Benn Steil: The Trump-Sanders China Syndrome
byPresidential candidates Donald Trump and Bernie Sanders, with a phalanx of lawmakers behind them, continue to bash China as a “currency manipulator.” Both men…
Guessing the future without Say’s law
byWith Japanese and Eurozone interest rates becoming increasingly negative, and the Fed backing off from at least some of the planned increases in the…
Our survey said
by“It is because the public are a mass – inert, obtuse and passive – that they need to be shaken up from time to…
I Love the Smell of Napalm in the Market
byThat 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…
Government price fixing has a 100% failure rate – this includes central banks
byThe following, by Max Rangeley and Steve Baker MP, was published by Moneyweek’s Fleet Street Newsletter http://www.fleetstreetletter.co.uk/. Over the previous half century, economic central…
I Testified Before the AZ Senate
byPlease bear with a brief quote from a favorite author of mine. I promise it relates to gold. Having fought in World War I,…
Zero Hedge: Currency Debasement & The Death Of Roman Emperors
byCorrelation does not necessarily imply causation. In other words, just because two sets of data may follow a similar pattern, it does not mean…
The ECB and John Law
byLast week, the ECB extended its monetary madness, pushing deposit rates yet more negative. It is extending quantitative easing from sovereign debt into non-financial…
Mario meets Spinal Tap
byNot only is he a man who does not seem to understand how banks actually, not only is he dominated with the idée fixé…
Zero Hedge: “Cheerleader” Fed Loses Credibility: Big Funds No Longer Trust The ‘Dot Plot’
byFor the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as…