“Nobody really understands gold prices, and I don’t pretend to understand them either.” …
Ben Bernanke Invents Supply Side Keynesian Economics
Ben Bernanke is back, having been interviewed during the past month by The New York Times, NPR, CNNMoney, The Hill, Bloomberg, CNBC and other media. That his book, The Courage…
Fed Policy Brings Record Stock Buybacks
Just once, we’d like to post that the economy is growing like pumpkins in September, that personal income is soaring (or at least not falling), that jobs are being created,…
How Ben Bernanke Saved the World
“It became necessary to destroy the town to save it.” U.S. major talking about Bến Tre, Vietnam The Wall Street…
Century Old Fed Has Inflationary History
With the Federal Reserve Board celebrating its 100th birthday, it’s a good time to look back on the past century to see how The Fed has fared. We’ve been critical…
Paper Taper
So the taper begins in January. Big deal. That was the market’s initial reaction anyway. In fact, the market viewed this week’s announcement as a positive, setting yet another record. …
When Common Sense Is Senseless
What was I thinking? Over the past couple of years, I’ve preached caution. Corporate profits were down and unemployment was up. The economy wasn’t growing, but the federal debt was. …
Giving Thanks
Given our general grumpiness and Chicken Little attitude about current economic policies, you might think we’re not big on giving thanks. Not true. We love Thanksgiving. This uniquely American holiday…
Taperphobia Hits Wall Street
A taperphobia epidemic has Wall Street in a panic yet again. “Taperphobia” is an irrational fear of common sense. Symptoms include a falling stock market, soaring bond yields and ongoing…