Silver as an investment

Category Archives: Warsh

Former Fed Governor: “The Fed Isn’t As Independent As Many Think”

With every passing day, the Fed is slowly losing the game, a point made earlier today by SocGen’s Albert Edwards who wrotes that “Citizens Will Soon Turn Their Rage Towards Central Bankers.” And it is not just skeptical pundits, and former (and in some cases current) Fed presidents admitting central banks are increasingly powerless to […]

Axel Merk: “There’s More To Investing Than Chasing Companies That Want To Make Mars Inhabitable”

Authored by Axel Merk via MerkInvestments.com, How does one construct a portfolio in an era of seemingly ever rising and highly correlated asset prices? Years of asset prices moving higher has changed both retail and institutional investors; it has changed the industry; and, in my humble opinion, those changes spell trouble. The prudent investor might […]

The Reckoning Looms – Central Bankers Really Don’t Know What They’re Doing

Submitted by Michael Snider via Alhambra Investment Partners, As I have written many, many times, the “unexpected” events of January and February were a dramatic wake-up call for central banks. Last August’s global liquidation they could at least try to ignore because it could possibly fit within the paradigm of “transitory”, a one-off aberration that […]

“The Great Unraveling” – Hilsenrath Slams The Fed: “Years Of Fed Missteps” Foster US Populism, Disillusion

For years we have argued that the main reasons for rising social anger, populist sentiment, and general disillusion with the US economy boils down to one thing: the Federal Reserve, which as we have argued since 2009, has approached the crisis aftermath in a wrong way, generated unprecedented wealth inequality through its monetary policy favoring […]

Is The End Nigh? Former FOMC Member Warns “The Fed Is Vulnerable”

Authored by former Fed member Kevin Warsh, originally posted op-ed via The Wall Street Journal, The conduct of monetary policy in recent years has been deeply flawed. U.S. economic growth lags prior recoveries, falling short of forecasts and deteriorating in the most recent quarters. This week in Jackson Hole, Wyo., the Federal Reserve Bank of […]

Former Fed Governor Admits “Fed Is Not Data Dependent; It Is Propping Up Asset Markets”

Submitted by Samuel Bryan via SchiffGold.com, Earlier this year, Peter Schiff picked up on something few reported on when a former Federal Reserve president admitted the central bank created a phony wealth effect by pumping up stocks and other asset markets through its monetary policy. Several months later, analysis proved this was true, showing that […]

Peter Boockvar Warns “If Central Bankers Get Their Way, The Global Bond Market Will Blow Up”

Via GoldSwitzerland.com, Lars Schall interviewed Peter Boockvar. Peter is one of those rare and informed people in the investment space who really understands the history and role of Central Banks in general, the Federal Reserve Bank in particular, and their interactions with the financial industry on (government) policy. We are very pleased to have Peter […]

ECB Doubles Down on Financial Repression

We just posted a comment on the situation in the EU, where financial repression is still increasing.  Big concern from my perspective is that negative rates and central bank market intervention seem to be frightening investors and convincing savers to abandon the financial system.  Look at the earnings reports from UBS and the other large […]

How QE Crushes The Real Economy & Why The Secular Low In Treasury Yields Lies Ahead

The economy was supposed to fire on all cylinders in 2015. Sufficient time had passed for the often-mentioned lags in monetary and fiscal policy to finally work their way through the system according to many pundits inside and outside the Fed. Surely the economy would be kick-started by: three rounds of quantitative easing and forward […]

“Irreversibly Broken & Dysfunctional” – There’s Something Wrong In The Markets

Submitted by Doug Noland via Credit Bubble Bulletin, Bloomberg: “The October Jobs Report Gives Fed Officials a Green Light to Raise Rates.” With global “risk on” back in full swing, the focus of U.S. monetary policy belatedly shifts back to fundamentals. October’s 271,000 was the largest jobs gain since last December. The unemployment rate is […]