Tapering – join the dots and end up with ZIRP
byNow we know: The Fed is going to purchase $75bn of assets, a reduction of $10bn a month. The two other bits of information…
Economics
The Fed celebrates its 100th birthday
byCobden Centre fellow John Phelan has written an article for US edition of the Wall Street Journal – The Fed Celebrates Its 100th Birthday…
No zero bound on reason
byFive years and more since the successive collapse of the pillars of the American financial system ushered in our present dire ‘unorthodoxy’, it should…
Value versus momentum and the gold price
byFor many commentators there are two distinct camps in the gold market: investors in bullion and speculators in the paper market. With the two…
Currency war means currency suicide
byWhat the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.” National…
There is too little gold in the West
byWestern central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They…
It’s time to end the cruel delusion of cheap money and reckless spending
bySteve Baker has written an article for today’s City A.M. calling for an end to the ‘cruel delusion of cheap money and reckless spending‘:…
The root of all evil
byThe FT blog entry dealing with the Pope’s recent apostolic exhortation is, as we might expect, a somewhat tendentious selection, archly culled from the…
Today’s wealth destruction is hidden by government debt
byStill unnoticed by a large part of the population is that we have been living through a period of relative impoverishment. Money has been…
Life, but not as we know it
by“We have the best government that money can buy.” – Mark Twain. It says a lot about the financial establishment that the most revelatory…