Since the Great Crisis began in 2007 the Fed/ Feds have done the following: Cutting interest rates from 5.25-0.25% (Sept ’07-today). The Bear Stearns deal/ taking on $30 billion in…
The following is excerpt from a recent issue of Private Wealth Advisory. In it I outline why the world is entering a stagflationary disaster. To find out more about Private…
Yesterday we assessed how China will not longer be an engine for economic growth going forward. Today we look at Europe. The world continues to believe that Europe is somehow…
I’ve been skeptical about China for some time. While I do believe China has made some serious economic progress as a country, I remain thoroughly convinced that ultimately its economic…
Let’s just be blunt here. Inflation is back in a big way. It’s not going to show up in the official numbers, but if you’ve paid for gas or food…
Now that the Fed has engaged in QE 3 (which is essentially QE infinite since it’s meant to run until things get where the Fed wants them), I decided to…
Ben Bernanke and Mario Draghi must be absolutely terrified. These two men, in the last two weeks, have both initiated open-ended bond buying programs. The purpose of these programs, aside…
On Thursday last week, the US Federal Reserve announced QE 3: a program through which it will purchase $40 billion in Mortgage Backed Securities (MBS) every month going forward. Given…
Yesterday the Fed announced QE 3: an open ended program through which the Fed will purchase $40 billion worth of Mortgage Backed Securities every month until it decides that the…
For months I’ve predicted we wouldn’t see QE 3. It’s now clear I was wrong. The Fed just announced QE 3. And while the implications of this will not be…
We’ve entered a truly dangerous environment in the financial markets. Economic fundamentals are deteriorating rapidly. Consider the US… By all counts, the latest ISM (a measure of manufacturing in the…
Yesterday we worked through the illusion to the reality of the ECB’s “unlimited” bond purchases, the end result being that we discovered the ECB: 1) Didn’t announce anything new 2) …
The financial world has entered a new state of mania with the announcement by the ECB that it will engage in “unlimited” bond buying to maintain lower interest rates for…
The world is breathlessly hoping that Central Banks will somehow save the day. Indeed, when you consider that the markets have rallied so dramatically based on a vague speech from…
So the Fed disappointed on Friday. I know that everyone in the mainstream financial media along with much of the blogosphere believe that the Fed left the door “wide open”…
The stock market is closed today for Labor Day. A few thoughts on the preceding week: 1) The US Federal Reserve disappointed in a big way during its annual Jackson…
So… all of you were clamoring that QE 3 was coming. It was guaranteed. Well guess what. It didn’t. You were wrong. 100% wrong. All we got was the same…
Mr Draghi… a few questions for you… You say that whatever measure you take… it will be “enough” to support the Euro. Seeing as you’ve already spent over €1 trillion…
The biggest even this week is Ben Bernanke’s Jackson Hole Speech which will take place on Friday August 31. It was at Jackson Hole in 2010 that Bernanke hinted at…
For several months now, I’ve been stating that the world’s central banks are in a bind. That bind is that their monetary policies are becoming less and less effective at…
