From the category archives:

Federal Reserve

Heads of the Federal Reserves of Atlanta, St. Louis and San Francisco this week have all expressed agreement on the fact that more stimulus – aka monetary accomodation -  is needed for the US economy.  John Williams (San Francisco), Dennis Lockhart (Atlanta) and James Bullard (St. Louis) – all voting members of the FOMC (Federal [...]

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The rate at which investors are willing to lend the U.S. government money for ten years just reached a new near-term low on May 31, 2012.  Financial commentators were calling it “mesmerizing.”  How could so many people be so willing to lend money for so long and be paid so little for it?
What Is the [...]

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It has been a while since we have provided an update on the state of global financial affairs.  Looking back one year, however, we are forced to ask ourselves how much has really changed at the level of the news headline.  Most of the headlines we see now are quite similar to what we saw [...]

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Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default.  In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years!  The question is why, you might ask.  Debt problems [...]

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The US Dollar has sunk to 2.5 year lows.  This is a significant time frame, as currently, Brent oil futures are also at 2.5 year highs.  Outdoing both of these, gold is at all-time nominal highs, having closed April 2011 at $1563/oz.
Bernanke keeps saying that a strong dollar is in the U.S.’ best interests, and [...]

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Should we be concerned about $110+ oil?  Since the beginning of March, and noticeably after the March 11 triple tsunami-earthquake-nuclear disaster in Japan, oil prices have shot through the roof and show no signs of abating.  Events in Libya have helped keep oil support levels high as well, but many argue this is no mere [...]

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So, like many people, maybe you’re sick of the so-called “doom and gloom” crowd – that’s too bad.  Because reality doesn’t depend on fashion and it isn’t going to wait for you to agree with it before basic cause and effect takes hold and serves you up a dish you don’t like.
Niall Ferguson is different [...]

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