Silver as an investment

Category Archives: Fellows of the Econometric Society

How To Stick It To Your Banker, The Fed, & The Whole Doggone Fiat Money System

Authored by EconomicPrism's MN Gordon via Acting-Man.com, Bernanke Redux Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job.  Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet […]

The Fed is Not Political, And I Have a Bridge To Sell You

Via The Daily Bell There is an old saying that one should never talk about politics or religion. I think that is just a way to make sure people don’t talk about anything productive or eye opening. And I think it is basically the same attitude that makes the New York Times tell us not […]

Is The Deep State Creating Another “Crash Of 1929”?

Authored by Jeff Thomas via InternationalMan.com, Regarding the Great Depression… we did it. We’re very sorry… We won’t do it again. – Ben Bernanke   Waiting too long to begin moving toward the neutral rate could risk a nasty surprise down the road—either too much inflation, financial instability, or both. – Janet Yellen In his […]

Yellen’s Self-Serving Assessment: Fed Is “Doing Pretty Well”

Authored by Mike Shedlock via MishTalk.com, Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done. Her self-serving assessment is the Fed is “doing pretty well”. And her new message of the […]

Will Trump Stop Plans to Ban Cash in the US?

The biggest trend that continues “behind the scenes” is the War on Cash. Anyone who believed that the political shift towards nationalism would somehow result in the elites giving up their Central Planning schemes is mistaken. Consider Europe… Recently, the European Union announced it would start researching whether or not to put an upper limit […]

Watch Live: Janet Yellen Tells America “Growing Up Poor Makes It Harder To Succeed As An Adult”

While not directly addressing monetary policy, this morning Janet Yellen delivers a speech titled “Strong Foundations: The Economic Futures of Kids and Communities” at the 10th Biennial Federal Reserve System Community Development Research Conference in Washington, D.C. And while she won’t talk about the pace of future rate hikes, or the future of the balance […]

Obama, Bernanke and Yellen Rigged the Bond Market. Now it’s Trump Turn to Dance or be their Dunce! – By Michael Carino

Government dysfunction is at its worst.  We voted them in.  We have no one to blame but ourselves. Granted, the choices were abysmal. But the Republican and Democratic parties, with no third party competition, can continue to run dysfunctional governments, whittling away our dominant global position until the cracks of our broken government becomes abundantly […]

Another “Recession Dead Ahead” Indicator Just Hit

During the FOMC press conference this week, Janet Yellen was pushed by Bloomberg’s Kathleen Hays to explain why she hiked rates amid what was evidently not a surging economy. While Q1 looks to be the weakest economic growth period for a rate hike since 1980…    Today we got some more weakness-confirming real-time ‘hard’ data […]

The Fed faces Stagflation (Hike or No Hike)

The Fed has completely backed itself into a corner. The truth that no one wants to admit, is that the Fed should have raised rates in 2012. Instead Bernanke “gifted” QE 3 to the Obama admin to help its re-election bid. The Fed finally got around the hiking rates for the first time in seven […]

Why You Should Be Nervous About Janet Yellen’s Speech Tomorrow

While virtually all prominent market commentators, most recently Bloomberg’s Mark Cudmore, now seem convinced that the Fed will hike by 25bps on March 15, when just as recently as a week ago the question was June or September, some are still skeptical. One among them is Vincent Cignarella, FX strategist who writes for Bloomberg, who […]