Central banks, with the exception of the Bank of Japan, have been signaling for a year or more that they are trying to reactivate financial markets, and financial markets don't want to hear it.”

“Keynesians generally don't have anything to do with the economics of Keynes. They think it's always an emergency, so they're always trying to stimulate, and then when you have a real emergency, they're out of ammunition and can't do much of anything.”

“We are basically doing it by borrowing from future generations. And that's what we did during the Lehman crisis. We really struggled to bring it back to normal, and then we got the, another pandemic hitting the market, and we are repeating it again. So I'm jus…”

“Central banks, in their zeal to destroy volatility, they've created so much correlation that it's really hard to find anti-correlation is kind of a way to think about it.”

“We no longer really have independent central banks. They're working together with treasury, and politicians are looking at that as a solution right now, and inflation hasn't taken off.”

“You look at central banks around the world and they're all pledging to do roughly the same thing. That will continue to buoy assets and assets in the form of gold, in the form of Bitcoin, in real estate, and in equities.”

“Now I think people who work at central banks want to avoid recessions really at all costs. And that means they throw everything at it to avoid it. And when we're in it, we just saw unprecedented act after unprecedented act. So cycles are short. So you're not g…”

“Central banks talk a lot to each other. I never really understood how much they do speak to each other, especially now through the BIS, they meet quite frequently and they do share ideas and thoughts.”

“I'm afraid what that has probably done is reset expectations of what fiscal policy can do and how it can be deployed in future downturns. So now it's out of the box. Fiscal policy is probably going to be more proactive and generally stimulative. And that makes…”

“Then I think we are in a long-term bull market in gold. I think we're seeing reserve accumulation by central banks. I follow it closely. It's my biggest position.”