quantitative easing

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

With commodity prices, there are a number of forces at play working to increase prices, including a thirst for natural resources in China and other emerging markets, a natural disaster in Australia, and the La Niña effect on agricultural…

By Marshall Auerback Yesterday, Ed wrote a good piece on consumer spending and the return of the economy to the status quo ante. I think it's a little bit more malign than that. There has been a real positive change in the underpinnings…

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

by Comstock Partners The majority of economists and strategists are now telling anyone who will listen that  the economic recovery is now normal and are trumpeting this view to jump-start the stock market. They are confidently…

On Monday I first learned that Spain was to partially nationalise its banking system via the Financial Times Deutschland. The title of this article is the most appropriate I have seen discussing the issue, "Madrid riskiert für Cajas…

In anticipation of the state visit by Chinese Leader Hu Jintao, I spoke about the pressure on US politicians to do something about the Chinese currency problem with RT America's Alyona Minkovski on the Alyona Show last night. The video is…

By Claus Vistesen It would have been hard to believe only a few weeks ago that the euro zone could be the source of any good news, let alone news to help push the market forward. Yet, with last week’s successful bond auctions and the…

Former Atlanta Fed President William Ford says, technically, yes, the Fed can go bankrupt. He argues that the Fed's balance sheet is highly leveraged as a result of quantitative easing expanding its balance sheet. The result is that the…

by Edward Harrison The US post-bubble experience is often compared to the Japanese post-bubble experience. I have written a number of posts on the Japanese experience myself. Here are a number from 2008: A cautionary tale: story from…