4 Things to Watch for in 2021
Because 2020 was such a strange year in so many ways, we’re all hoping that 2021 will be better But 2021 could be a dangerous year for many investors While 2020 has turned out to be not as bad as...
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Because 2020 was such a strange year in so many ways, we’re all hoping that 2021 will be better But 2021 could be a dangerous year for many investors While 2020 has turned out to be not as bad as...
With stock markets continuing to push toward new record highs, there has been much talk about the US entering another “Roaring Twenties” The 1920s have become almost legendary in popular culture,...
The gold price isn’t just watched by gold investors, it’s also watched by market observers as a barometer of economic health When the gold price begins rising, and especially when it rises...
If you thought that the monetary policy of the Federal Reserve and other central banks today seems similar to the response to the 2008 financial crisis, you’d be right Central banks have always...
The idea of creating money out of thin air to solve economic problems is one of the oldest sophistries of all time The creation of money has been the downfall of many a government and empire over...
When looking at government finance, there are two main areas of policy: fiscal policy and monetary policy Fiscal policy encompasses federal spending, the federal budget, the appropriations process,...
In his much awaited speech at the Kansas City Fed’s annual Jackson Hole conference last week, Federal Reserve Chairman Jerome Powell announced a move away from the Federal Reserve’s traditional...
On August 15, 1971, President Nixon officially closed the gold window, thus severing the last official link between the US dollar and gold While US citizens had been banned from owning gold since...
The US Bureau of Economic Analysis released its advance estimate of second quarter GDP Thursday morning, and it was as frightful as you could imagine US economic output declined by an annualized...
The Federal Reserve’s Federal Open Market Committee (FOMC) has just wrapped up its last meeting before Washington, DC clears out in August The next meeting isn’t scheduled until mid-September The...
No one wants to think that hyperinflation can happen in the United States, but it can We’re all familiar with hyperinflationary crises in Weimar Germany, Zimbabwe, and numerous other countries...
Last week saw an unprecedented market freakout, as markets began pricing in the likelihood of negative interest rates in the future Futures markets anticipated negative rates as soon as November,...
Most investors know by now that the Federal Reserve has intervened heavily in the US economy over the past several weeks What they may not realize, however, is just how deep that intervention has...
The last couple of weeks have seen an unprecedented amount of Federal Reserve intervention in financial markets Just to recap, here’s what the Fed had already done as of last Friday: Pledged...
The bad news just keeps getting worse and worse After a 100-basis point rate cut and $700 billion in quantitative easing, the Federal Reserve has announced that it is opening up a new Commercial...
The bad news just keeps getting worse for investors, as stock markets continue their slide The Dow Jones lost 10% today, dropping over 2,350 points to end the day Not even an unprecedented monetary...
With the Federal Open Market Committee (FOMC) moving last week to cut its target federal funds rate by 50 basis points, all eyes are on next week’s FOMC meeting to see what the Fed does next The...
If you’re not familiar with the President’s Working Group on Financial Markets, you should be Also known as the Plunge Protection Team, the group works behind the scenes to shore up financial...
There seems to be a great deal of complacency among many in the United States about the effect that the coronavirus will have on the US economy Thus far it’s been treated as an issue that only...
In yet more confirmation that monetary policy normalization will never occur, Federal Reserve Chairman Jay Powell stated in his recent testimony before Congress that “low rates are not really a...
One of the characteristic traits of an economy that is circling the drain is one in which the central bank directly monetizes the debt issued by the government Once that starts to happen, there is no...