Monetary Policy

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Outer Limits of Monetary Policy and Inflation

The ISM has once again expanded.  Policy is working, so please Dear Mr. Bernanke, begin to withdraw not only a token amount of Treasury bond asset buying in October; make a real statement for the ‘organic’ economy.  Pull all T bond purchases and stop buying some MBS to boot.  You’ll not only help the Fed’s … Continue reading

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When Will Gold Bull Resume?

While Gold has seen a decent rebound, Silver and the mining shares (the more speculative side of the complex) have failed to sustain any rebound despite tremendously supportive sentiment amid an extreme oversold condition. Is the failure to rebound bearish? Not really. This is a sector that is completely sold out but there are yet … Continue reading

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Is Inflation Directly Tied to the Money Supply?

But for the purposes of this discussion, we are talking about inflation in the real economy, not the paper economy. The link can be very tenuous at times, but the real economy…..

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