Econ Comments & Analysis
Real Clear Markets | Ben Bernanke: The Economy and Stock Market Myth
In a recent interview with ABC's Diane Sawyer, Fed Chairman Ben Bernanke, the walking, talking embodiment of systemic risk, proclaimed about the U.S. economy he's done so much to destabilize that "It's far too early to declare victory." Translated, Bernanke stands ready to flood the banks with even more dollars if and when he deems the economic outlook shaky.
Forbes | Gold, Money Creation, and the Monetization of Debt
Having noticed that although gold did fall to the top end of my expected value range using money metrics, I wondered why it did not fall at least to the middle range.
CNBC | Roubini: Euro Must Come Down to Dollar’s Level
The euro needs to sink to parity with the US dollar in order to restore Europe’s peripheral economies to growth, Nouriel Roubini, the economist known as “Dr. Doom” for his bearish predictions, told CNBC Friday.
Real Clear Markets | Monetary Malfunction Blunts the Recovery
The year 1865 was profound for the United States in so many ways that lost in the euphoria of the end of the Civil War was a dramatic movement that laid the foundation for our current monetarist system, and thus our current economic predicament.
