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Perhaps nothing defined the absurdity of the Obama era as much as President Obama’s reception of the Nobel Peace Prize in 2009 Having been in power for less than eight months at the time he...
Central bankers around the world, including the US Federal Reserve System, are facing a dilemma With inflation at 40-year highs, and hitting double digits in some countries for the first time in...
When it comes to trying to understand why markets behave the way they do, it can be important to realize that psychology can play just as important a role as reality And that’s perhaps never been...
After many months of speculation, the Federal Reserve’s Federal Open Market Committee (FOMC) has finally decided to begin tapering its asset purchases The FOMC announced last week that the taper...
Ever since the 2008 financial crisis, central banks have taken on new positions of importance Once operating largely in the shadows, today the actions of central banks are front and center in the...
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...
Most people realize that mainstream financial institutions don’t like gold In many cases it’s because they can’t make money selling investors on gold, whereas they can make commissions every...
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...
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...
I haven’t seen any news on the topic, but I’ll venture to guess the best job in the world right now is that of a bond salesman And you know life is good if you’re a bond salesman with only one...
