Mr. Bernanke is fiddling the levers again, promising to keep rates lower than a sea snake’s belly until 2014. America’s #1 central banker may well be highly intelligent…but that does not preclude him from also being a dunce.
January 27th, 2012 | Joel Bowman | 0 comments | ContinuedAll Posts Tagged With: "bernanke"
6 Things Governments Might Do To You This Christmas
The break over Christmas is a pretty convenient time for politicians to spring something unexpected on you. Well, unexpected for those who don’t read the Daily Reckoning, that is.
So here is a list of things the governments of the world might unleash on you and your portfolio over the holidays:
December 24th, 2011 | Nickolai Hubble | 7 comments | Continued
Shadow Banking and The Golden Pyramid
Yesterday in our article about gold’s price going down we discussed gold and the shadow banking system. Today we’ll explain how it all fits together and what it means for the markets and your investments.
December 16th, 2011 | Greg Canavan | 2 comments | Continued
What’s Under Bernanke’s Kilt?
On Wednesday, perverted central bankers went well beyond showing the markets some leg to tempt investors into buying. Instead, Bernanke and his prurient friends at the central banks of Europe, Japan, Switzerland, England and Canada full on flashed investors.
December 3rd, 2011 | Nickolai Hubble | 1 comment | Continued
Capitalism the Washington Way
Survivors of concentration camps report that the secret to staying alive was often simple: those who were near the kitchen made it; those who were not didn’t.
In our modern, degenerate form of capitalism the secret is the same: you want to be near the kitchen…the place where the food is handed out. You want to be near the government. That’s why there are so many lobbyists in Washington.
November 17th, 2011 | Bill Bonner | 0 comments | Continued
US Economy Slows… Again
The US economic forecast seems hardly to be improving. Even the Fed says the sky is getting darker.
November 4th, 2011 | Bill Bonner | 0 comments | Continued
Bernanke Drops the Ball Again
Notwithstanding some important steps forward, however, as we return once again to Jackson Hole I think we would all agree that, for much of the world, the task of economic recovery and repair remains far from complete… Central bankers alone cannot solve the world’s economic problems.
September 21st, 2010 | Rob Parenteau | 0 comments | Continued
Where Debt Goes to Die
But the meandering action in the markets has caused us to step back and assess where we are at in the whole scheme of things (other than level one of an office on Fitzroy Street in a wintery St Kilda, nibbling at a chicken and bacon sandwich). Financially and historically speaking, we’re into phase two of a global debt crisis brought about by the fraud that is fiat money.
June 29th, 2010 | Dan Denning | 76 comments | Continued
The Correction Won
We refer to Bernanke, Summers, Obama, Geithner, Krugman – the whole lot of them. They added three trillion dollars to US debt in the last two years. In two more years the debt will be at 100% of GDP. Add in the debts they’ve guaranteed – from Fannie Mae, for example, and state and local debt implicitly backed by the feds – and you’re already at 150% of GDP. Worse than Greece, in other words.
June 10th, 2010 | Bill Bonner | 0 comments | Continued
Trending Toward Randomness
But what we were wondering about is the idea that stocks move in long trends that take them from epic highs to epic lows. Of course, it is obviously true. Stocks go up and down. They’re bound to hit extreme highs and extreme lows from time to time. Then, when you look at the pattern, it’s going to look like …
May 11th, 2010 | Bill Bonner | 3 comments | Continued
Europhoria
Yesterday was the day the world’s capital markets turned into a giant fiat money casino. Consider yourself warned. You can trade your way to profits this in this market on the tide of easy money being printed now by the Federal Reserve and the European Central Bank.
May 11th, 2010 | Dan Denning | 17 comments | Continued
Volatility in the Police State
Stocks trade around 20 times earnings now…and the Dow is about 10 times the price of gold. Sometime in the future, you’ll probably be able to buy Dow stocks at 5 times earnings and maybe only 1 times the price of gold. Three thousand seems like a likely target, because that would move stock prices down into the right range from a P/E standpoint…
May 6th, 2010 | Bill Bonner | 6 comments | Continued
The Castle Keep is Under Siege
That loss is about $16 billion in shareholder value and counting. And that does not include the loss of Australia’s reputation as stable place to do business and make long-term plans. “If it is what appears to be, a significant tax increase, that’s another competitive advantage for Canada,” said Canadian Finance Minister Jim Flaherty.
May 6th, 2010 | Dan Denning | 13 comments | Continued
Fearing the Elimination of Reserve Requirements
“But now it turns out that Federal Reserve Chairman Ben Bernanke wants to completely eliminate minimum reserve requirements, which he says ‘impose costs and distortions on the banking system’.” Hahahahahaork!
April 15th, 2010 | Mogambo Guru | 6 comments | Continued
Come to Buenos Aires: No Cares About GDP, Debt, Monetary Policy and Good Governance
Argentina is probably the best place in the world from which to contemplate the world’s financial future. Huge errors now being made by the US and most other governments…
April 13th, 2010 | Bill Bonner | 0 comments | Continued
