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New FED Chair => Recession

Written by Robert Murphy on July 18, 2014


As I make clear in my recent interview with Tom Woods, I think that Bernanke painted himself (and the US economy) into a corner, then handed the paintbrush over to Janet Yellen. In case I sound “paranoid,” let’s review our history: ==> Paul Volcker took over as Chair of the Fed in August 1979. A […]

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Who Is Buying American Stocks?

Written by Gary North on July 2, 2014


Is it hedge funds? Nope. They are selling. How about retirement funds?  Not this time.  They are selling. How about insurance forms? Nope. Sellers. Insiders!  They know a good thing when they see it! They do, indeed. They are net sellers. Then it must be foreigners.  Sorry. They are selling. Then who?  Corporations, mostly. They […]

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Biotech Stocks Decline, Drag Down Stock Market This Week

Posted on March 29, 2014


The U.S. stock market pared most of its gains Friday after an early morning rally following generally positive consumer spending data petered out by mid-afternoon. The Nasdaq Composite saw the worst week in 17 months, after a week-long selloff in biotechs dragged the index down. The S&P 500 ended the day 8.58 points, or 0.5%, […]

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Market Takes A Dip As Ukraine Crisis Escalates

Posted on March 3, 2014


Wall Street was setting up for a tough session on Monday, with U.S. stock futures under pressure as investors moved out of perceived riskier assets following a weekend of escalating tensions over Russia and Ukraine. Futures for the S&P 500 index fell 19 points, or 1%, to 1,838.90, while those for the Dow Jones Industrial […]

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Is Amazon Raising Prime Price?

Posted on February 15, 2014


Amazon’s recent statement that it’s contemplating raising the price of its free-two-day-shipping membership program by $20 to $40 from its current $79 annual rate has ignited a firestorm of sorts and led to a UBS stock downgrade on Wednesday that cited concern that a significant percentage of existing Prime members won’t renew at a higher […]

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QE3 is a Huge Subsidy to the Top 10%.

Written by Gary North on September 26, 2013

The Federal Reserve System’s policy known widely as QE3 is a massive subsidy of the rich at the expense of the middle class. This is the conclusion of Stephen Roach, who for years was chief economist for Morgan Stanley. He calls this policy destabilizing. He says this: the FED “is courting an increasingly treacherous endgame […]

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No Taper. Of Course.

Written by Gary North on September 19, 2013

The financial media have been hyping the taper since mid-June. As September 18 drew near, the media were filled with predictions of a taper. As you know by now, I regarded the entire thing as nonsense. Bernanke announced no change. So, what else is new? The Wall Street Journal announced the news within minutes. The […]

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The FED and the Bond Market

Written by Gary North on September 12, 2013

The Federal Reserve creates $85 billion a month in new money in order to subsidize mortgages ($40 billion) and U.S. government bonds ($45 billion). This is now considered normal. Any reduction in this increase is referred to as “tapering off.” FED-watchers still expect the Federal Open Market Committee (FOMC) to announce a reduction to $75 […]

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Stocks: The 2-Second Head Start

Written by Gary North on September 12, 2013

How fast can the stock market assimilate new data? In less than two seconds. Thompson Reuters proved this in no uncertain terms. It sold information to investors two seconds before it released the figures to the media. There were high-level traders who knew how valuable this information is. So, they paid the company a bundle […]

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Taper, Taper, Bubble, Bubble, Pop, Pop

Written by Gary North on August 26, 2013

This is a typical media story on the possibility that the Federal Reserve may not stop counterfeiting as much money in September as it is today — a position I have repeatedly maintained. The basic assumption is this: the world’s stock markets are governed by fears of FED tapering, and little else. Asian stock markets […]

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