Silver as an investment

Category Archives: Larry Summers

Weekend Reading: Markets Love Central Banks – No Matter What They Do

Authored by Lance Roberts via RealInvestmentAdvice.com, I discussed yesterday, the apparent “myth” of the Fed’s proposed “balance sheet reduction” program as the most recent analysis shows a $13.5 billion “reinvestment” into their balance sheet which has helped fuel the recent market advance. But therein lies the potential “fatal flaw” of the “bullish logic.”  At the […]

Chris Hedges: Elites “Have No Credibility Left”

Chris Hedges and David North via TruthDig.com, On Monday, WSWS International Editorial Board Chairman David North interviewed Chris Hedges, the Pulitzer Prize-winning journalist, author, lecturer and former New York Times correspondent. Among Hedges’ best-known books are War is a Force That Gives Us Meaning, The Death of the Liberal Class, Empire of Illusion: the End of Literacy and the […]

Weekend Reading: $7 Trillion To Manipulate Prices

Authoreed by Lance Roberts via RealInvestmentAdvice.com, As the stock market continues to press new highs, the level of optimism climbs with it. I discussed yesterday Richard Thaler’s, a recent recipient of the Nobel Price in Economics, comments about not understanding the current “irrationality of investors relating to their investing behavior.” What is interesting is that […]

The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]

Weekend Reading: Yellen Lets Doves Fly

Authored by Lance Roberts via RealInvestment Advice.com, As I noted in yesterday’s missive, Yellen’s recent testimony on Capitol Hill sent robots frantically chasing asset prices on Thursday even before testimony began. The catalyst was the release of prepared testimony which included this one single sentence: “Because the neutral rate is currently quite low by historical […]

Why It’s So Difficult To Call The Market Top

Via Global Macro Monitor, This is one of our favorite posts of all-time. Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.  It’s all about yield-seeking capital flows, my friends.   Tell us what interest rate is the tipping point which thwarts that behavior and we […]

SocGen: The Fed Is Raising Rates Too Slowly To Contain Asset Bubbles

Yesterday, when looking at the divergence between the slowing US economy and the Fed’s insistence on hiking rates, Bank of America’s David Woo asked if there is a different motive behind the Fed’s tightening intentions, namely is the Fed trying to pop the market asset bubble: “Can it be the case that its hawkishness was […]

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 […]

Productivity Myths Shattered: Is Productivity Rising Or Falling? Why?

Authored by Mike Shedlock via MishTalk.com, The debate over productivity rages on. Some believe productivity is understated. Others believe it is overstated. Janet Yellen believes a lack of strong productivity gains may be responsible for tepid wage gains. Financial Times writer Edward Luce is confused, as are many others. Luce discusses The Mystery of Weak US […]

Do Wars Help or HURT the Economy?

Does Defense Spending Stimulate the Economy and Create Jobs … Or Is It BAD for the Economy? Preface: Trump wants to drastically increase military spending.  At the same time, France, China, Japan and other countries are ramping up their military spending. An understanding of the effect on the economy is therefore timely. A number of […]