…according to David Stockman
“Ben Bernanke is one of the most dangerous men walking the planet. In this age of central bank domination of economic life he is surely the pied piper of monetary ruin. At least since 2002 he has be…”
Source: Bernanke’s Black Helicopters Of Money
Easy money is doing its thing…higher prices are here and may go higher.
“Inflation is creeping higher and will soon force the Federal Reserve to re-examine the wisdom of keeping short-term interest rates low, says economist Paul Ashworth, the winner of the Forecaster of the Month contest for June.”
Source: Inflationary pressures are already building, top forecaster says
The money printers are on overdrive.
“When we first heard this past Thursday that private blogger and Citadel employee Ben Bernanke was going to “secretly” meet with both the BOJ’s Haruhiko Kuroda and Japan PM Abe, we warned readers that “something big was coming.” Two trading days later, with the USDJPY higher by 200 pips and soaring after something big indeed came overnight from Japan: nothing less than the first “lite” instance of helicopter money.”
Why a depression is the cure that ails America. Being prepared will help you ride out the inevitable.
“Artificial measures to stave off a downturn will only make it much worse.”
Source: America Needs a Good, Old-Fashioned Economic Depression
David Stockman makes the case it’s 2007, all over again.
“Nearly everywhere on the planet the giant financial bubbles created by the central banks during the last two decades are fracturing. The latest examples are the crashing bank stocks in Italy and el…”
Source: Here We Go Again——August 2007 Redux
This is not a sign of a healthy economy as money flows into “safe” government bonds. Gold is popping again this morning. With all the new money central banks have created since the Great Recession of 2007-2009, the financial system has had to absorb trillions of dollars of additional cash, which propelled asset prices highers for the past seven years. In other words, we are in another bubble.
“U.S. sovereign bond prices were higher Tuesday, after being closed Monday for the July 4 holiday, resuming a strong “safe-haven” bid.”
Source: US 10-year Treasury yield falls to record low
We are at February 2007 levels, which was the peak of the housing bubble.
Improving supply increased choice for buyers, suggesting the economy remains on solid footing.
Source: US existing home sales hit 9-year high
The Federal Reserve has painted itself in a box. Raising interest rates would destabilize the economy. Keeping rates well below “normal” creates more distortions in the economy. What should be done? Ending the Fed would be a good place to start so the money manipulators in DC could no longer create inflation and booms and busts. Also, making the dollar as gold should be the goal of the federal government.
Federal Reserve Chair Janet Yellen said Tuesday that the U.S. economy faces a number of uncertainties that require the Fed to proceed cautiously in raising interest rates.
Source: Yellen says uncertainties justify cautious approach – Business – NorthJersey.com
Quantitative easing is finally kicking in.
Headline inflation data presented an unspectacular assessment of the pace of consumer price increases, but below the surface there are signs that inflation pressures are building.
Source: Don’t Look Now, But There Are Signs Inflation Is Picking Up