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The Fed Must Have Inflation. Failure Is Not an Option
The Fed Must Have Inflation. Failure Is Not an Option The Fed says incessantly that “price stability” is part of their dual mandate and they are committed to maintaining the purchasing power of the dollar. But the Fed has a funny definition of price stability. Common sense says price stability should be zero inflation and […]
Rising Economic Head Winds
Rising Economic Head Winds Remember the “tea party” revolt in 2009–2010 against government bailouts and government spending? Remember the “fiscal cliff” drama of Dec. 31, 2012, when Congress raised taxes and cut spending to avoid a debt default and government shutdown? Remember the actual government shutdown in October 2013 as Republicans held the line against […]
The Status Quo Will Reign
The Status Quo Will Reign This month’s stock market correction is still fresh in everyone’s mind. Many have even begun to wonder if the era of dark money was truly over. How will the recent correction affect the Fed’s dark money policies? The consensus explanation for the correction was that inflation was rising and that would […]
The Bubble That Could Break the World
The Bubble That Could Break the World The key to bubble analysis is to look at what’s causing the bubble. If you get the hidden dynamics right, your ability to collect huge profits or avoid losses is greatly improved. Based on data going back to the 1929 crash, this current bubble looks like a particular […]
2018: The Year of Living Dangerously
2018: The Year of Living Dangerously I’m calling 2018 “The Year of Living Dangerously.” That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs. 2017 went down as the first calendar year in which the Dow Jones industrial average was up for all 12 months. Even in […]
Intelligence Insider Warns Of Imminent War: “Likely In The Next 12 Weeks… The Director Of The CIA Told Me”
Intelligence Insider Warns Of Imminent War: “Likely In The Next 12 Weeks… The Director Of The CIA Told Me” Having worked closely with U.S. intelligence agencies over the last two decades, James Rickards was once asked to simulate asymmetric economic attacks on the U.S. financial system. He is an expert at escalation scenarios and end […]
Gold, Interest Rates and Super Cycles
Gold, Interest Rates and Super Cycles When the Fed raised interest rates last December, many believed gold would plunge. But it didn’t happen. Gold bottomed the day after the rate hike, but then started moving higher again. Incidentally, the same thing happened after the Fed tightened in December 2015. Gold had one of its best […]
The Greatest Fear Today: The Lack of Fear
The Greatest Fear Today: The Lack of Fear Market crashes often happen not when everyone is worried about them, but when no one is worried about them. Complacency and overconfidence are good leading indicators of an overvalued market set for a correction or worse. Prominent magazine covers are notorious for declaring a boundless bull market […]
Prepare for a Chinese Maxi-devaluation
Prepare for a Chinese Maxi-devaluation China is a relatively open economy; therefore it is subject to the impossible trinity. China has also been attempting to do the impossible in recent years with predictable results. Beginning in 2008 China pegged its exchange rate to the U.S. dollar. China also had an open capital account to allow […]
Rickards On “The Fragility Of The North Korean Nuclear Showdown”
Rickards On “The Fragility Of The North Korean Nuclear Showdown” Amid today’s contradictory statements from President Trump that Secretary of State Rex Tillerson “is wasting his time trying to negotiate with Little Rocket Man… Save your energy Rex, we’ll do what has to be done!” and The State Department’s statement that “The White House is […]
The Financialization of America… and Its Discontents
The Financialization of America… and Its Discontents Labor’s share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating wages undermine every aspect of our economy: consumption, credit, taxation and […]
Cracks in Dollar Are Getting Larger
Cracks in Dollar Are Getting Larger Many Daily Reckoning readers are familiar with the original petrodollar deal the U.S made with Saudi Arabia. It was set up by Henry Kissinger and Saudi princes in 1974 to prop up the U.S. dollar. At the time, confidence in the dollar was on shaky ground because President Nixon […]
QT1 Will Lead to QE4
QT1 Will Lead to QE4 There are only three members of the Board of Governors who matter: Janet Yellen, Stan Fischer and Lael Brainard. There is only one Regional Reserve Bank President who matters: Bill Dudley of New York. Yellen, Fischer, Brainard and Dudley are the “Big Four.” They are the only ones worth listening […]
The Golden Solution to America’s Debt Crisis
The Golden Solution to America’s Debt Crisis Right now, the United States is officially $20 trillion in debt. Over half of that $20 trillion was added over the past decade. And it looks like annual deficits will be at the trillion dollar level sooner than later when projected spending is factored in. Basically, the United […]
America’s Weapons: “The Dollar and the Drone”
America’s Weapons: “The Dollar and the Drone” It was said that “the guinea and the gallows” were the true instruments of British imperial power. The guinea represented the coined wealth of Great Britain. The gallows represented its… constabulary zeal in policing restless natives. This is the 21st century of course… a time of enlightenment. Today’s […]
