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Economic and and financial news and analysis

Why Obama Refuses to Kill the Sequester- William K. Black

This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By William K. Black We are in the midst of the blame game about the “Sequester.”  I wrote last year about the fact that President Obama had twice blocked Republican efforts to remove the Sequester.  President Obama…

Grant Tells Bloomberg That Fed Action to Prompt Return to Gold Standard: Video – Bloomberg

Feb. 25 (Bloomberg) — James Grant, founder & editor of Grant’s Interest Rate Observer, predicts that the result of recent Federal Reserve action will prompt a return to the gold standard for the United States. He speaks on Bloomberg Television’s “Bloomberg Surveillance.” via Fed Action to Prompt Return to Gold Standard: Grant: Video – Bloomberg.

Market Wants to Take Things "One Day at a Time" – Pretzel Logic

It goes without saying that nobody wants to get caught looking up when it’s time to look down, and vice-versa.  This is especially challenging in a market such as this one, where the long-term picture is, quite frankly, ambiguous at best.  While the market’s bullish intentions seemed fairly clear to me over the past couple months, the market has now reached a…

How to Make a Fortune If the Currency Wars Go Atomic- Shah Gilani – Money Morning

There’s a lot of talk about currency wars these days, but very little understanding about what that means for specific countries, economic growth, inflation, and your pocketbook.

Let’s fix that.

First of all, there has been no declaration of any currency war. And there likely won’t be.

That’s because open currency warfare could quickly lead to a mushrooming global crisis.

But that doesn’t mean countries aren’t already engaged in currency battles; they are. They almost always are.

Here’s an over-simplified explanation about how currency wars affect you.

To continue reading, please click here…

Does the Heinz Deal Mean Warren Buffett Has Become a Doomsday Prepper? Martin Hutchinson- Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. At first sight, Warren Buffett’s deal with the Brazilian-led private equity firm 3G Capital to purchase H.J. Heinz Company (NYSE:HNZ) looks strange. At $28 billion the famed ketchup maker is valued at a rich 23 times earnings, and…

The Fed to face some challenges as it ultimately exits the unprecedented monetary expansion – Sober Look

This is a syndicated repost courtesy of Sober Look. To view original, click here. Reposted with permission. The recently released minutes of the last FOMC meeting made some economists and market participants begin contemplating the Fed’s exit, its timing, and the implications. This is because the FOMC’s discussion sounded a bit more hawkish than many…

Is China’s Economy Getting Snakebit- Chriss W. Street

China’s central bank withdrew an all-time weekly record high of $145 billion from their banking system this week.  China often increases liquidity in early February prior to their Chinese New Year and then decreases liquidity after the holiday.  But the extent of the reduction dwarfed the $106 billion added this New Year.  The People’s Bank…