The talk in 2013 has been of the great rotation from bonds to the U.S. stock market. This accompanies a new world record for the…
Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and “The Coming Collapse of the Municipal Bond Market” (Aucontrarian.com, 2009…
Merkel urges ‘political’ union to solve EU crisis (via AFP) German Chancellor Angela Merkel pushed for a stronger European political union Thursday amid growing international…
Euro crisis, ‘fiscal cliff’ menace US economy: Fed (via AFP) The European crisis and mandated budget cuts and tax hikes pose important risks for the…
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
Bernanke says Fed would act if inflation falls
On Wednesday September 28, 2011, 8:19 pm
By Kim Palmer
CLEVELAND (Reuters) – Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank might need to ease monetary policy further if inflati…
Stocks are down 13 percent from their July 22 peak.The VIX volatility index averaged 35 in August, up sharply from July.Household wealth losses so far this quarter total about 2.2 Trillion
The stock market slump has given Americans yet another reason …
Since early 2009 (when the U.S. stock bull market began), the U.S. dollar has collapsed. The Brazilian real is up 56%, from 41 cents to 64 cents. The Canadian dollar is up 35%, from 78 cents to $1.05. The Swiss franc has also risen 35%, from 85 cents t…
Cramer: Bernanke Is Doing the Right Thing
After Federal Reserve Chairman Ben Bernanke spoke to the press on Wednesday, stocks ended sharply up and climbed to new multi-year highs, even though Cramer said the Fed chief said nothing new.Bernanke did,…
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Bernanke denies quantitative easing
However, in the Stamp Lecture at London School of Economics on January 13, 2009, Federal Reserve chairman Ben Bernanke, about three years into office, asserted that the Fed’s approach to supporting credit ma…
