By Antal E. Fekete
On April 6 last I sent an open letter Congressmen Ron Paul of Texas accusing the Chairman of the Board of Governors of the Federal Reserve, Dr. Ben Bernanke, that
By Antal E. Fekete
By Stephen Johnston
Apologies to Mr. Kipling for using his work to create an inflammatory headline. A considerable amount of ink is being spilled on the topic of whether there is a recovery underway in the west and if so, whether that recovery is sustainable. So much ink in fact that one would have thought that when combined with the mighty labors of our central banks to single-handedly create an ink shortage this lowly substance would have been used up long ago.
[[wysiwyg_imageupload:1632:]]By Michael Pento
In a heated debate on the February 1st episode of CNBC's "The Kudlow Report", financial commentator Donald Luskin offered his "textbook" definition of inflation as "an overall rise in the general price level." I countered with the "dictionary" definition. My 1988 edition of Webster's Dictionary defines inflation as follows: "An increase in the volume of money and credit relative to available goods, resulting in a substantial and continuing rise in the general price level." [Emphasis added.] These differences are not academic and go a long way toward explaining why economists argue so vociferously.
By Elliott Wave International
To understand what's a greater threat to the U.S. economy -- inflation or deflation -- it helps to understand what role the U.S. Federal Reserve plays
Despite so much focus on the policies of the Fed, its operations remain somewhat of a mystery to most investors -- in no smaller measure, due to their complexity.
So, we put together a free resource for our Club EWI members: a 35-page report that explains the Fed, its goals and, very importantly, its limitations in layman's terms.
Enjoy this excerpt -- and for details on how to read the 35-page free report in full now, look below.
In this week’s Big Interview with the WSJ Alan Greenspan lashed out at his critics. Dr. Greenspan also gave his latest economic prognosis saying the economy is improving, the wealth effect is positively contributing to the economy and that inflation will become a risk down the line.
By Moses Kim
There are so few people who invest that can think on a global scale, which is amazing, since this is an absolute minimum requirement to be an investor nowadays. It usually takes a couple of generations for economic theories to catch up to the realities of the economy. By the time people figure out how our economy currently operates, we will have a new system with different rules. I believe we live in a time when the inefficient thought processes of the masses can be exploited.
At THE CONTRARIAN TAKE a lot of time and effort is spent compiling money supply data, analyzing its drivers and charting its course. The reason is quite simple. It is the ebb and flow of the money supply that shapes the ebb and flow of the financial markets and the economies in which they operate.
There are growing signs that Federal Reserve Chairman Ben Bernanke is cracking the whip and wants to pull other Fed officials into line when it comes to how they communicate with investors and the financial markets.
[[wysiwyg_imageupload:1155:]]By Gonzalo Lira
The other day, in my post “The Lull Before the Storm”, I mentioned that for fiscal year 2011, the Federal Reserve would be purchasing over 60% of the Federal government deficit.
In other words, the Fed would be dancing the Monetization Waltz, just like Latin American countries used to back in the 1970’s: Proof positive that America is indeed a banana republic—only with nukes.
I’ve written several pieces recently suggesting that the purpose of QE2 is widely misunderstood by both the investing public and a great number of those calling themselves financial professionals. Although many view the goal of Bernanke & Co’s latest program to be lower interest rates, my contention has been that the objective is to eliminate the possibility of a Japan-style deflationary cycle. But, upon further review, there may be more to it than that.