Posted on August 24, 2015
Fasten your seat belts, this ride is getting interesting.
Posted on August 7, 2015
Over the past few years observing changes in Federal Reserve interest rate policy has been a little like watching paint dry or grass grow…only not as exciting.
Posted on July 30, 2015
While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro.
Posted on July 27, 2015
The recent nuclear non-proliferation agreement between Iran and the U.S. has created a firestorm debate in the Middle East and both sides of the Atlantic.
Posted on July 22, 2015
Ironically, in a world awash in fiat currencies that are created at an ever increasing pace, and whose value is solely derived from faith in the issuing state, gold is the only form of money whose value does not require a leap of faith.
Posted on July 15, 2015
As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency.
Posted on June 17, 2015
Based on the continued failure of the negotiating parties to make any substantive progress in the talks over Greek debt payments, the financial world is tied up in knots over a possible Greek exit from the European Union.
Posted on June 9, 2015
That the Fed is creating new bubbles that no one seems willing to confront or even acknowledge.
Posted on May 26, 2015
The problem hinges on the efficacy of the "seasonal' adjustments that are baked into the GDP methodology.
Posted on May 13, 2015
We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused.
Posted on May 6, 2015
The word was meant to convey the belief that central banking was best done for all to see in the full light of day, not in the murky back rooms of Washington and New York.
Posted on March 24, 2015
By simultaneously claiming to be both aggressive and defensive, and to be moving forward even while standing still, Yellen positioned the Fed as being all things to all people, thereby igniting a rally in all asset classes at the same time.
Posted on March 10, 2015
Although I have been critical of the Fed for many years, I never imagined that it would provide me with material that bordered on the metaphysical.
Posted on February 3, 2015
Last week a scene unfolded in Athens that provided all the visual and metaphorical symbols needed to define the current state of the global economy.
Posted on January 20, 2015
If anyone had any doubt how severely the global economy has been distorted by the actions of central bankers, the "surprise" announcement last week by the Swiss National Bank (SNB) to no longer peg the Swiss franc to the euro should provide a moment of crystal clarity.
Posted on January 4, 2015
The sudden fall in the price of oil provides a unique opportunity to examine the widely held belief that deflation is economic poison.
Posted on December 22, 2014
In a normal economic times falling energy costs would be considered unadulterated good news.
Posted on December 15, 2014
The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments.
Posted on December 9, 2014
There can be little doubt that data releases rather than experience or intuition are driving the economic conversation.
Posted on December 3, 2014
The piece sheds important light on how the Federal Reserve's attitude regarding sub 2% inflation has changed significantly over the years.
Posted on November 24, 2014
All eyes should now be focused on the Swiss voters.
Posted on November 19, 2014
As Japanese Prime Minster Shinzo Abe has turned his country into a petri dish of Keynesian ideas, the trajectory of Japan's economy has much to teach us about the wisdom of those policies.
Posted on November 13, 2014
As far as stocks go, we have lived by QE. The only question now is, whether we will die without it.
Posted on November 6, 2014
The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever.
Posted on October 16, 2014
In an article in the UK's Telegraph on October 10, veteran economic correspondent Ambrose Evans-Pritchard laid bare the essential truth of the nearly universal current embrace of inflation as an economic panacea.
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