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Tag Archives: Federal Reserve
Shuffling The Deckchairs On The USS Perpetual Growth
Shuffling The Deckchairs On The USS Perpetual Growth The USS Perpetual Growth was picking up speed, steaming over calm seas despite a growing chorus of capital market Cassandras fearing trouble under the surface and further out at sea. “Full speed ahead” Skipper Yellen barked to her economates, unperturbed by ominous radar images or the uselessness of econometric […]
We are exiting the eye of the giant financial hurricane
We are exiting the eye of the giant financial hurricane (Editor’s Note: This is Doug Casey’s foreword to Casey Research’s Handbook for Surviving the Coming Financial Crisis.) Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much […]
Worst Case Scenario = 73% Down From Here
WORST CASE SCENARIO = 73% DOWN FROM HERE As the stock market gyrates higher and lower in a fairly narrow range, the spokesmodels and talking heads on CNBC breathlessly regurgitate the standard bullish mantra designed to keep the muppets in the market. They are employees of a massive corporation whose bottom line and stock price […]
Fed Admits it is the World’s Central Bank – not just the USA Central Bank
Fed Admits it is the World’s Central Bank – not just the USA Central Bank Janet Yellen signaled that the Fed is grappling with the problem I have been warning about: the dollar has become the de facto currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that everyone is […]
The Pitfalls of Currency Manipulation – A History of Interventionist Failure
The Pitfalls of Currency Manipulation – A History of Interventionist Failure The G-20 and Policy Coordination Readers may recall that the last G20 pow-wow (see “The Gasbag Gabfest” for details) featured an uncharacteristic lack of grandiose announcements, a fact we welcomed with great relief. The previously announced “900 plans” which were supposedly going to create […]
Deficit Spending is Not the Answer
Deficit Spending is Not the Answer The Growing Chorus for Fiscal Stimulus Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking. Grander programs of direct stimulation are needed, they grumble. Monetary policy alone won’t cut the mustard, they gripe. Global debt-to-GDP ratios (excl. financial debt). […]
Has The Biggest Of All Bubbles Popped: Central Bank Omnipotence?
Has The Biggest Of All Bubbles Popped: Central Bank Omnipotence? Since the initial turmoil began with the onset of what is now referred to as “The great financial crisis.” One strategy has proven more profitable than any other. That strategy? BTFD (buy the f___n’ dip.) Regardless of what proprietary advice (short of insider trading,) nothing, as […]
Guessing the future without Say’s law
Guessing the future without Say’s law Or some reflections to read over the Easter holidays With Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook. Economists lack consensus, with […]
Who’s Anti-American?
Who’s Anti-American? Maryland! The Old Line bugle, fife, and drum, Maryland! She is not dead, nor deaf, nor dumb. Huzza! She spurns the Northern scum! She breathes! She burns! She’ll come! She’ll come! Maryland! My Maryland! – Maryland’s State Song J’accuse… Illustration by James Montgomery Flagg Guilty as Charged BALTIMORE – Yesterday, one dear reader […]
I Love the Smell of Napalm in the Market
I LOVE THE SMELL OF NAPALM IN THE MARKET That usually perceptive and always interesting observer of the financial Zeitgeist, Bloomberg’s estimable Mark Gilbert, has just penned an article entitled: “Milton Friedman’s ‘Helicopter Money’ Is Looking Less Crazy” After running through the standard complaints of the serial interventionists about how ineffective monetary policy has become (read: how […]
Recipe for Collapse: Rising Military and Social Welfare Spending
Recipe for Collapse: Rising Military and Social Welfare Spending Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient “solution.” Whatever you think of former Fed chair Alan Greenspan, he is one of the few public voices identifying runaway entitlement costs as a structural threat to the economy […]
Ed Butowsky: Calculating The True Cost of Living
Ed Butowsky: Calculating The True Cost of Living Why it’s much higher than we’re told/sold Over the past decade, we’ve been told that inflation has been tame — actually below the target the Federal Reserve would like to see. But if that’s true, then why does the average household find it harder and harder to […]
Interest Rates Are Never Going Back to Normal
Interest Rates Are Never Going Back to Normal Grotesque Mutants BALTIMORE – Let’s see… U.S. corporate earnings have been going down for three quarters in a row. The median household income is lower than it was 10 years ago. And now JPMorgan Chase has increased its estimated risk of a recession to about one in […]
A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed
A Desperate China Begged Fed For “Plunge Protection Playbook” As Its Market Crashed Last June, China’s stock market miracle ended in tears. The SHCOMP’s inexorable, parabolic ascent was to a large degree facilitated by an explosion of margin debt, the likes of which could not be found in any other major market across the globe. […]
The Fed And The Oil Markets On Unsustainable Path As Election Looms
The Fed And The Oil Markets On Unsustainable Path As Election Looms Oil prices have increased 50 percent since the lows exhibited earlier this year, a rise that is largely linked to the positive market reaction to the OPEC output freeze. That comes even as for all intents and purposes OPEC has nearly reached its […]
