It’s what we call the Fed’s war on cash. You see, the Fed is driving down yields on government bonds and notes of all maturities quite deliberately. More on what it’s up to below. But it’s not just the Fed that’s pulling out all the monetary stops to float the world on a sea of credit. It’s a now a race to the bottom for central bank interest rates. New Zealand’s central bank cut its main interest rates by a whopping 1.5% overnight…
December 4th, 2008 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "ben bernanke"
We Are All Turkeys, Waiting for the Axe
Ben Bernanke would describe the turkey’s life - with no setbacks - as the product of a “great moderation.” Turkey stockbrokers would assure their clients that nothing had ever gone wrong in the turkey’s life…
November 27th, 2008 | Bill Bonner | 0 comments | Continued
A look at the Federal Reserve
let’s look at what the Federal Reserve is doing… As you’ll recall, the main man at the Fed, Ben Bernanke, has spent almost his entire life studying what went wrong…
November 21st, 2008 | Bill Bonner | 2 comments | Continued
Housing Prices Are Still Going Down
The latest news from America tells us that housing prices are still going down in 4 out of 5 cities. Homebuilders’ wives are hiding the shotguns and pouring out the whiskey…
November 20th, 2008 | Bill Bonner | 6 comments | Continued
We Pity the Fool Who Gets Elected Today
Election Day. Pity the poor fellow who wins. A Swiss banker wrote to tell us that according to his proprietary indicator of World Economic Health “conditions are shown to be some 2.5 times worse” than the last recession…
November 5th, 2008 | Bill Bonner | 1 comment | Continued
Consumer Spending Falls Hard As Consumers Guard Their Wallets
As predicted in this space, many times, consumer spending is falling hard. But what else could it do? Read on…
November 3rd, 2008 | Bill Bonner | 7 comments | Continued
Strong Dollar is in our Nation’s Interest
“I believe that a strong Dollar is in our nation’s interest,” claimed Henry Paulson in his first speech as US Treasury secretary, made at Columbia University two years ago. It’s a phrase he then parroted time and again, repeating the formula first dreamt up by Robert Rubin 13 years earlier.
October 24th, 2008 | Adrian Ash | 0 comments | Continued
Ben Bernanke Pays Homage to Milton Friedman’s Theory
I think it is true “Theatre of the Absurd” that Ben Bernanke, chairman of the Federal Reserve, paid direct homage to Milton Friedman and one of Milton Friedman’s theories, namely that the Great Depression could have been avoided if the Fed had plowed enough money into the economy, by thanking Mr. Friedman, and admitting that the Federal Reserve had made a mistake in the ’30s, and vowing that the Fed would never again make that mistake.
October 21st, 2008 | Mogambo Guru | 5 comments | Continued
A Letter from ‘Alan Greenspan’ About the Deterioration of the U.S. Economy
It’s been quite some time since we’ve run what we call a ‘Classique’ - an essay that we have run before, but one whose idea stands the test of time. And so, today we look back and consider the quickly deteriorating economic situation the United States has found itself in - one which some may say began under one man’s direction. But we’ll let him speak for himself. Take it away, Maestro…
October 17th, 2008 | Bill Bonner | 8 comments | Continued
Cool Change in Commodities
Nothing has been moderate about the commodities boom. You’ve had booming demand in China, soaring prices on the resource markets, and vast new fortunes in Australia. Add to the list a bitter little one-week correction…
March 21st, 2008 | Dan Denning | 9 comments | Continued