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The Fed’s All Talk, But That Might Be the Point
A couple weeks ago the Bank of Japan made a startling move when it pushed a key interest rate into negative territory. After one of its officials had said just a week prior that the central bank...
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The Importance of Market Psychology
On Game Day, a young athlete can usually benefit by having a positive influence on the sidelines, be it a coach or a parent. I’ve seen this first-hand for many years. When talking to a young athlete...
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“Whatever It Takes.” The Next Level of Monetary Policy
There’s an old adage in economics that the best way to cure deflation is to drop money from helicopters. Clearly this phrase isn’t older than mid-20th century, because before that time we didn’t have...
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Secret Monetary Group Warns a Catastrophe Is Coming
The Bank for International Settlements is nothing if not obscure. As the central bankers’ bank, it seems little-more than a back-door, private club for monetary elites to rub shoulders. And it’s...
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Investors Are Catching On: The ECB’s Move Reeks of Desperation!
The European Central Bank met this morning, and the expectation going in was that they need to do something drastic. In the past, ECB President Mario Draghi said they would do anything it takes, but...
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We’re in Uncharted Territory, With Unintended Consequences
One of the best things that ever happened to me was my grandfather gave me $5,000 when I was born. My dad then invested that money conservatively, in bonds, and by the time I was off to college, I had...
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Central Bank Credibility Takes Another Hit
A few weeks ago, the Fed met and announced their policy decision with no change and no big surprise. No shocker there. But after parsing the statement for changes from their previous statement, there...
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Markets Fixated On Tomorrow’s Brexit Vote
Lance Gaitan With only one day separating us from the historic “Brexit” vote on the other side of the pond, the implications remain unclear and the markets are as still as a deer in headlights,...
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Bond Bubble To Burst
Harry Dent The great commodity bubble has been steadily bursting since mid-2008, but has taken a nosedive since early 2011. It’s now down 70% overall, and 80%-plus in industrial commodities like iron...
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A Real Look at Helicopter Money
Charles Sizemore His detractors condescendingly called former Fed Chairman Ben Bernanke “Helicopter Ben”. This comes from an off-the-cuff comment Bernanke once made in a speech about deflation. In...
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FOMC Members Hold Lofty Titles, but Little Experience
A few weeks ago I wrote to you about the Fed’s responsibilities as the central bank for the United States. Not long after, we had the Jackson Hole conference. Well, we’re now just seven days away from...
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The End of Truth
I’m tired, both mentally and physically. We just finished our three-day Irrational Economic Summit in Palm Beach, Florida, and the event ran at breakneck speed. From Harry’s opening comments to the...
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Who’s On Deck at the Fed?
You may remember that in early September I wrote about the Federal Open Market Committee (FOMC) – basically, the Fed officials who vote on monetary and interest rate policies, which govern a massive...
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The Fed Hiked Rate! So What?
As expected the Fed hiked the federal funds rate in their policy announcement following yesterday’s meeting. This was expected – I mentioned the near certainty back on November 21 – and already...
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Is the Bond Rout Over?
While the Trump-fueled rally continues, the Fed’s been keeping a relatively low profile lately. Maybe it’s the New Year or maybe it’s just analyzing the incoming data to determine whether last...
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Calling B.S. on Central Bankers
I’m a fan of the Marvel Comics movies, like X-Men and Iron Man. My lovely wife often catches me watching tidbits of the Avenger films when I sit down in front of the TV to relax for a few minutes. I’ll...
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The $4.5 Trillion Gift
Let me tell you a little story. Let me tell you a little story. It starts in November 2008 when the Federal Reserve launched an $800 billion bond-buying program to lower lending costs for borrowers as...
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The Fed Fudge Factor in Treasury Yields
I hate taxes. I don’t begrudge paying for a functioning government, it’s the dysfunctional favoritism that ticks me off. This amorphous blob in Washington sucks dollars out of my wallet and then tells...
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The Fed Decides… No Surprise
The Federal Reserve is one of the most powerful economic engines in this country, if not the world. Its power and influence is such that any meeting or quote, no matter how seemingly banal or...
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Spare Me the Fed’s Latest Data-Driven Drivel
In this hyper-tense, polarized nation where words now count for more than deeds, we need a running list of who is offended by what so we can steer clear of landmine nouns, adjectives, and titles. I...
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