money

In the clearest signal yet that we are still in a potentially devastating global deflationary spiral, The Riksbank, Sweden’s central bank and the world’s oldest central bank, has effectively cut interest rates to minus 0.25% and has started…

The Absolute Return Letter, July 2009 “You can’t beat deflation in a credit-based system.”-Robert Prechter The great debate As investors we are faced with the consequences of our decisions every single day; however, as my old mentor…

In the lead-up to next week’s G8 summit, the Chinese have been making yet more noises about setting up a new monetary system without the dollar as its anchor and leading reserve currency.  The Chinese, who have maintained a export…

Of late, there have been a lot of worries about he potential for inflation in the U.S.  Marc Faber is the most noted pundit in this regard. Over-the-top comments he made back in May about hyperinflation in the U.S. may have been a catalyst…

As If you didn’t know this already, the wall of money being funnelled through Chinese banks is creating a massive speculative bubble in shares.  The Telegraph reports: Under orders from the government, China's banks have flooded…

It seems like a long time off, but the Fed is going to eventually have to withdraw all of the excess liquidity it has created when the economy recovers.  However, doing so will prove tricky.  First, we have debt deflationary…

In case you missed it, Federal Reserve Chairman Ben Bernanke was on Capitol Hill this morning making his caseregarding the Bank of America – Merrill Lynch deal.  The Chairman stated in unequivocal terms that he did not pressure…

Here’s a conspiracy theory for you.  As I am not much of a conspiracy theorist, I ill keep this one pretty simple. Here’s the chain of events. Back in late September when the world was falling apart, Ben Bernanke, Tim Geithner and Hank…

Just last week, we saw a parade of banks exiting the dreaded TARP program set up last year by the U.S. government and used to temporarily recapitalize the U.S. banking system.  The banks were able to do so in no small measure because…

Will Hutton has a pretty good interview with Paul Krugman in the Guardian newspaper.  The exchange is quite long, so it gives you a fairly broad understanding of Krugman’s view on the global economy and specific country economies.  What I…