We’re being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure.
Just about everyone knows Alan Greenspan. As central bankers go, he may just be the most famous ever. Even today, 1 in 6 Americans still think he’s the current chair of the Federal Reserve. As Fed chief from 1987 until 2006, Greenspan oversaw the latter part of the greatest stock bull in history. For that, some […]
“Punishment Interest” it’s lovingly called in Germany, as the ECB intends to flog savers until their mood improves.
Let be honest here. Why are mortgage purchase applications near 21st century lows with rates near 4% and homeownership rates at a 19 year low, a number which is artificially high because it includes delinquent homeowners. There are still 3 million loans in delinquency which means we will have a lot more future renters coming on-line.
QE has finally come to an end, but public comprehension of the immense fraud it embodied has not even started. In round terms, this official counterfeiting spree amounted to $3.5 trillion— reflecting the difference between the Fed’s approximate $900 billion balance sheet when its “extraordinary policies” incepted at the time of the Lehman crisis and its $4.4 trillion of footings today. That’s a lot…
Globalization continually creates imbalances that fuel a perpetual instability that gradually impoverishes every sector other than global capital.
What a stinker this morning’s report on durable goods orders was!
Warren Buffett famously said at the height of the financial crisis that you only know who’s been swimming naked when the tide goes out.
Unfortunately for him and his shareholders at Berkshire Hathaway Inc. (BRK.A, BRK.B), it appears that one of the Sage of Omaha’s biggest holdings, International Business Machines Corp. (NYSE: IBM), has been skinny dipping for a long time.