Fed
Smoke And Mirrors Running Out — Depression to Follow
Those who believe the economy is recovering are ignorant of the facts. Other than the Great Depression no US recovery (and I don’t believe we are in a recovery) taken longer. Eventually it may take more than a decade like the 1930s. Or perhaps it will be like Japan which is in its third decade [...]
There Is No Recovery
For anyone foolish enough to believe there is a recovery underway, Business Insider provides a slide presentation by David Rosenberg that should disabuse you of any such notion. Mr. Rosenberg is one of the more astute analysts around. His take is that the Federal Reserve is doing all it can to save the economy but [...]
David Stockman Alienates Both Ends of The Political Spectrum
David Stockman wrote an intriguing article which appeared in the NY Times. That it appeared in the Times is noteworthy itself, for it contradicts so many liberal shibboleths the paper has supported (promoted) for many years. Its appearance is less likely to reflect the first steps to Damascus and may be a sign of financial [...]
Cyprus and The Risk of Bank Runs
The events in Cyprus regarding the intended confiscation of private citizen’s bank accounts to pay for the abuses and excesses of government raise enormous issues. The very concept of private property is under attack. Just what do you own? The fact that government feels free to raid your assets to extend temporarily its unsustainable and [...]
The Final Con
The stock market has now been up for ten straight days. Many on Wall Street are singing “Happy Days Are Here Again.” For them, that is probably the case. They finally have something to sell that will bring the rubes back into the markets. We are not in Kansas anymore. Fear is ebbing and greed [...]
For Simple-Minded Keynesians
For those who haven’t yet grasped the uselessness of government policy, please read Charles Hugh Smith’s simple fourteen point explanation below. It details the steps government has taken, why they are failing and why the middle and poorer classes must get poorer. It also suggests that we are close to the end of the Ponzi [...]
Myth Versus Reality
It is difficult to communicate the seriousness of the economic problems that face the developed world. Our political masters have so screwed things up that there is no way out for us. They undoubtedly have made preparations to flee the scenes once their Frankenstein economic disasters begin to be realized. In the meantime, lies, fraud [...]
Federal Reserve Policy Ensures Inflation
The Federal Reserve is the enabler of Federal government’s profligacy. It plays this role by monetizing the debt, i.e., purchasing Treasury bonds that otherwise could not be sold, or at least not sold for the artificially low interest rates that currently prevail. Since the financial crisis, the Fed’s balance sheet has risen from $800 Billion [...]
Why The Fed Makes Matters Worse
For those who don't understand the damage being done by the Federal Reserve, Jerry O'Driscoll provides a short Austrian description why. Mr. O'Driscoll penned this in response to a piece written by John Taylor in the WSJ. Easy Money, Slow Growth January 29, 2013 by Jerry O’Driscoll In today’s Wall Street Journal, John Taylor explains why the U.S. recovery [...]
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RICHARD RALPH ROEHL
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