Posts Tagged ‘ ben bernanke ’

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Bernanke’s Pet Peeve: The Gold Standard

May 3rd, 2012 | By | Category: Featured, Gold
Ben Bernanke journeyed across town to give a 4-part seminar to 30 undergraduates at George Washington University. This was clearly a public relations stunt. Why would the head of the world's most powerful central bank lecture to 30 undergraduates? This was not quite the equivalent of George W. Bush reading "My ...read more

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Posted in Featured, Gold | 5 comments


Analysts Predict Gold Will Plunge Below $1000

Mar 12th, 2012 | By | Category: Featured, Gold
It's over folks. According to some analysts recent price swings indicate that the gold and silver run-up will soon be coming to an end. "Sharp falls in the gold price have prompted some bears or pessimists to predict it will plunge below $1,000 (£625) an ounce." ... "Goldcore priced bullion at $1,721 or ...read more

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Posted in Featured, Gold | 3 comments


Zero Percent Uber Alles

Jan 26th, 2012 | By | Category: Economics, Featured, Macro Economics
We are getting a sense of what life is like with the new Fed policy of openness. It means that the chairman tries to beat the world record for the longest, most-boring press conference in modern history. Ben Bernanke is getting even better at that crucial skill of repeatedly saying ...read more

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Posted in Economics, Featured, Macro Economics | No Comments »


Christina Romer’s Toxic Cookbook

Nov 9th, 2011 | By | Category: Featured, Macro Economics
Keynesian and other mainstream economists cannot explain the present crisis. That doesn't seem to bother them. All they can offer is a description of symptoms, such as with their favorite phrase: lack of "aggregate demand." Which, if you think about it, doesn't really explain anything. How come demand dropped? Why did ...read more

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Posted in Featured, Macro Economics | No Comments »


The Bernanke Blind Side

Aug 15th, 2011 | By | Category: Featured, Macro Economics
You want to know what really scares me? That the money-printer-in-chief -- the man in charge of the printing press for the world's dominant paper currency -- the chairman of the U.S. Fed is so completely beholden to the mainstream macro consensus that he is entirely incapable of even comprehending ...read more

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Posted in Featured, Macro Economics | 1 Comment »


Fed Up with the Fed and the Welfare State

Jul 28th, 2010 | By | Category: Featured, Housing, International, Macro Economics
When we have a look at markets today, well...it's depressing. Day after day we all have to put up with the fraud of serious looking men and women in suits making a complete mockery of common sense, reason, and good judgement. As exhibit A in the case ...read more

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Posted in Featured, Housing, International, Macro Economics | 4 comments


Government Regulation and Financial Bailout

Sep 29th, 2008 | By | Category: Economics, Politics
We love this nugget of irony, idiocy or just plain hypocrisy so much, we have to repeat it — clutching our sides and doubling-up in laughter, tears streaming down our disbelieving faces: “The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources ...read more

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Posted in Economics, Politics | No Comments »


Inflation and Commodity Prices

Jun 18th, 2008 | By | Category: Commodities, Currencies, Macro Economics
Last week, amid a stream of bearish economic news, the chairman of the Federal Reserve, Ben Bernanke, asserted his priority on price stability and uttered the word “dollar,” as if turning a new leaf. He did that to get your attention. Fed chairs rarely ever say that word, for reasons that Greenspan ...read more

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Posted in Commodities, Currencies, Macro Economics | 1 Comment »


The Danger of Stagflation

May 15th, 2008 | By | Category: Macro Economics
The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal Reserve itself have become more skillful at manipulating the economy of the United States. The process of running before every gust of wind reached its ...read more

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Posted in Macro Economics | No Comments »


Mistakes at the Federal Reserve

Apr 14th, 2008 | By | Category: Macro Economics
Treasury Secretary Hank Paulson has proposed the Federal Reserve be given broad powers to regulate the financial industry. He could not have nominated a more incompetent body. The Coast Guard would do a better job. Financial upheaval owes homage to derivatives that shrouded the massive growth in debt and leverage. This ...read more

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Posted in Macro Economics | No Comments »


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