| |
 | Andy Sutton |
 Supply Side Economics – 42 Years Later – Paul Craig Roberts  |
| Supply-Side economics burst onto the economic policy scene in Washington, D.C., on September 21, 1975 in the Sunday Washington Star in an article I had written for US Representative Jack Kemp that provided a supply-side economic basis for his capital formation bill. Subsequently, I generalized the supply-side approach when I realized that changes in marginal tax rates altered relative prices and could shift the aggregate supply side curve. Until that time, economists assumed that fiscal policy oSunday, July 23, 2017 |
|
 | Przemyslaw Radomski CFA - SunshineProfits |
| Gold Declines after Yellen’s Testimony |
| Janet Yellen, the Federal Reserve chair, testified yesterday before the Joint Economic Committee. What do her remarks mean for the gold market?
Yellen’s testimony was not surprising. She pointed out that “the U.S. economy has made further progress this year toward the Federal Reserve's dual-mandate objectives of maximum employment and price stability” and that “the FOMC continues to expect that the evolution of the economy will warrant only gradual increases in the federal funds rate over time”.Saturday, November 19, 2016 |
|
| Bullion Vault |
| Gold Bullion 'Over-Reaction Almost Over' as Fed's Yellen Gets 90 Odds of December Rate Hike |
| GOLD BULLION dropped back to show a loss for the week so far Thursday in London, erasing a $7 pop to $1230 per ounce as Federal Reserve chair Janet Yellen hinted the US central bank is likely to raise its key interest rate at the December meeting.
European stockmarkets fell for a second session running, pulling the EuroStoxx 50 index of major companies down towards a 1-week low after European Central Bank policymaker Yves Mersch told an audienceFriday, November 18, 2016 |
|
| Sprott Money |
| Don’t Be Fooled: The SDR Is Designed As A Rescue Operation For The US Dollar - Nico Simons |
| Triffin dilemma and loss of confidence in the US
dollar
From the
1960s, there was a widespread concern of the sustainability of the Bretton
Woods system of using national currencies as reserve assets. This was most
closely associated with the Triffin dilemma, which predicted a loss of
confidence in the gold value of the U.S. dollar as the value of liquid claims on
the United States
in the form of dollar foreign exchange reserves increased. Triffin argued for
the need to choose the rate of glThursday, September 1, 2016 |
|
 | Tim Iacono - Iacono Research |
| Jim Grant on Janet Yellen’s Capitol Hill Visit |
| Jim Grant of Grant’s Interest Rate Observer shares a few thoughts about Federal Reserve Chairman Janet Yellen’s appearance yesterday before the Joint Economic Committee.
Grant explains how Yellen could make herself more clear during such visits:
If she said, for example, we believe in price control, we believe in market manipulation, and we believe in the Phillips curve, the Phillips curve being the trade-off between employment and inflation. Each of these ideas is widely discredited.
EaThursday, May 8, 2014 |
|
| Tim Iacono - Iacono Research |
| Yellen on Capitol Hill |
| Financial markets appear to like what Federal Reserve Chair Janet Yellen has said so far in her appearance before the congressional Joint Economic Committee up on Capitol Hill.
A short time ago she was asked about this Wall Street Journal op-ed by Fed historian Allan Meltzer How the Fed Fuels the Coming Inflation and, while responding, she objected to the term “goosing” when referring to the effect monetary policy has had on the stock market.
The U.S. Department of Agriculture forecasts that fWednesday, May 7, 2014 |
|
 | Mish - Global Economic Analysis |
| California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Prob |
| Many states, especially California and Illinois, have had severe pension underfunding problems for many years.
However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of "technical bankruptcy" and “service insolvency” is growing.
Here are some pertinent ideas from California on the Brink: Pension Crisis About to Get Worse
Moody’s new credit standards for public pensions would nearly double the unfunded liabilities for sThursday, June 13, 2013 |
|
 | Jeffrey Nichols - Nichols on Gold |
| GOLD: A Quick Note on Fed Policy |
| Gold prices moved higher this morning in anticipation of Fed Chairman Bernanke’s testimony today before the Joint Economic Committee.
Recent speeches by other Fed officials in the past few days suggest the Fed will leave the door open to stepped-up quantitative easing should the economy falters or if inflation remains below target.
Any talk of more QE from Bernanke this morning could give gold enough juice to re-test overhead resistance around $1400 . . . and possibly move higher.
See my recent Friday, May 24, 2013 |
|
| Mish - Global Economic Analysis |
| Bernanke's Semi-Annual Tap-Dance of Distortions, Half-truths, Lies, and Hypocrisy to U.S. Congress |
| Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke's Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains.
Here are some point-by-point statements by Bernanke with my comments immediately following each set of statements.
Bernanke: Conditions in the job market have shown some improvement recently. The unemployment rate, at 7.5 percentWednesday, May 22, 2013 |
|
| Jeffrey Nichols - Nichols on Gold |
| Fed Speak: Implications for Gold |
| This week’s gold-price action reflects a market once again range bound, searching for direction in an uncertain economic environment. For sure, the risks of further gold-price retreat remain high. Much depends on the market’s sense of prospective Federal Reserve policies.
This Wednesday the financial markets will be listening carefully to the latest Fed speak on monetary policy and the economy for clues.
First off, the FMOC will be releasing the minutes of its April policy-setting meeting — alTuesday, May 21, 2013 |
|
 | Gary Dorsch - SirChartsAlot |
| Dow Industrial Bulls, Gold Bugs, Wagering Big Bets on QE-3 |
|
"I guess I should warn you.If I turn out to be particularly clear, you've probably misunderstood what I've said," Fed chief "Easy "Al" Greenspan used to say.Recognizing the fact that financial markets place a heavy value on each of their words, former Fed chiefs Arthur Burns and Paul Volcker, were known for blowing smoke, both literally and figuratively, when appearing before Congress, in order to prevent their words from becoming self fulfilling prophesies.Thursday, June 14, 2012 |
|
 | John Rubino - Dollar Collapse |
Central Banks Dither Today, Panic Tomorrow  |
|
If central bankers weren't the main architects of the coming depression, it might be tempting to pity them.The world is falling apart and everyone expects them to save the day with lower rates and/or exotic new stimulus programs.But at the same time everyone assumes this debt monetization will destabilize the financial system, bringing about the end of the world as we know it.Friday, June 8, 2012 |
|
| Crisis Watch - Dollar Collapse |
| Central Banks Dither Today, Panic Tomorrow |
| Friday, June 8, 2012 |
|
| Mish - Global Economic Analysis |
| China Plays Obama like Violin on Yuan Exchange Rate |
| .Saturday, June 19, 2010 |
|
| Gary Dorsch - SirChartsAlot |
| Central Banks Stoking Market Euphoria |
| Friday, April 16, 2010 |
|
|
|
 | Michael J. Panzner - Financial Armageddon |
| Easy to Connect the Dots |
| .Friday, July 10, 2009 |
|
| Mish - Global Economic Analysis |
| Housing Update - How Far To The Bottom |
| .Monday, December 1, 2008 |
|
 | FoFOA |
| A Message to Congress |
| Wednesday, October 8, 2008 |
|
| Gold - FoFOA |
| A Message to Congress |
| Wednesday, October 8, 2008 |
|
|
