I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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The hubris of the Federal Reserve knows no bounds; the Fed Governors' delusions will lead to tragic failure. In the tragi-comic farce that is the U.S. economy, the Federal Reserve plays the part of the hubris-soaked Hero whose overconfident meddlin...
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Despite the many strengths of Japanese society and culture, and the tremendous reserves of talent, dedication and self-sacrifice of its people, my gut feeling is that this series of devastating earthquakes will have more enduring consequences on the ...
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From the Financial Armageddon website...The Chart in this piece is a MUST SEE....
Seeing Red
I...
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It’s not just Aunt Millies who are being forced into coupon clipping and not leaving the house because of scant income returns. It is now evident that large pension funds have been another fall guy. Latest data on the funded status of the 100 largest pension funds clicks in at a ten year...
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Bloomberg did a hit piece on Roubini today by one Whitney Kisling. The article also praised Laszlo Birinyi for getting the 1990s right, and quoted one money manager as saying we should only listen to money managers, and not analysts. As if those money managers aren’t publicly talking their book, using the media as...
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Critics of the Fed have expressed concern about the inflationary implications of the huge expansion of the Fed’s balance sheet, particularly excess reserves. The reserve bulge was created when the Fed expanded the alphabet soup programs in 2008. At the same time the Fed began paying interest on reserves, paying 1%, which was .75%...
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