Global Market Commentary, Analysis and Investments
It’s now official. The country is in dire monetary straits. So says a recent article in the The New York Times, sort of.
Seriously. We can talk about it in public, in polite company, and we’re not some fringe, kooky gold & guns element anymore.
Yes, we’re near the beginning of April, but I’m not fooling…
[Read more...]“I laughed so hard,” one reader comments, “watched again, laughed even harder…”
“That is the funniest **** I’ve seen all year,” agrees another. “Sums it all up.”
[Read more...]Stocks are on the rise. Gold is on the rise. Bitcoin is on the rise. Everything is up…up…and, away!
The Dow has been on a tear this week, up 300+ points since Tuesday’s low. What’s causing the rally? Is the economy fixed? Have Bernanke’s magic money elixirs finally done their job? Or is collective delusion on the march once again?
[Read more...]The Dow Jones ended the week with a small gain, but this is no big deal as it did so because the Federal Reserve made sure it did. Here is an article which quotes the President of the Dallas Fed admitting that the Fed is manipulating the stock market’s valuation higher.
LONDON, Feb 25 (Reuters) – Gold rose on Monday, as rallying stock markets and a broadly lower dollar helped the metal recoup some of last week’s losses, but investors were cautious ahead of Fed Chairman Ben Bernanke’s testimony to Congress later this week.
Analysts said the market was also finding background support from a downgrade of Britain’s credit rating by Moody’s and signs that Japan would continue with ultra easy monetary policy.
No matter how much I try to calm down, I can’t stop being angry about the unbelievable, towering arrogance of the horrid Ben Bernanke, chairman of the Federal Reserve, when he actually said, “One myth that’s out there is that what we’re doing is printing money. We’re not printing money. The amount of currency in circulation is not changing�!!
[Read more...]On precisely the same weekend in November as the Republican victory parties in and around Washington, the Fed celebrated its centennial far away from its DC home at Jekyll Island, Georgia. One hundred years ago, seven US Congressmen and bankers gathered together in secret at this highly remote location to lay the political foundations for what would become, in 1913, the Federal Reserve Act. The ostensible purpose of creating the Federal Reserve was to provide for greater financial stability in the wake of the US banking panic of 1907. So how has the Fed fared in this role?
[Read more...]Fed Chairman Bernanke’s speech on Friday was his most important since his “helicopter money� speech of November 2002. In it he conceded the Dollar Standard is flawed. He said, “As currently constituted, the international monetary system has a structural flaw: It lacks a mechanism, market based or otherwise, to induce needed adjustments by surplus countries, which can result in persistent imbalances.�
[Read more...]Yesterday, JPMorgan & Chase Co. reported its anticipated impact of $600 billion in additional quantitative easing on the dollar, which will be devastating. JPMorgan finds it likely loose monetary policy could cause the dollar to collapse below 75 yen and become the weakest of planet’s most-traded currencies.
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A Case of the Mondays
“In the first quarter of 2012,” read the statement issued before this morning’s open, “Caterpillar dealers added machine inventory of about $875 million, and this year, they reduced machine inventory by about $700 million.”
By all rights, the market should be having — as the annoying receptionist in Office Space said — “a case of the Mondays.” We count at least six items that should be dragging the market down.
[Read more...]Click for detailed story