The responses in Europe and the U.S. to slow growth/debt/austerity seem to foster a belief that while deflation is a possibility, monetary inflation can triumph and solve the problems. Commentary from many sources on the recent FED actions seems to…Continue Reading →
Since the Fed action we have talked about what the market knows and doesn’t know. Today is a day when the players of “the think it knows group” try to make their case of a stock market in consolidation and are encouraged…Continue Reading →
Assuming that the number is correct, i.e. 47 percent of the people in the US don’t pay taxes, and that a big portion of them are people out of work, people in low paying jobs, and older people on SS,…Continue Reading →
Whatever your market news source, the message since the Fed meeting has been overwhelming, buy everything, don’t fight the Fed, inflation is baked in the cake, markets have to go higher, buy commodities, sell the dollar, and more of the…Continue Reading →
Too bad for Ben. Once again he blinked in the face of a monumental problem. We all know what the problem is, the UNCERTAINTY created by the Republican obstructionist attitudes in Congress. Congress refuses to work out a timetable for a…Continue Reading →
Yesterdays irresponsible action on the part of the Fed is now in the hands of the market. What makes Ben think that what has happened to interest rates in Spain, Italy, and Greece after their irresponsible actions cannot happen here? …Continue Reading →
Ever since the dollar bottomed in April 2011 the Fed has been relentless in pursuing a policy that tries to destroy the dollar. In the 17 months since April 2011 the Fed has pushed the long bond up 32 percent,…Continue Reading →
The US stock markets are again back to saying that Ben has to do QE3 or the markets will crash. Will Ben give in again to the cry babies ? Tomorrow we will find out. What we do know is…Continue Reading →
The Fed meeting coming up this week is one of two important issues for the week the other is the German legal issue. One good thing about the election is that there seems to be a growing realization that Fed…Continue Reading →
An article today written by Robert Kuttner in Seeking Alpha says it better than my off the cuff remarks of yesterday. http://seekingalpha.com/article/842961-what-bernanke-couldn-t-quite-say?source=email_the_daily_dispatch&ifp=0 As Kuttner says, it was the popular press that interpreted the message in the way that they wanted…Continue Reading →