Blog > Archive by tag 'europacific'
by John Browne
Baltimore — (TFN): This week I watched Fed Chairman Ben Bernanke charm the rain-soaked graduating class of Harvard, my Alma Mater. As he spoke, I was reminded of an anecdote involving President Franklin D. Roosevelt during the commencement speech he gave at Harvard in 1936: Amidst a similar downpour, he said, “Well, Harvard [...]
by Peter Schiff
Baltimore — (TFN): For those holding out hope that the American economy can miraculously avoid a long and deep recession, consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week’s report showing $15 billion growth in consumer credit was widely heralded as [...]
"The hope that this additional credit will somehow alleviate the problems in the U.S. housing market is extremely naïve. Virtually none of this newly created credit will find its way back into the domestic mortgage market." — Peter Schiff
by Peter Schiff, EuroPacific Capital
Baltimore — (TFN): This week’s announcement by the Fed that it will create [...]