Posts Tagged ‘ the Federal Reserve ’

The Danger of Stagflation

May 15th, 2008 | By Lord William Rees-Mogg | 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


Fed Effects on Europe

May 1st, 2008 | By Whiskey Contributor | Category: Macro Economics
Markets exaggerate in both directions. They create bubbles of overvaluation when expectations are high; they create troughs of undervaluation when expectations are low. At the present time, there is a struggle between optimism and pessimism, in which London is a good deal more optimistic than New York or Washington. The Bank ...read more


Inflation in a Slowdown

Apr 30th, 2008 | By Ed Bugos | Category: Macro Economics
The economy doesn’t know what to do with itself. The Fed has made it all but certain that inflation will be a problem. Prices are rising and everything has become more expensive. So what ever happened to this recession we’ve been hearing about? Shouldn’t a slowing economy be depressing prices? ...read more


The Case for Gold

Apr 16th, 2008 | By Adrian Ash | Category: Macro Economics
“Four charts, one metal, and the whole world wrapped up in trying to price risk and reward in a fast-shrinking currency...” YOU CAN LINK THE HISTORIC SURGE in gold prices starting mid-August 2007 to many apparently disparate things. Pick the right link and you might be able to tell whether it’s worth ...read more


Mistakes at the Federal Reserve

Apr 14th, 2008 | By Whiskey Contributor | 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


Who Pays for the Bailout

Apr 4th, 2008 | By Adrian Ash | Category: Macro Economics
IF YOU’RE GAME FOR A LAUGH, I’d like you — in reading the following quotes — to imagine the words “tax-payers’ cash” wherever you see the words “government” or “central bank.” Better still, imagine they spell out the words “your savings” instead. Here’s goes... “We need concerted action by governments, central banks ...read more


How the Fed Effects Gold

Apr 3rd, 2008 | By Ed Bugos | Category: Currencies, Gold, Macro Economics
WHEN I LOOK AT THE POLICIES THAT CENTRAL BANKS are adopting today, everywhere, I see an inflationary epidemic that is feeding on itself and confirming the bull market in gold. In the U.S. — arguably an epicenter of the modern global monetary system — I see a central bank whose ...read more