For once, we agree with the insiders at Goldman Sachs. The company’s stock is a “Sell.” Okay, so the insiders didn’t exactly say their stock is a “sell,” but they didn’t need to. Their feet did all the talking. Nine Goldman insiders scurried away from their stock as fast as the law would let them.
February 7th, 2012 | Eric J. Fry | 1 comment | ContinuedAll Posts Tagged With: "the fed"
Goldman Sachs is Probably Not a “Buy”
Matt Taibbi — like many other cynical financial market observers — has learned to regard every pronouncement from Goldman Sachs with suspicion. Recent experience has demonstrated that “tame” and “harmless” are attributes that rarely operate within the Goldman Sachs business model.
February 6th, 2012 | Eric J. Fry | 0 comments | Continued
Buying Gold in Uncertain Times
The movement in the price of gold seems to be heading up again — almost no matter what else is happening. So, let’s look at what might be going on…
February 6th, 2012 | Bill Bonner | 2 comments | Continued
The First Casualty of the Currency Wars
Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | Continued
Below Average Thinking With Thomas Friedman
We got a chuckle out of Thomas Friedman. Maybe he would be good as a brick mason. Or maybe a baker. Shame he got caught up in journalism. He has no talent for it.
February 3rd, 2012 | Bill Bonner | 1 comment | Continued
How the Fed Prints Money Under the Guise of Currency Swaps
The Fed is ramping up its currency swap activity again. Meaning, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. Crazy, but true.
February 2nd, 2012 | Eric J. Fry | 2 comments | Continued
Persistent Questions About the Future of the US Economy
The US economy entered a period of debt destruction – a Great Correction, we called it. The question then was how long the Great Correction would last…which depended on what it was correcting.
February 2nd, 2012 | Bill Bonner | 3 comments | Continued
Everything Isn’t Fine in the US Economy
The US economy has come back to output levels of ’07. But this feeble rebound not only holds the title of “weakest post-war recovery ever,” it also shows that something else is going on. Most economists have no idea what. So, they just think this “recovery” is unusually slow.
January 31st, 2012 | Bill Bonner | 0 comments | Continued
The Fed’s Unattainable Government Goals
The Fed has goals for unemployment and inflation. Targets. And it moves its policies around in order to achieve its goals. Of course, it doesn’t necessarily hit its goals.
January 30th, 2012 | Bill Bonner | 0 comments | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
The Consequences of Denying Reality in a Bernanke Economy
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 | Continued
The US Debt Cutting Derby
The public sector is leveraging up. The US is going deeper and deeper into debt. As it adds to the quantity of its debt outstanding, the quality should go down. And the price too. But it’s not. So, either the times are out of joint…or we are.
January 24th, 2012 | Bill Bonner | 0 comments | Continued
How a Deficit in Capitalism Helped Engender the Financial Crisis
Instead of allowing capitalism to fix the problem, the feds made it worse. They gave more money to the very institutions and managers who had proved they couldn’t be trusted with it.
We don’t want to rehearse the whole sequence of events that got us to where we are. But it’s important to understand what happened.
When the US Economy Runs Aground
Captain Schettino will probably never be asked to take command of another cruise ship. But Captain Bernanke and his crew are still at the controls of the US economy. Apparently, they still have no idea where they are…or where they are going.
January 20th, 2012 | Bill Bonner | 0 comments | Continued
Money Printing: The Ugly Truth Behind the “Good News”
The news on the US economy has been generally “good” ever since the European Central Bank made it clear that it will print money rather than see major banks or minor nations get what is coming to them.
January 16th, 2012 | Bill Bonner | 2 comments | Continued
