Posts Tagged ‘inflation

17
May
10

good schtuff from dr. paul

if only all his TV appearences were this concise…..

13
May
10

this gold bull market is a sign of our JOKE equity markets…

pointed this out months ago that gold has outperformed S&P500 for last 10 years…Gold is NOT productive and can’t be considered a good sign for our future.

from: http://www.businessinsider.com/is-the-sp-as-measured-in-gold-the-ultimate-sign-of-the-feds-bluff-being-called-2010-5

22
Apr
10

viral ‘tea-party’ debt video

saw this on kudlow today.

08
Apr
10

Ratigan on Godfather Al Greenspan

great little summation of the joke that is american ponzi-finance.
Vodpod videos no longer available.

more about “Ratigan on Godfather Al Greenspan“, posted with vodpod
07
Mar
10

inflation of stocks argument by don luskin

excerpt: 

11
Feb
10

eric schmidt on america’s crony capitalism

http://www.washingtonpost.com/wp-dyn/content/article/2010/02/09/AR2010020901191.html?wpisrc=nl_tech

excerpt: 

More than ever, innovation is disruptive and messy. It can’t be controlled or predicted. The only way to ensure it can flourish is to create the best possible environment — and then get out of the way. It’s a question of learning to live with a mess.

First, start-ups and smaller businesses must be able to compete on equal terms with their larger rivals. They don’t need favors, just a level playing field. Congress should ensure that every bill it passes promotes competition over protecting the interests of incumbents.

04
Feb
10

op ed on bernanke’s exit strategy

excerpt: ”
To sum up, the Fed creates a monetary base and the banks can create $10 for every $1 of monetary base. Wall Street firms created $20 for every Fed $1. In other words, the Fed only seeds the market. Beyond crude instruments like interest-rate policy, it has little control over how much actual money supply exists. In good times banks lend too much. And in bad times, such as today, they don’t create enough money because they lend too little.

Perhaps the lesson Mr. Bernanke drew from 2008-09 is not that we need more regulation but that financial firms should not be allowed to generate money out of thin air to write soon-to-be-bad loans. To seal his legacy, it is fractional reserve banking that he can rein in. Limit leverage and you take away the hot air from these bubbles.”

http://online.wsj.com/article/SB20001424052748703699204575017462822204340.html#

02
Feb
10

larry kudlow grills paulson on mark-to-market accounting

great grilling of hank paulson by larry kudlow around causes of crisis. specifically, larry’s theory is that “conveniently timed” changes to mark-to-market accounting in 2007 sowed seeds of the 2008 collapse. Markets collapsed over 2007/2008, and then and only then rallied when mark-t-market accounting was changed in March 2009(day that market bottomed and then went on 60% rally).

you could also take a gander that golden sachs probably bet against the whole market knowing that mark-to-market changes in 2007 would lead to issues down the road.

no matter what caused crisis, paulson again looks like a freaking bumbling idiot that shouldn’t be calling any shots….Vodpod videos no longer available.

more about “larry kudlow grills paulson on mark-t…“, posted with vodpod

 

14
Jan
10

“after a plan crash, you locate the BLACK BOX”

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from http://inpoints.blogspot.com/feeds/posts/default

06
Jan
10

steve forbes 2010 predictions

nice ron paul shout out:

End the Fed–by Ron Paul (Grand Central Publishing, $21.99). When it comes to money, the mainstream media like to portray Congressman Ron Paul (R–Texas) as a gadfly. Let Federal Reserve Chairman Ben Bernanke enjoy his Time-ly accolades, because history will judge that Paul had it right when it came to the Fed and its often misbegotten monetary policies.

Paul has aroused the fear and ire of the Federal Reserve with his bill calling for the Government

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Accountability Office to audit the Fed. This tenacious Congressman makes the point that independence should not be confused with a lack of accountability. One doesn’t have to agree with Paul’s ultimate conclusion that the Fed should be done away with to realize that this powerful institution is a kingdom unto itself. The Fed can bring about depressions (many historians agree with Milton Friedman’s belief that the Fed was the chief cause of the Great Depression), horrific periods of inflation, as it caused in the 1970s, as well as the current economic crisis, which the Fed fueled with its excessive easing of monetary policy several years ago. Without the excess liquidity, the housing bubble could never have happened. Yet Congress exercises no oversight of the Fed. In fact, no one outside the Fed has the right to examine to whom it lends money or the agreements it makes with other central banks around the world.

http://www.forbes.com/2009/12/30/fact-and-comment-opinions-steve-forbes.html




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