Home / Federal Reserve

“Audit the FED” Bill — Rand Paul

Posted on January 29, 2015

rand-paul

Republican Senator Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve’s monetary policy discussions and decisions to a congressional audit. The Kentucky senator’s move to re-introduce the bill, along with 30 co-sponsors, comes as Republican lawmakers and some Democrats increase their efforts to rein in the […]

Continue reading →

The Futility of ZIRP: Zero Interest Rate Policy

Posted on January 29, 2015

federal-funds-rate

By David Stockman The ZIRP market is completely dishonest and therefore deeply subsidized. And every Econ 101 student knows that when you deeply subsidize something, you get more and more of it. In essence, by clinging obstinately and mindlessly to ZIRP the Fed is just systematically juicing the gamblers, and thereby inflating ever greater mispricing […]

Continue reading →

A Rising Dollar Terrifies Keynesians

Written by Gary North on January 28, 2015

janet-yellen

The headline in the Financial Times blares this message: Strong dollar weighs on US results. Keynesians love soft dollars. They love price inflation. They love a boom caused by central bank inflation. The Federal Reserve stopped QE3 last year. It is no longer buying U.S. government debt, Fannie Mae debt, Freddy Mac debt, or anything […]

Continue reading →

Video: Obama, Yellen, and Ray Stevens

Written by Gary North on January 26, 2015

Ray Stevens had it right until QE3 stopped. But now Dr. Yellen faces a problem. Who will fund the federal deficit, now that she and the FOMC have stopped buying debt with counterfeit money? At what price (interest rates)? For how long?

Continue reading →

Mary’s Bar and Janet’s Bank

Posted on January 21, 2015

By Anonymous Mary is the proprietor of a bar in Boston. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with a new marketing plan that allows her customers to drink now, but pay later. […]

Continue reading →

Cry Me a River: The Next Stock Market Bust

Posted on January 15, 2015

By Elizabeth MacDonald In considering this aging bull market, some sobering facts from John P. Hussman, Ph.D., of the Hussman Funds: “Recall that the 2000-2002 [market] collapse wiped out the entire total return of the S&P 500 in excess of Treasury bill returns, all the way back to May 1996.” Hussman adds: “The 2007-2009 collapse […]

Continue reading →

Central Bank Follies: We’re All Japanese

Posted on January 13, 2015

An interview with financial expert Gerard Minack, a bear.   Fairfax: What are the big global risks you see out there in the coming few years? GM: The biggest bubble out there is central bank credibility. If Draghi was a stock he’d be on a P/E of 200. Yellen’s on 100. When that bubble pops, all hell […]

Continue reading →

The FED’s Christmas Present to Big Banks

Posted on December 19, 2014

federal-reserve

WASHINGTON — Christmas came early for Wall Street this year. The Federal Reserve on Thursday granted banks an extra year to comply with a key provision of the Volcker Rule, a move that gives financial lobbyists more time to kill the new regulation before it goes into effect. The Volcker Rule is a key element […]

Continue reading →

Hacked, Cracked, and Shelacked: U.S. Weapons Systems

Written by Gary North on November 15, 2014

weapons-system

It is not just Target that got hacked. This appears in The Washington Post. Designs for many of the nation’s most sensitive advanced weapons systems have been compromised by Chinese hackers, according to a report prepared for the Pentagon and to officials from government and the defense industry. Among more than two dozen major weapons […]

Continue reading →
Page 1 of 27123456»1020...Last »