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The Fed recently announced that it would keep interest rates low through 2014 – which in Fed-speak basically amounts to “forever.” And how do they intend to keep rates low? Well there’s only one way to do it, and that’s by purchasing the long-end of the yield curve with digitally created Federal Reserve notes. Our […]
One of my favorite “conspiracy theories” of late is one that the Fed has already quietly started QE3, and just hasn’t told anyone publicly. One school of thought is that this is why gold is going ballistic right now – you can fool the public, but you can’t fool the markets! Bud Conrad, Casey Research’s […]
As you know, there is A LOT of optimism priced into the stock market right now. But with this “economic recovery” starting to sputter, and companies racing to adjust their earnings expectations DOWN, what will happen if a string of earnings disappointments comes in? —- Being Street Smart Sy Harding Will the Fed Push Its […]
Dallas Fed CEO Richard W. Fisher had some strong words against further monetary easing as a means of putting people back to work: But it is worrisomely clear that the task of putting millions of unemployed and underemployed Americans back to work will take an anguishing amount of time. I do not, however, feel that […]
DailyWealth’s Dr. David Efrig likes to keep an eye on the M1 multiplier (as do I) as an indicator of whether or not inflation is in control: The M1 money multiplier monitors the amount of money individuals and businesses have to spend on consumption or investment… relative to the money available for banks to lend. […]
In Bill Gross’ latest commentary, he wonders aloud who will buy Treasuries when the Fed stops QE2 at the end of June. What an unbiased observer must admit is that most of the publically issued $9 trillion of Treasury notes and bonds are now in the hands of foreign sovereigns and the Fed (60%) while […]
Marc Faber gave a stellar 30+ minute interview for The McAlvany Weekly Commentary. You can read the transcript here, and listen to it here. Of the many interesting (and unique) points Faber made, one that stuck out was his claim that 80% of the US budget is basically untouchable: David: What measures might the Fed […]
Wow – Dave Rosenberg writes today: Remember, there has been an 86% correlation between the movements in the Fed balance sheet and in the S&P 500 since the onset of QE two-years ago. Source: Breakfast With Dave Indeed, it took Bernanke one practice swing, but he got pretty good at this QE thing pretty fast…in […]
Sentiment on the dollar is in the tank – and we’ve got a pretty decent crisis on our hands in the Middle East. So you’d think with all the bad news already priced into the buck that this turmoil would be enough to send the dollar sprinting higher. Good guess…but thus far, an incorrect one! […]
With cattle prices hitting all-time highs, I decided to take a look at the broader causes for the trend – both short term and long term. To read the full article, please hop over to Hard Assets Investor. *** Where’s the Beef? Cattle Prices Hit All-Time Highs Cattle prices are at all-time highs, thanks to […]
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