The “Mistake of 1937”

May 01, 2012

The US Great Depression lasted from 1929 until 1945, but the deflationary phase of the Depression effectively ended in 1932.

Dutch Debt “On Edge of Downgrade”, Central Banks Add to Gold Reserves

Apr 24, 2012

SPOT MARKET gold prices climbed to $1643 an ounce Tuesday lunchtime in London – a 1.2% gain from yesterday's low, but still below Friday's close – as Eurozone concerns focused on the Netherlands after yesterday's government collapse.

A new twist on “Operation Twist”

Mar 12, 2012

Just when we think that Bernanke has exhausted his ability to come up with harebrained schemes to distort prices, he proves us wrong.

Is the Fed a Failure?

Mar 05, 2012

"Is the Fed a Failure?" is the title of an article by Gene Epstein in the 27th February edition of Barrons magazine. The article draws on the work of economist George Selgin to argue that the answer to the...

Green Shoots, Exit Strategy, NO QE 3

May 25, 2011

It is not clear whether the American financial community has the ability to observe and conclude that the US Federal Reserve is adrift and relies upon deception as policy in revealing its directions. Its position is to hold steady,...

Fed Transparency? And Here Comes Inflation…

Apr 04, 2011

The media has been happily reporting that the Fed is making itself “more transparent” with the news that Bernanke will now give quarterly press conferences AND that today the Fed releases the names of the banks who borrowed from...

Surf Warning: Tsunami to Lift Gold

Mar 23, 2011

  The entire world struggles to determine the fallout effects of the Japanese earthquake and tsunami, along with the ensuing problems. The effects are so pervasive, so profound, so critical, that it is no wonder the news networks focus...

The Probability of More Quantitative Easing

Mar 11, 2011

By The Mogambo Guru 03/10/11 Tampa, Florida – It would be an understatement to say that I was flabbergasted to see that the monetary base jumped $130 billion dollars in two weeks! Well, using an exclamation point as punctuation...

The Pimco Treasury Sale Conundrum…Or Is It?

Mar 11, 2011

By now everyone knows that Bill Gross/Pimco has sold down his/its Treasury exposure to zero.  Rather than ask “why,” quite frankly, my question has been “why did it take so long?”   In other words, anyone who knows anything about...

QE: Hyperinflation to Oblivion

Mar 09, 2011

USFed Chairman Bernanke and the Quantitative Easing programs are caught in a negative feedback loop, the instruments at risk being the USDollar and the USTreasury Bond. The former suffers from lost integrity and direct inflation effect. The latter suffers...