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Polish Central Bank Joins 2015 Rate Cutting Party – Ep. 58

March 4th, 2015|0 Comments

Poland became the 21st country to lower interest rates this year
New record low to 1.5%
Polish economy is strongest in three years
Growing faster than the U.S. economy
Policy conundrum: what is inflation target?
Low inflation stimulating Polish economy
Yet Central Bankers look to illogical Keynesian textbooks
Where is the evidence that deflation is undermining the economy?
There is no magical point where a good thing becomes a bad thing
If they overcompensate and weaken the economy, they will be raising interest rates on an already weak economy
Poland could afford to raise rates, however, if this policy fails, because their debt is low
U.S. debt is so high, we […]



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Scott HalversonIt's a race to "debase currency"...China did it, and is having the worse growth in 20 yrs7 hours ago   ·  3
Rolo Tomasimuh rates!!!!! without government, who will cut the rates??????7 hours ago   ·  2
Christiane LewellynWhat the music at the beginning of your show ?2 hours ago
Maciek Matthewoh and Marek Belka (Poland's Janet Yellen) is a socialist. As a matter of fact he is from the far left party (as far left as you can go) that was founded by the ex communist politicians in Poland.6 hours ago
Maciek MatthewPoland's national debt is +/- 60% of GDP. Thats way lower than other countries in Europe and lower than the US ratio but still thats a big interest payment they have to make so I am guessing thats the real reason behind the 50 basis point cut.6 hours ago
Nikolay KondratieffPeter , those freaks are doing everything possible to ensure a massive collapse of society for some reason . Do you think they are just THAT stupid or everything is pre-planned and the economic collapse is just a way to fulfill their plan to reduce the population ? I am sure you have looked at the human population chart and the rise of capitalism . They RISE together and since capitalism is GONE and only a debt bubble is left , I am getting really worried . Also , the masses are leaning more and more towards communism as they percieve the current system as being capitalistic which obviously its not ... but their perception is just dead wrong .2 hours ago
Krzysztof MachYes - they announced today or yesterday. And also I read an article written by someone working for OFE (retirement funds) that government has already eaten through half of the money they stole from OFE last year (billions of dollars). Nice, huh?7 hours ago   ·  3
Ilona Magdalena MuszyńskaAll what is good in Polish economy is thanks to determination of people and not a government policy. We make business even if we do it in an unfriendly environment /complicated tax regulations, too high taxes, economical risk etc/, millions of us work abroad and transfer money to Poland to invest or for a consumption. We support our country but we still meet problems created by politicians.8 minutes ago
Jake HernandezLol! "How many Polish Central Bankers does it take to lower interest rates?" Wait, Central Polish bankers? No North or South Poles?6 hours ago
Jason BurtCaureen Burt Miller, it seems governments are pretty dedicated to cutting rates until forced not to.5 hours ago

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Toma Jafry, Muhammad Abdullah Atta Irhaabi and 23 others like this

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Frédérick TêtuPeter: I just came up with an expression that sums up much of your analysis of the past few years: ''the US economy is being photoshopped''.2 days ago   ·  8
Jim TomborThere are some real companies in tech just like in late 90s, but when you see a company sold for $19B with $30M in revenues (What's Ap), the feel of the late 90s is hard to ignore. What makes now different than late 90s is 6 years of 0% interest rates and $4T of freshly printed money. To say there won't be a price to pay for both is not seeing through the creation of the excess. Just like most people didn't see the housing excess 10 years ago, this will end the same way, just much worse.2 days ago   ·  6
Christopher AdamsIt's different this time.2 days ago   ·  5
Danny DevlinAt 300 I said bitcoin was over priced, at 400 I did too, and 500, 600. 700. 800. 900, 1000 and especially at 1100. I hope you all cleaned up on my sell it at 300 advice, as it's now 250! ..... That's straight out of Peter Schiffs advice playbook! .... now I can say "I called it right"2 days ago   ·  5
Jeremy DavidsonJust keep the sheep thinking the money is real and the game continues.1 day ago   ·  1
Jim PC HendonSure but who could honestly say the markets are not being manipulated? It may not be when the bubble busts but when the curtain falls in the land of Oz.2 days ago   ·  1
Adam RussellPeter, talk about negative interest rates amd why they can or can't exist.2 days ago   ·  1
Marlon G. CunhaPeter is looking the big picture, meanwhile this others traders is just looking the small one.2 days ago   ·  1
許景竤at least, they are better then weatherman.2 days ago
Jason DotsonOf course its a bubble.1 day ago
Cesar RosalesYes2 days ago
Steven MolaskeyI like the analogy, either look like a fool before the bubble pops or after.16 hours ago
Greg DavenportBull bear spread is at crash levels, historically speaking anyway. I bet the naz pulls back at least 10% before it it's 5200. We're into resistance.... A pullback would open the door for qe4. Makes sense to me.2 days ago
Joe GaffneyWould it be at 5,000 without Fed fueled asset inflation? Then it's a Fed induced asset bubble not based on fundamentals.1 day ago
Danny Devlin"Peter Schiff made a great call 9 years ago" ..... says it all.2 days ago
Jake HernandezThat guy was partially right. Even in bad economic times, innovations don't stop. But the best innovations and sometimes even the fastest rates in technology improvement happen after recessions, not during booms.7 hours ago
John LexineYes it is a bubble1 day ago
Paul Butleryou are right on the money peter, 100%2 days ago   ·  2
Albert DileoThe Dow is a huge bubble as well.2 days ago   ·  1
Kenyon Lee KrauseSuper high and based on cheap fake money, once again.2 days ago   ·  1
Paul Butlerthis guy has cashflow of worthless dollars in a year or two2 days ago   ·  1
Stephen Woenker^^^^2 days ago
Albert DileoGreat show today Pete, and the parade of bad news continues2 days ago
Albert DileoOf course2 days ago
Michael Smithhigher numbers don't make our lives better, a higher standard of living does. is your standard of living higher now or 5 years ago?1 day ago

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