While the world is awash in liquidity, no one seems to notice that itâ€™s actually in the form of leverage or cheap debt, NOT real capital or equity. The US banking system as a whole is leveraged at 13-to-1. While this is not horrible relative to Europeâ€™s banking system (more on this in a moment),… Read More »
Economics and National Security Lecture and Q&A Dec 7th 2010 Pentagon City, VA – Mr. James G. Rickards The Johns Hopkins University / Applied Physics Laboratory Sponsored : Rethinking the Future International Security Environment Seminar
Bernanke’s statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke’s policies have increased unemployment. See this and this. Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke’s statements that the economic recovery may not be self-sustaining, and that the Fed may… Read More »
“The Fed has spent much of the last 15 years manipulating the stock market.”
Here is something you rarely see on the mainstream media, especially CNBC. Prominent hedge funder Kyle Bass of Hayman Capital tells CNBC: â€œgiven my outlook on the world, I donâ€™t know how you can be long stocksâ€. Bass: â€œIf we get a global restructuring, if we get the European periphery [Bass said EU stress tests… Read More »
However much it infuriates people like Paul Krugman to hear analysts warn about inflation while the economy is still sputtering along joblessly, there is good reason to worry about the ability of the Federal Reserve to prevent the massive build up of the monetary base from resulting in out of control inflation.
Meredith Whitney seems to be a smart lady. She lays out your next trade in this video:
Listen to this interview with the former Assistant to the Treasury Secretary Dr. Paul Craig Roberts, who acknowledges Max Keiser’s metaphors for the US economy.