Political Economy

From Comstock Partners In a scholarly paper that was released today James Bullard, President of the Federal Reserve Bank of St. Louis, stated, "The U.S. is closer to a Japanese-style outcome than at any time in recent…

This is the Federal Reserve Bank of St. Louis piece by James Bullard that everyone is talking about. Here's the money quote: Under current policy in the U.S., the reaction to a negative shock is perceived to be a promise to stay low…

I have enjoyed Edward Hugh and Claus Vistesen's posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to…

A personal note of reflection from Mike Farrell, CEO of Annaly Capital Management. It had been a long time between vacations. Credit crunch, lending implosion, sovereign credits going into default, currency devaluations, government…

I heard this about Bell, California on the car radio this morning. The sums involved are absolutely astronomical for a town of 37,000.  This may be an extreme case but it far from isolated. Hundreds of residents of one of the…

From The 8 Jul 2010 Daily Dispatch Dear Reader, In past editions of this service, I’ve advocated tuning your personal radar to pick up early indications that the government is taking an active interest in gold. Especially when that…

An interesting wrinkle in the recently passed healthcare legislation involves language inserted into the bill to track gold bullion sales. For gold dealers, the problem is the paperwork because they now have to file 1099 forms for every…

Here's how one well-respected equity analyst sees yesterday's performance by Federal Reserve Chairman Ben Bernanke: The Fed has a disconcerting power over the financial markets The Fed is calling the tune – that much is clear. Many…

Source: Casey Research

There is a comprehensive review today in The Washington Post of a two year investigation of a hidden world that orbits what is known as Homeland Security. Here are a few highlights: These are some of the findings of a two-year…