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FED Drops Unemployment Target Even Lower

Posted on April 10, 2014

yellen

Federal Reserve officials had a secret video conference call in early March and reached a general consensus that the 6.5% unemployment rate threshold for the first rate hike was outdated, the central bank said Wednesday. A summary of the video conference was included in the minutes of the Fed’s March 18-19 meeting released by the […]

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Gold Down As Yellen’s First Quarterly Press Release Looms

Posted on March 19, 2014

Janet-Yellen

Gold prices fell on Wednesday as traders circled the wagons ahead of Janet Yellen’s first FOMC press conference later in the day, while a mining executive said everyone is worried over nothing with regards to China’s copper demand. The Federal Reserve chairwoman is widely expected to stick to the tapering plan, but investors will be […]

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Bitcoins, Stage 2: “Bring in the Feds!”

Written by Gary North on February 26, 2014

Bitcoins

When you think “Mt. Gox,” think “Enron.” When something this devastating happens to the biggest exchange in an experiment designed by anonymous Japanese programmers, the industry is not going to recover rapidly. Other firms in this industry now have a real marketing problem. The disappearance of the Mt. Gox Bitcoins exchange is a major setback […]

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Today, PIGS Can Fly. How Long Will It Last?

Posted on January 15, 2014

Flying Pig

The bond market is finished? You can only lose money in it from now on? That was very much the consensus in the market at the end of last year. But no one told investors in Europe. The one roaring trade for the start of 2014 has been euro-zone peripheral debt, with yields tumbling in […]

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Bernard Madoff Gives JPMorgan a Dissapointing Fourth Quarter

Posted on January 15, 2014

Bernard-Madoff

For years, convicted fraudster Bernard Madoff, who ran the biggest Ponzi scheme in history, claimed from prison that JPMorgan Chase, knew about the scam that he conducted through the bank. More than five years after his arrest Madoff continues to haunt the nation’s biggest bank and managed to hurt JPMorgan’s fourth quarter earnings of 2013. […]

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Inflation: The Economics of Addiction

Written by Gary North on January 4, 2014

Inflation: of all the dangers to the free market economy, historically and theoretically, the greatest is this one, yet it is one of those subjects that remain wrapped in mystery for the average citizen. This elusive concept must be understood if we are to return to the free market, for without a thorough comprehension of […]

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Bitcoins Go Splat.

Written by Gary North on December 18, 2013

Bitcoins have just suffered another huge hit. The other shoe has just fallen. Bitcoins were selling at $1,242 on November 29. The headlines were all over the Web: “Bitcoins surpass the price of gold.” That was the peak. They are around $500 today. That is a decline of 60%. When an investment fad ends, it […]

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