Silver as an investment

Category Archives: Guggenheim Fellows

Dear Jay… You Have A Problem

It is said that the markets will test a new Fed Chair early on and judging by the fact that financial conditions just tumbled to their 'easiest' in 24 years – despite four rate hikes – Jerome Powell will have his work cut out persuading the market that he is serious (before this bubble bursts). […]

If Economists Are So Smart, Why Are They Always Wrong?

When I took Econ 101 and 102 as a young college student back in antediluvian times the textbook we were assigned was Paul Samuelson’s Economics: An Introductory Analysis. This book is the all-time best selling economics textbook and is still around today (19th ed.). I had the 1961 edition. In it, Samuelson, a prominent Keynesian economist who won […]

Is Yellen Trying To Ride Into The Sunset?

Authored by Kevin Muir via The Macro Tourist blog, Bernanke presided over the Great Financial Crisis of 2008. Greenspan had the 1987 crash, along with the 2000 DotCom bust. Volcker had the bond debacle of the early 1980’s and the subsequent Latin American debt crisis. For the past 35 years, every Fed Chairperson has been […]

“Central Bankers Aren’t As Clever (And We’re Not As Dumb) As They Believe”

Authored by Jeffrey Snider via Alhambra Investment Partners, To complete a trifecta, maybe someone could interview Alan Greenspan about rational exuberance. The last of the latest Fed Chairmen, Janet Yellen, purports this week that the next financial crisis will not be in “our lifetimes.” The issue, however, isn’t even crisis so much as credibility. Given […]

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 […]

What Nassim Taleb Can Teach Us

Authored by Jeff Deist via The Mises Institute, Nassim Nicholas Taleb does not suffer fools gladly. Author of several books including The Black Swan and Antifragile, Taleb is known for his incendiary personality almost as much as his brilliant work in probability theory. Readers of his very active Medium page will experience a formidable mind […]

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 […]

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 […]

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 […]