Category: economy

Bloomberg: Is an “International Currency War” Underway?

Sept. 28 (Bloomberg) – Daniel Tenengauzer, head of emerging-market currency and rates strategy at Bank of America Merrill Lynch, talks about the proliferation of nations using devaluation to solve economic woes. Brazilian Finance Minister Guido Mantega said yesterday that a “currency war” is underway. Tenengauzer speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.”

Read More…

The Emerging Global Fed; A Disaster About to Happen

TheNewAmerican.com by Alex Newman The Federal Reserve has been a nightmare for the American people. It inflates the money supply, thereby devaluing already-existing money and placing a massive hidden tax on the people via rising prices. It also uses its monopoly power to cause interest rates to go up or down, usurping the rightful place […]

Read More…

Central Banks Dump $57 Billion Of US Agency Debt Set

Jim Sinclair’s JSMineSet.com By: Dan Norcini Dear Friends, Although I have not posted any charts of the Custodial Holdings at the New York Federal Reserve in some time, I have been monitoring it for any signs that foreign Central Banks are balking at buying US government or government-sponsored debt. Such a development would have a […]

Read More…

Slow Creep in Infrationary Numbers Will Lead to Hyperinflation.

LewRockwell.com Was Stagflation in ’79 Really Hyperinflation? by Gonzalo Lira ….In my previous writings, I had originally thought that, when the moment arrived when markets lost faith in Treasury bonds, commodities would go hyperbolic immediately, or within a very short time frame. However, studying the events of ’79 more closely, I realize I was wrong: […]

Read More…

Hold The Stimulus And Pass The Tea Party

posted at 4:54 pm on September 6, 2010 by Doctor Zero President Obama “unveiled” his new “stimulus” plan in Wisconsin today. It was a lot like watching an alcoholic unveil his new plan to get sober by switching to lite beer: We’re going to “fire up sluggish economic growth” by plowing another fifty billion deficit […]

Read More…

Argentina’s Economic Tragedy: Lesson for U.S.

via The New American Written by Charles Scaliger Tuesday, 07 September 2010 06:45 Buenos AiresFor a peek at where debt-ridden America may be headed, look no further than modern-day Argentina. South America’s second-largest country in many ways resembles our own. Like the United States, Argentina lies mostly outside the climatic extremes of the tropics and […]

Read More…

Goldman: There’s Now A 25% Chance Of A New Recession

Vincent Fernando, CFA | Sep. 7, 2010, 7:09 AM It’s one thing when Nouriel Roubini says there’s a high chance of a double-dip recession, since such bearishness is to be expected from him. Yet now Goldman says there’s a 25% chance of a double-dip recession: Goldman’s Jan Hatzius, via Alphaville: …we strongly disagree with the […]

Read More…

Buchanan: Can the Tea Party Deliver? -Fails to mention military spending

Once again, Buchanan fails to mention military budget as source of US deficit: The Right Can the Tea Party Deliver? by Patrick J. Buchanan on August 31, 2010 “There are only two men in America who can fill Yankee Stadium on three weeks’ notice,” a friend instructed me years ago. “Billy Graham and Louis Farrakhan.” […]

Read More…

Finally, People Are Calling For A REAL Housing-Market Fix: Letting Prices Fall

Long-term real house prices (inflation adjusted) — blue line Image: Robert Shiller For the past few years (and, in reality, for decades before that), the government has tried to improve the nation’s housing market by artificially inflating house prices. The mortgage-mod programs, the back-door bank bailouts, the Fed-subsidized mortgage rates, the $150 billion flushed down […]

Read More…

Pending Home Sales Reconfirm The Housing Market is Crashing

Record low levels of demand continue to haunt the U.S. housing market with July pending home sales re-confirming previous crash-level readings. Three months of data after the end of free down-payments, the inventory of purchase contracts rose just 5.25%. The inventory is still is at a record low with the exception of the two previous […]

Read More…

Three Amendments Thrown Off Florida Ballot

Posted Tue, Aug 31, 2010 at 05:08 pm Critics say one of the Legislature’s proposed amendments would protect gerrymandering in Congressional districts. By Scott Finn (Send E-Mail) TAMPA (2010-8-31) – The Florida Supreme Court has thrown three proposed constitutional amendments off November’s ballot – all of them passed by the state Legislature. Amendment 9 would […]

Read More…

Its Official: China is Unloading its Treasury Bonds

Written by Mad Hedge Fund Trader Thursday, 26 August 2010 13:41 It looks like the smart money these days is found in China. While American investors have been scrambling over each other to buy more Treasury bonds at historically low yields, China has begun quietly unloading some of its own enormous holdings. In June, the […]

Read More…