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: "federal reserve"
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
You’re the Voice, But Don’t Understand It
Daily Reckoning editors have written endlessly about how such stimulus will merely “pull forward demand”, causing a slump once the stimulus is withdrawn. They have been proven right in textbook fashion. But Schiff points out a further crucial consequence of this economic mismanagement. In addition to pulling forward demand, there is the interest on the debt used to pull this demand forward.
July 10th, 2010 | Nickolai Hubble | 1 comment | Continued
The End of the Nominal Recovery
In other words, one year after the official end of the recession, the economy shows no signs of booming. Emergency Keynesian policy measures taken to keep the debt crisis from devolving into a 1930s deflationary spiral show signs of losing effectiveness, and the self reinforcing economic growth story is giving way to talk of a “double dip” recession, as trouble in Europe
July 2nd, 2010 | Eric Janszen | 11 comments | Continued
The Problem of Knowledge
The world is complicated enough. Europe’s sovereign debt crisis will eventually migrate its way to America and the super cycle in fiat money will end in either a debt deflation or massive inflation or both. Real wealth will be destroyed. Meanwhile, China faces a property and credit bubble of its own.
May 14th, 2010 | Dan Denning | 21 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
Commodities In Your Portfolio
“Portfolios that add commodities after the Federal Reserve tightens the discount rate, perform better than portfolios that don’t,” observes Journal writer, Carolyn Cui.
April 27th, 2010 | Eric J. Fry | 0 comments | Continued
A Free Market In Chains
US policymakers at the Federal Reserve and the Treasury Department have been trying to re-inflate the credit bubble by pumping trillions of dollars of fresh credit and currency into the financial system. The Fed is still maintaining these Keynesian tactics, despite the increasing possibility that inflation and other adverse outcomes will result.
April 23rd, 2010 | Dan Amoss | 0 comments | Continued
Cold Day in Hell When Americans are Not Willing to Spend
The Baby Boomers were flying high during the wonder years. They looked forward to higher house prices and rising stock prices. But now, after having suffered an $11 trillion loss in stocks and real estate…
April 12th, 2010 | Bill Bonner | 2 comments | Continued
Talk of Chinese Property Investors Bidding Up Australian Property Prices
Having our flagship resources industry rely on foreign credit and politically driven Chinese demand is unstable enough. Now our house prices rely on them as well!
April 4th, 2010 | Nickolai Hubble | 9 comments | Continued
Federal Reserve Literally Killing Our Money
As much as I scream in Loud Mogambo Outrage (LMO) about the sheer amount of money that is being created that will create horrendous inflation in prices, using whatever data that I can easily get my hands on…
March 31st, 2010 | Mogambo Guru | 2 comments | Continued
Krugman and His Hoover History
Without technically lying, Krugman perpetuates the myth that Herbert Hoover insisted on budget austerity in the midst of the Great Depression.
March 26th, 2010 | Robert P. Murphy | 0 comments | Continued
Defiance at the Fed
Any real recovery would be accompanied by interest rate increases from the Federal Reserve. Instead, the Fed stuck to its guns and butter interest rate. Dan Denning is another step closer to his free beer bet coming off.
March 20th, 2010 | Nickolai Hubble | 0 comments | Continued
Is Your Money What You Think It Is?
The paper we use today is a medium of exchange – it got that way because governments made it illegal not to accept it – but it’s not a good store of value.
March 19th, 2010 | Doug Casey | 2 comments | Continued
