Have U.S. and European Central Banks Misdiagnosed the Patient?
Money matters — it’s a maxim of Prof. Milton Friedman that I repeat often in my columns. Since the Northern Rock bank run of 2007 — the “opening shot” of the financial crisis — the money supply,...
View ArticleMr. Market Trips Over Fed Minutes as Taper Timeline Takes Shape
The bad mojo that brewed in the markets this week largely dissipated following the release of the Federal Open Market Committee meeting minutes from July. All told, there were few surprises in the...
View ArticleIs the Fed’s Lifeline Actually Toxic for the Global Economy?
Source: http://www.flickr.com/photos/zieak/ Even dressed up for the optimist, incoming information about the U.S. economic recovery sometimes seems dubious. The latest Employment Situation report, for...
View ArticleFed: Get Used to the Bubble Economy
“House prices have risen by nearly 25 percent over the past two years,” Ben Bernanke said in 2005. ”Although speculative activity has increased in some areas, at a national level, these price...
View ArticleWas the Fed’s No-Taper Announcement Leaked to Wall Street?
Source: http://www.flickr.com/photos/teegardin/ Chicago-area research and analysis firm Nanex is the creator and developer of a high-performance ticker plant called NxCore, software that monitors...
View Article7 New Presidential Hires: A Cheat Sheet to Obama’s Picks
Thursday, President Barack Obama announced that he had plans to fill a number of administrative positions, and named those individuals he has picked out. “I’m confident that these outstanding...
View ArticleHere’s the Long-Term Case for Precious Metals
The year 2013 brought us one of the best bull market in equities since the mid 90′s. At the same time, to fund equity purchases and flee ‘safe assets,’ we saw a historic sell-off in silver...
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