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…
Kings of the wild frontier
bySimple but not easy – The title of Richard Oldfield’s book about value investing. It has a young, highly educated population. 60% of its…
Ryan McMaken: The European Central Bank Finally Throws in the Kitchen Sink
byBack in January, ECB President Mario Draghi doubled down on his earlier commitment to do “whatever it takes” to prop up the European economy with…
David Stockman: Thanks For The Corporate Bond Bubble, Fed
byOnce upon a time businesses borrowed long term money—-if they borrowed at all—-in order to fund plant, equipment and other long-lived productive assets. That…