Monthly Archives - May 2019

Moore and Cain Out… Will Judy Shelton Be Trump’s Next Pick?

President Trump doesn’t have a great track record in nominating people to the Federal Reserve Board, with several of his picks having decided to remove themselves from contention over the past couple of years. The latest two were his picks to fill the two remaining spots on the Fed’s Board of Governors, economist Stephen Moore and businessman Herman Cain. Both Moore and Cain were savaged by the mainstream media, which picked up on their previous support of the gold standard. [...]

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Stock Markets Give Up Gains as Fed Signals No Rate Cut in Sight

By now most people realize that the only reason stock markets have done so well over the past few years is because of the Federal Reserve’s loose monetary policy. Low interest rates have spurred companies to issue massive amounts of debt in order for them to be able to buy back their stock shares. In fact, over the past decade the major net purchasers of stocks have been companies themselves, not investors. That’s the reason for the bull market [...]

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One Important Thing to Remember Before You Retire: Your Money Isn’t All Yours

The stock market bull run of the last three years has resulted in the creation of more 401(k) millionaires than ever before. But while it can be tempting to look at your 401(k) balance and think that you’re going to do well in retirement, you can’t forget one important thing: taxes. One of the reasons 401(k) balances grow as large as they do is because they’re able to use pre-tax dollars and grow tax-deferred until it’s time to take a [...]

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Gold Repatriation Continues Apace: Do These Countries Know Something That We Don’t?

It’s no secret that central banks have been large buyers of gold over the past few years. Last year nearly set a record for gold purchases by central banks and the trend looks set to continue this year. But those central banks who already own gold are increasingly looking to hold onto it themselves. They no longer trust that their gold will be safe in New York, London, or Paris, and they’re increasingly looking to repatriate their gold and [...]

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Has the Federal Reserve Lost Control of Interest Rates?

One of the keys to the mainstream’s faith in the financial system is the belief that the Federal Reserve is actually capable of managing interest rates. The Fed eases policy to lower interest rates and tightens policy to raise interest rates. But what happens if the Fed loses control of interest rates? What happens if the Fed’s purchases and sales of assets fail to have the anticipated effect on interest rates? That possibility never seems to occur to most [...]

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