The ocean of debt needed to fund the federal government is likely to be monetized by the Federal Reserve resulting in a high structural level of inflation for decades to come ...
The mid-term election results appear to match what market participants expected in the days leading up to voting yesterday. We will refrain from political commentary other than to make the observation that there is a difference between “benign gridlock” when ...
In an interview with The Financial Times, Jeremy Grantham discusses a study on various financial bubbles that his firm has recently completed. Mr. Grantham found 34 examples of bubbles that fit his definition as a “forty year event” statistically. Of ...
When President Obama nominated Federal Reserve Chairman Ben Bernanke to a second term last August, few observers expected anything to derail the confirmation process in the Senate. However, The Wall Street Journal has reported that Mr. Bernanke is rapidly losing ...
A very brief video clip of Federal Reserve Chairman Ben Bernanke announcing that the recession is over has been seen on nearly every nightly newscast this evening. What is more relevant are the comments Mr. Bernanke made prior to stating ...
