Tag Archive for Financial Repression

Where the Heck Do You Put Your Money When Tapering Starts? Wolf Richter- Testosterone Pit

Exuberant wealth managers expect another phenomenally good year for stocks in 2014, followed by more great years. They see bonds and bond funds as a juicy investment that belongs in every diversified portfolio, damn the torpedoes. They’re the vast majority of wealth managers.

David Stockman: How The Fed Helped Bushwhack TXU – Wolf Richter- Testosterone Pit

David Stockman, Budget Director under President Reagan and then a partner at private-equity firm Blackstone Group, has graciously permitted me to post excerpts from his bestseller, THE GREAT DEFORMATION: THE CORRUPTION OF CAPITALISM IN AMERICA. This is the second installment from Chapter 25, “DEALS GONE WILD: Rise of the Debt Zombies.” In this chapter, he vivisects…

The Fed’s Fear Scale: Holdings of Cold Hard Cash At A Record- Wolf Richter- Testosterone Pit

In 1969, notes greater than $100, including the cool $10,000 note  that would still pay for a lot of things, were retired due to “declining demand.” Prematurely, it turns out. Because demand for cold hard cash, despite plummeting use of it for transactions, has surged. Reason: fear. Modern payment technologies have been taking over transactions. Since 2000, transaction…

David Stockman: “Money Printers And Wall Street Coddlers” – Wolf Richter- Testosterone Pit

Disclosure: I’ve been a fan of David Stockman ever since he got in trouble for speaking the truth as Director of the Office of Management and Budget under President Ronald Reagan in 1981. As part of the Reagan Revolution, he’d had the audacity to disparage certain aspects of its supply-side policies! Last May, I posted…