Fed’s policy of price stability damages US economy
byAccording to a European Central Bank Governing Council member Ewald Nowotny, Federal Reserve Chairman Ben Bernanke sees no risk to inflation in the United…
Federal Reserve
The Corruption of Capitalism in America
byFollowing on from John Butler’s review, here’s Detlev’s take on “The Great Deformation” … David Stockman’s new book is a brilliant, penetrating analysis of the present state…
Is the Fed likely to alter its easy stance soon?
byOn Thursday April 4 the Federal Reserve Vice Chairman Janet Yellen said in Washington the Federal Open Market Committee (FOMC) should be prepared to…
Debt addiction, USA: how much debt reduction has the crisis caused?
byThe purpose of this essay is to put the latest crisis in the context of longer-term debt trends in the US and to attempt…
Assume the brace position
byOn rare occasions I make specific, near-term market predictions, most recently in Q3 last year, when I called for a modest equity market correction….
Should the Fed reverse its loose stance?
byAccording to Ben Bernanke, the Chairman of the Federal Reserve Board, the pulling back on aggressive policy measures too soon would pose a real…
Who benefits from the Fed?
byWe recently looked at the Federal Reserve’s 2012 results. In particular, we pointed to some positive and negative developments. On a positive note, the Fed managed…
The true significance of the $1 trillion coin
byUnder President Obama the debt of the United States government has grown by about 50%, and now stands at close to $16 trillion. Every…
The blind archer
byFinally, the great day has come and gone when the Fed would once again ride to the action, not daring to be left behind…
The Fed’s swap bailout of the eurozone
byOn Tuesday, March 26, 2012, I was invited by Ron Paul and his staff to assist a meeting of the Domestic Monetary Policy and…