There are those, increasingly more of them, including such shocking statist luminaries as Alan Greenspan (the person more responsible for today's global depression than anyone else) and the Treasury Borrowing Advisory Committee, who are realizing that the old debt=growth, saving=bad, spending=prosperity and inflation=utopia economic paradigm, the one unleashed by John Maynard Keynes, is the[...]
Tag: palladium
Does This Look Like A Housing Recovery To You?
By Michael Snyder, on October 28th, 2014 We just learned that the homeownership rate in the United States has fallen to the lowest level in 19 years. But of course this is not a new trend. As you will see in this article, the homeownership rate in the United States has been in a continual decline for more than 7 years. Obviously this is not a sign of a healthy economy. Traditionally,[...]
Alan Greenspan: QE Failed To Help The Economy, The Unwind Will Be Painful, “Buy Gold”
As presented at Zero Hedge... It appears it is time for some Hillary-Clinton-esque backtracking and Liesman-esque translation of just what the former Federal Reserve Chief really meant. As The Wall Street Journal reports, the Fed chief from 1987 to 2006 says the Fed's bond-buying program fell short of its goals, and had a lot more to add. Mr. Greenspan’s comments to the Council on Foreign[...]
QE Might Be a ‘Toxic Legacy’ Poisoning America – Financial Times
By John Morgan Uneasiness is mounting about what some analysts view as a "toxic legacy" left behind by the Federal Reserve's unprecedented quantitative easing (QE) program and the towering debt it is leaving behind. When the Fed unveiled its ultra-easy monetary policies 2008, the aim was to spawn so much liquidity that investors would be willing to venture out of safe harbors and into riskier[...]
Why the Financial and Political Systems Failed – Nomi Prins
Nomi Prins calls out the policy error deluxe that has been the topic of so much commentary at Le Café over the past few years. What is perhaps most striking is that this failure is so bipartisan in a time of contentiousness. It crosses not only parties but professions, from academics to politicians. As you know I have featured several articles and videos of hers as she introduces her latest[...]
These Government Agencies Want You In 401(K)’s. And Here’s Why.
by Paul Seymour, Director of TDV Offshore I woke up this morning here in the communist-leaning Little Italy which is Buenos Aires, and was hoping to find something to write about, and what did I see? An article entitled – Treasury and IRS Encourage Use of Annuities in 401(k) Plans. That’s the kind of title that just sets me to bein’ a tad skeptical. Excuse me for being a bit jaded, but[...]
Overt Repression – Australian Scholar Says Futures Markets Suppress Commodity Prices, Keep Producing Nations Poor
by Ed Steer Yesterday In Gold & Silver The gold price got sold down a few dollars right at the 6 p.m. EDT open on Sunday evening in New York. It rallied back to unchanged within a few hours, but all four attempts to rally above unchanged during the Monday trading session were met by a willing seller. Then, once the 1:30 Comex close was in, the not-for-profit seller[s] sold gold down some[...]
Why the Fed Will Launch Another Round of QE – Economist Richard Duncan
In November 2002, Fed Governor Ben Bernanke introduced the concept of Quantitative Easing to the world. In a speech entitled “Deflation: Making Sure It Doesn’t Happen Here”, he explained that the Fed could prevent deflation from taking hold in the United States by creating money and using it to acquire government and agency (i.e. Fannie Mae and Freddie Mac) bonds. He proclaimed that this[...]
Jim Rogers: World to Pay ‘Terrible Price’ for Central Bank Antics
Monday, 27 Oct 2014 09:02 AM By Dan Weil Central banks around the world have been easing big-time over the past five years, and the results won't be pretty, says star investor Jim Rogers. "The central banks have been printing staggering amounts of artificial liquidity," he told Reuters TV. "It's going to come to an end. I don’t know if it's coming to an end now. When it does end, we're all[...]
The Terrifying Idea that the Economy Might Stay Stuck Forever Just Got More Terrifying
by Matt O’Brien Washington Post The U.S. economy has fallen, and it can’t get up. At least that’s the way it seems. That’s because our slump hasn’t really ended, even though the Great Recession officially did more than five years ago. Growth has been low, unemployment is still high, and it’d be even more so if the labor force hadn’t shrunk so much. And all this, remember, has[...]