The Federal Reserve interest rate cut was applauded by Wall-Street; they called it an ‘insurance’ rate cut. Maybe stock investors intend to behave recklessly. Economists’ opinions differ on the rate cut.
Last week was the 75th anniversary of the Bretton Woods agreement. The agreement was collapsing in the 1960s and finally ended during the 1970s when the US abandoned the gold standard. Since then the price of gold has risen to over $1,350 an ounce from the value at the congressionally set price of $35 per […]
If you want to save money you need to think about why the Federal Reserve will be whipping out your cash savings Around the world, people are paying for the privilege of lending money to governments. This may seem a bit odd to you, but it is true. If you think that is it basically […]
Loans in the shadow banking system are now larger and a bigger threat to economic stability and our economic system than the subprime mortgages that nearly collapsed our financial system in 2008.
Last week the World Bank warned that global growth is slowing. At the same time, central banks around the world have signaled they are ready to start the printing presses again in one way or another. Also, recent comments from a Federal Reserve official about rising levels of corporate debt and financial stability (possible debt […]
Since the US officially abandoned the gold standard in 1971, we all understand that we have experienced several dollar crises, periods of rampant inflation (and soaring gold prices). What we don’t all understand is that many of these crises were not accidental but coordinated economic policy events. When we look at our current economic policy […]
Fed member warns about high corporate debt and possible negative shocks Trump may nominate conservative who favors gold standard to Fed Dow Jones Industrial average closes lower for the fourth week in a row
The US stock markets are deep in the red on Monday as China threatens to begin dumping US Treasury bonds. Economists are warning that the trade wars are threatening dollar dominance. Flooding the market with Treasuries would push down US bond prices and cause the yields to spike. A slight increase in bond rates last […]
There’s much on the surface that makes a casual observer think the US has a strong robust economy. For example, you always hear about how strong our job market is. The job market is a lagging indicator. And if it’s true that everyone who wants a job has a job, not everyone has a good […]
Our Economy (Part One of the Saga) So Are We Good Or What? Reliable Indicators Show Recession Ahead Don’t expect interest rates to rise anytime soon. So say our friends at the Fed. Federal Reserve Chairman Jerome Powell said, The US economy is in a good place and we will use our monetary policy tools […]
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