Federal Reserve

Dylan Grice, courtesy of Zero Hedge, says not anytime soon….

…What also seems to have escaped the public is that the Fed is now the world’s largest bank, with total assets near $2.3 trillion. We provide a weekly update of the Fed’s balance sheet and while we briefly note the liability side, our, and everyone else’s, attention, is traditionally focused on the asset side…

GOLD THOUGHTS by Ned W. Schmidt, CFA, CEBS Schmidt Management Company The calendar date is now sufficiently far enough in the future from the injection of massive amounts of liquidity by the world’s central banks in 2008 that if inflation was to be a consequence of that action, it would be readily evident. However, as … Continue reading

Gold and Euro analysis from Ashraf Laidi…..

Abstract: For all its fatal flaws, the $USD is still king of the hill – and for now at least, the focus of investor optimism has shifted to the United States.

And with the weight of evidence leaning in favor of the dollar at this stage, as I laid out here in my article last week, this latest announcement by the Fed provides….

Indeed, the Fed will have to keep a close eye on inflation, but it also will have to watch for turbulence in the housing sector. The FOMC statement said that the Fed is still in the process….

If there is one man in the nation’s capitol who maybe isn’t too unhappy about Treasury Secretary Tim Geithner being in the news today, it’s probably Fed Chairman Ben Bernanke who delivered a speech titled Monetary Policy and the Housing Bubble over the weekend, a topic that continues to generate a lot of discussion at … Continue reading

The White House estimates that the government will have to borrow about $3.5 trillion more over the next three years. On top of that, the U.S. Treasury has to refinance, or roll over, a huge amount of short-term debt that was issued during the financial crisis. Treasury officials estimate that about 36% of the government’s marketable debt – about $1.6 trillion will mature in the next 12 months.

Ted Scott, director, UK Strategy, F&C, says, “The only way that gold can underperform is if the U.S. and other developed economies recover in a conventional way by cutting spending and raising taxes while at the same time embarking on a period of stable economic growth.”