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Tag Archives: Ben Bernanke
Albert Edwards Explains Why The “Global Economy Will Be Thrown Into Chaos”
Albert Edwards Explains Why The “Global Economy Will Be Thrown Into Chaos” SocGen’s permarealist, Albert Edwards, has been the one person who for the past decade has firmly held the belief that a “deflationary Ice Age” is upon the world – courtesy of an unmanageable debt load – no matter what central banks do. There […]
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like
A Stunning Admission From A BOE Central Banker: This Is What The Coming “Helicopter Money” Will Look Like Back in early 2009, just around the time the Fed announced it would unleash QE1, we warned that any attempt to reflate the debt (a pathway which ultimately leads to hyperinflation as monetary paradrops are the only […]
Professor Bernanke’s Bogus Contra-factual, Part 2: Why The Friedman/Bernanke Thesis About The Great Depression Was Dead Wrong
Professor Bernanke’s Bogus Contra-factual, Part 2: Why The Friedman/Bernanke Thesis About The Great Depression Was Dead Wrong In explaining to the FT’s Martin Wolf why he bailed out the Wall Street gamblers at Goldman Sachs and Morgan Stanley while crushing millions of ordinary American savers and retirees, Bernanke typically repaired to his go to argument. It had nothing to do with […]
The Worse Things Get For You, The Better They Get For Wall Street
The Worse Things Get For You, The Better They Get For Wall Street On October 2 the BLS reported absolutely atrocious employment data, with virtually no job growth other than the phantom jobs added by the fantastically wrong Birth/Death adjustment for all those new businesses springing up around the country. The MSM couldn’t even spin […]
Professor Bernanke’s Bogus Contra-factual, Part 1: The Myth Of Great Depression 2.0
Professor Bernanke’s Bogus Contra-factual, Part 1: The Myth Of Great Depression 2.0 It took no “courage” whatsoever to inflate the Fed’s balance sheet from $900 billion to $2.3 trillion during just 17 weeks in September-December 2008. What it actually took was an epochal con job by a naïve Keynesian academic whose single idea about economics was primitive, self-serving, borrowed and […]
Something Happened
Something Happened Ben Bernanke’s memoir is out and the chatter about it inevitably turns to the sickening moments in September 2008 when “the world economy came very close to collapse.” Easy to say, but how many people know what that means? It’s every bit as opaque as the operations of the Federal Reserve itself. There […]
Confirmation: China As Brazil
Confirmation: China As Brazil There is always some chicken and egg to any financial irregularity; as in does a crisis cause a panic or is it the panic that causes the crisis? Though the evidence of the past eight years is decidedly on the side of the irregularity, central banks continue to press as if […]
Central bankers must have the courage to act before a crisis: Don Pittis
Central bankers must have the courage to act before a crisis: Don Pittis Are our bankers-in-chief always condemned to crisis management? Are central bankers always destined to be too late? This weekend, two of that august fraternity were strutting their stuff. Former U.S. Fed chairman Ben Bernanke was busy promoting his new book called The Courage to […]
When it Really Mattered, Ben Bernanke Coddled, Protected & Bailed Out Financial Criminals
When it Really Mattered, Ben Bernanke Coddled, Protected & Bailed Out Financial Criminals Most of you will have seen Ben Bernanke’s recent crocodile tears regarding how he wished more individuals were held responsible, for you know, destroying the American middle class and handing over the nation to a handful of criminal oligarchs. As David Dayen notes, he […]
Bernanke’s Balderdash
Bernanke’s Balderdash The US and world economies are drifting inexorably into the next recession owing to the deflationary collapse of commodities, capital spending and world trade. These are the inevitable “morning after” consequence of the 20-year global credit binge which has now reached its apogee. The apparent global boom during that period was actually a central bank driven excursion […]
It Begins: Australia’s Largest Investment Bank Just Said “Helicopter Money” Is 12-18 Months Away
It Begins: Australia’s Largest Investment Bank Just Said “Helicopter Money” Is 12-18 Months Away Just over two years ago, when the world was deciding who would be Bernanke Fed Chair replacement, Larry Summers or Janet Yellen (how ironic that Larry Summers did not get the nod just because a bunch of progressive economists thought he […]
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End
Riding ZIRP Into The Doom Loop—–Monetary Central Planning’s Dead End What the Fed really decided Thursday was to ride the zero-bound right smack into the next recession. When that calamity happens not too many months from now, the 28-year experiment in monetary central planning inaugurated by a desperate Alan Greenspan after Black Monday in October 1987 will come to […]
Within Or Without The Stock Bubble Matters A Great Deal
Within Or Without The Stock Bubble Matters A Great Deal As doubts surrounding QE have grown, there has been a somewhat detectable if still small trend in central banker repentance. Alan Greenspan to an extent has embraced a more decentralized and market framework in his public comments even though he has yet, to my knowledge, […]
Exorbitant Privilege: “The Dollar is Our Currency but Your Problem”
Exorbitant Privilege: “The Dollar is Our Currency but Your Problem” The Global Monetary Architecture: Change is on the Horizon There is no better way to descibe the international monetary system today than through the statement made in 1971 by U.S. Treasury Secretary, John Connally. He said to his counterparts during a Rome G-10 meeting in […]
Why the Federal Reserve should be audited
Why the Federal Reserve should be audited Janet Yellen and Ben BernankePhoto: AP (2) It is time for a comprehensive audit of Janet Yellen ’s Federal Reserve — and not just for the reasons presidential candidate Rand Paul and others have given. The Fed needs to be audited to see if its ruling body has broken […]
