charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, SEPTEMBER 22, 2016
If it isn’t a Depression, it’s a very close relative of a Depression.
Just for the sake of argument, let’s ask: what if we’re in a Depression but don’t know it? How could we possibly be in a Depression and not know it, you […]
goldmoney.com / BY ALASDAIR MACLEOD / SEPTEMBER 22, 2016
Arguments about sound and unsound money often degenerate into a them-and-us dispute, with the supporters of unsound money casting sound money proponents as impractical out-of-date libertarian weirdos.
Supporting one side or the other as if they were opposing football teams does not represent […]
news.goldseek.com / By George Smith / Thursday, 22 September 2016
Today as I do every day I went to my website’s many RSS feeds and read reports and commentaries that have become painfully familiar. Here are some items I found:
David Stockman’s hard-hitting article that urges Donald Trump to slam the Fed in the upcoming […]
armstrongeconomics.com / by Martin Armstrong / Sep 21, 2016
We entered a private wave during July 1985 after 51.6 years of a public wave that began in 1932. The private sector went nuts when the bankers and foreign governments were conducting massive fraud. The people turned to government and created the public wave that […]
financialsense.com / by Norman Mogil via SOBER LOOK / 09/19/2016
When the Federal Reserve’s Open Market Committee (FOMC) meets this week, there will be pressure from various quarters to raise the federal funds rate. Jamie Dimon, chairman of JP Morgan, has stated blankly “Let’s just raise rates.” Furthermore, he has said a quarter point is […]
zerohedge.com / by Antonius Aquinas / Sep 20, 2016
Former Federal Reserve Chairman Alan Greenspan, who was once laudably referred to as “Maestro” for his supposed astute stewardship of U.S. monetary policy, commented last week on the nation’s current political and economic climate:
We’re not in a stable equilibrium. I hope we can all […]
news.goldseek.com / By: Jim Willie CB, GoldenJackass.com / 19 September 2016
The Fascist Business Model incorporates all the worse elements of Keynesian economics, a broken fallacious school of thought. The model also integrates a vast system of economic heresy, put forth as public address dogma. All their messages are wrong. They are instead aligned […]
schiffgold.com / BY SCHIFFGOLD / SEPTEMBER 19, 2016
The Consumer Price Index numbers released Friday showed inflation levels increasing 0.2%, which is slightly better than investors expected. Part of the rise was attributed to the so-called core inflation index, minus food and energy prices, which increased 0.3% in August. The all items index rose to […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, SEPTEMBER 18, 2016
The truth is the rich are getting richer and everyone else is losing ground as inflation chews through stagnant incomes. Supporters of the status quo nearly wet their pants with joy when the Census Bureau reported that real (adjusted for inflation) median household income […]
davidstockmanscontracorner.com / by Jeffrey P. Snider via ALHAMBRA PARTNERS / September 16, 2016
The University of Michigan released its September update for their surveys of consumers. The overall index of consumer “sentiment” was unchanged from August at 89.8, and up just 3% from last September. This “confidence” index peaked in January 2015 at 98.1 and […]
mybudget360.com / by mybudget360 / September 17, 2016
The award for worst performing economy in 2016 would likely go to Venezuela. What could possibly go wrong when the government tries to control absolutely everything in a petro state? Apparently everything can go wrong and you now have runaway inflation. At this point Venezuela’s currency is […]
zerohedge.com / by Alexander Mercouris / Sep 18, 2016
The Russian Central Bank has, as predicted, cut its key rate from 10.5% to 10%.
This is consistent with the continuing rapid fall in inflation. With inflation zero in the first two weeks of September after being zero in the last week […]
davidstockmanscontracorner.com / by David Stockman / September 16, 2016
Donald Trump’s speech at the New York Economic Club on Thursday was quite brilliant, powerfully delivered and even laced with the kind of soaring “capitalist prosperity” rhetoric that has not been heard from GOP politicians since Jack Kemp.
I was all set to say as […]
wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest / September 16, 2016
The US Consumer Price Index (CPI) ex food and energy, also know as core inflation, rose by 2.3% YoY. That was the 10th month in a row that core inflation exceeded The Fed’s target rate of inflation of 2%.
On the […]
davidstockmanscontracorner.com / by David Stockman / September 14, 2016
The robo-machines and reflexive dip-buyers who took Fed governor Lael Brainard’s word for it on Monday got kicked in the teeth pretty hard on Tuesday. But then again, why would even a silicon-based trader take her word for anything?
Brainard is absolutely clueless about the […]
zerohedge.com / by Tyler Durden / Sep 14, 2016 11:10 AM
In a repeat of what we said in our market wrap this morning, namely that the market’s attention is transfixed on two things: long bond-yields (specifically if curve steepening will continue), and what the BOJ may or may not do, the WSJ writes […]
davidstockmanscontracorner.com / by David Stockman / September 12, 2016
The central banks have gone so far off the deep-end with financial price manipulation that it is only a matter of time before some astute politician comes after them with all barrels blasting. As a matter of fact, that appears to be exactly what Donald […]
bullionbullscanada.com / by Jeff Nielson / 12 September 2016
We need inflation. Just listen to any of the central bank inflation-creators, the puppet politicians, the charlatan economists, or the mindless parrots in the mainstream media. The perverse irony, of course, is that while these liars and idiots lament that we need more inflation, high […]
mishtalk.com / Mike “Mish” shedlock / September 12, 2016
The odds of a September rate hike collapsed to 15% following a speech by Fed governor Lael Brainard.
The Case to Tighten Policy Preemptively Is Less Compelling, said Brainard.
In separate speeches, two Fed presidents chimed in today with similar comments, effectively killing the odds […]
financialsense.com / BILL WITHERELL / 09/12/2016
The European Central Bank (ECB) met on September 8. The US Federal Reserve Bank’s Federal Open Market Committee (FOMC) meets on September 21, and the Bank of Japan (BOJ) holds its next Monetary Policy Meeting on September 20–21. To varying degrees these key central banks face sluggish economic growth, […]
mises.org / Thorsten Polleit / September 12, 2016
The US Federal Reserve (Fed) is considering raising rates. Is the “normalization” of interest rates about to happen which savers and investors have been yearning for? Most likely not. Policymakers are merely realizing that the policy of zero rates — or even negative rates as in […]
mishtalk.com / Mike “Mish” Shedlock / September 12, 2016
San Francisco Fed president John Williams has been yapping about the need for interest rate hikes, 4% inflation targets, and Fed-set GDP growth targets.
Williams is bullish on jobs. He also says the US economy is at “full strength” but inflation needs to be higher […]
peakprosperity.com / by Charles Hugh Smith / Friday, September 9, 2016, 8:26 PM
We’re ceaselessly told/sold that the U.S. economy is doing phenomenally well in our current slow-growth world — generating record corporate profits, record highs in the S&P 500 stock index, and historically low unemployment (4.9% in July 2016).
While GDP growth is […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, SEPTEMBER 08, 2016
Our society does not make it easy to control what you can control.
One of the aphorisms to live by here at Of Two Minds is control what you can.We don’t control the erosion of our money from inflation, the state’s vast criminalization machinery, […]