Having pumped the financial system with liquidity for over two years, Ben Bernanke has now decided to take his foot off the pedal temporarily. Indeed, the Fed is not only NOT launching QE 3 soon, but is going to let QE2 end.
Why is this?...
The Federal Reserve's actions in combating the Financial Crisis have had dozens if not hundreds of consequences. However, one of the most profound has largely gone unnoticed by all commentators.
That consequence of the Fed sending the...
We are officially in an inflation trade melt-up.
Everything that is an inflation hedge has exploded since late August. Gold is up 15%. Silver is up 48% (courtesy of the manipulators finally getting taken to court). Agricultural commodities...
As I've stated in countless article before, the Fed is good at nothing but blowing bubbles. And while most commentators have focused predominately on the bubble occurring in stocks (if you compare where the S&P500 is relative to...
Let's talk about China.
China is the US's largest creditor. All told, the People's Republic has $700+ billion in US Treasuries. However, if you account for other dollar denominated investments, China is believed to have 70% of its $1.7...
Today's essay details the ongoing collapse of the US economy with a focus on why this coming fall will prove the "worst is over" crowd wrong yet again. Earlier this week, I detailed three major developments. They were: