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 [...]
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 [...]
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 [...]
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 [...]
Rumor now has it that Wikileaks’ next leak will be the bust of a major American bank. The exciting question, perhaps, is less what the details might be (we’ve basically seen it all over the past two years, if we’ve been paying attention) than what bank Wikileaks will bust.
Julian Assange, the creator of Wikileaks, did [...]