Other Recent Articles
Interest Rates and Inflation
And that’s the point. It is all money in the bank. There is, according to the press, a difference of opinion between Treasury and the Reserve Bank over interest rates and their proper direction.
3Nov2009 | Dr. Steven Kates | 71 comments | Continued
U.S. Government Must Roll Over $3.4 Trillion in Debt Over Next Four Years
And if America can’t find anyone willing to finance its deficits, what then? Well, the luxury of issuing debts in the currency you also print is that you can print money to pay for them. Technically, you can never become insolvent when you enjoy this privilege. The Fed, for example, can create new money to buy debt issued by the Treasury, funding deficits ad infinitum.
3Nov2009 | Dan Denning | 5 comments | Continued
What’s the Best Way to Get Through a Debt Crisis?
For at least a thousand years, the business cycle went round and round without help from central bankers or economists. It is only since these geniuses have been on the case that really serious problems have arisen.
2Nov2009 | Bill Bonner | 4 comments | Continued
The Kind of World the Next Generation Will Inherit
Then, on top of an increasingly worthless currency, Generation iPod also inherits about a quarter of a million dollars each in unfunded Social Security and healthcare obligations…
2Nov2009 | Joel Bowman | 38 comments | Continued
Inflation is Evident If You Just Follow the Money
One quick note about this: there is obviously plenty of inflation in the prices you pay every day. But most consumer price indices are rigged to understate inflation, as our colleague David Evans pointed out yesterday in Canberra at the Gold Standard Institute conference in Canberra. Trimmed medians…hedonic adjustments…
2Nov2009 | Dan Denning | 4 comments | Continued
Emerging Markets in the New World Disorder
In markets, one of the most watched and ongoing match races is the one between Emerging (or developing) Markets and Developed Markets.
30Oct2009 | Chris Mayer | 0 comments | Continued
GDP Number Not an All Clear for Recovery
The big story in markets today is going to be the US GDP number. It was up 3.5% in the third quarter, according to the U.S. Ministry of Commerce…
30Oct2009 | Dan Denning | 16 comments | Continued
Peak Oil – The Rewards
Our story begins with “Peak Oil” – the belief that conventional production of crude has already peaked, and has already slipped into an irreversible decline.
29Oct2009 | Byron King | 0 comments | Continued
Dollar Up, Gold Down
Here in the Far East, the dollar is a particularly curious entity. Once upon a time, the mighty greenback was the best show in town, the “must have” ticket for the rocking Asian economies.
29Oct2009 | Joel Bowman | 0 comments | Continued
Rally in Stocks and Rise in Aussie Dollar is a Result of the Carry Trade
That’s just what happened last year. Only then, it was both a dollar and yen carry trade that led to a rise in Aussie assets. Once the credit crisis set in, the yen carry got dropped and investors fled risk assets and piled right back into the greenback and U.S. Treasuries.
29Oct2009 | Dan Denning | 9 comments | Continued
Australia’s Oil Endgame
