“Hitler will send no warning- so always carry your gas mask” – British Ministry of Home Security poster circa the Sitzkrieg* (October 1939-April 1940) The economy is already wearing an over sized Fed tailored suit and now the market is worried that the Fed might “taper” that suit. Here is what the Fed has already … Read More →
Dallas Fed President Monetary Cocaine First it was the hard money Austrian Economic types like Ron Paul, Peter Schiff and Jim Rogers warning on the ills of the Fed’s monetary easing. In recent times we have heard similar warnings from the Bank of International Settlements, Bill Gross and even the Federal Reserve’s own advisory council. … Read More →
Bill Gross Against QE For the past few days the chorus has been getting louder: Monetary easing does not work and creates structural imbalances in the economy leading to systemic risks and asset bubbles. Today Bill Gross weighed in with this “Perhaps zero-bound interest rates and quantitative easing programs are becoming as much of the … Read More →
“A man hear what he wants to hear, and disregards the rest” -Simon & Garfunkel Another large banking organization published a warning today on the disconnect between the poor economy and the soaring markets. You can read about it here Get Free Updates From Smaulgld.com Subscribe to Smaulgld.com and get the free “In Case You … Read More →
You Can Reheat a Souffle “You can’t reheat a souffle” Paul McCartney It looks like economics is not a dismal science after all. The Federal Reserve, via the injection of liquidity (i.e. creating money out of thin air) have proven that you can reheat an economic souffle. Just a few short years after the stock … Read More →
“Markets can remain irrational longer than you can remain solvent.” John Maynard Keynes Today’s May reading of the Institute of Supply Management is just another in a series of underwhelming economic news. The reading showed a decline in manufacturing. But, no matter the markets rallied as they see it as a sign that the Fed … Read More →
Now that giving away products and services for free has proven to be a viable business model, will a profitable model of paying consumers to use products emerge? People using free product are learning that “free” comes with a hefty privacy price. In any transaction two parties assign relative values to what they are exchanging. … Read More →
Gold is an Asset Not an Investment Warren Buffet is famous for his criticism of gold as an investment. He might as well argue that stamp collecting is not a team sport. Gold is not an investment. Your primary residence is not an investment. These are not investments any more than a cup of tea … Read More →
Since the beginning of the year the Fed has been talking about cutting back on its quantitative easing (“QE”) program that has been in effect for nearly five years. That talk has been increasing in recent months. QE involves creating money out of thin air in order to purchase US Treasuries and Mortgage Backed Securities … Read More →
The Economic and Real Estate Recovery is Based On QE “You can ignore reality, but you can’t ignore the consequences of reality” – Ayn Rand It’s raining horrible economic news, yet the real estate and stock markets are staying dry and heading higher. It has been nearly five years since the financial crisis of 2008. … Read More →
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