Baltimore — (TFN): Ever since Robert Rubin began the tradition in the mid-1990s, it has been a significant element of the Treasury Secretary’s job description to continuously state that a strong dollar is in the national interest. It is widely regarded that such utterances, if repeated often enough, can constitute the sum total of what [...]
“There has not been a chairman of the Federal Reserve Board with sound monetary instincts since Paul Volcker resigned in 1987.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore — (TFN): The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal [...]
“Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic “slowdown” resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke believes these mistakes were simply not large enough.” — Peter [...]
“Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.” — Stephanie Grimmett
by Stephanie Grimmett
Here at Today’s Financial News, we spent the [...]
Tags: april fools day, asia financial crisis, bernanke, carry trade, congress, currency, Fed, financial news, hyperinflation, joke, liquidity, paulson, stock chart, technicals, us currency, value investment, wall street
by Peter Schiff
Baltimore — (TFN): Those blindsided by the recent financial meltdown are now loudly blaming the free market for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters.
But for those who clearly observed the problems developing (in high-definition slow motion), the blame can be directed squarely [...]
by John Browne
Baltimore — (TFN): On March 31, Treasury Secretary Hank Paulson announced the laying of the government’s foundation stone for the next big financial bubble, heralding an era of hyperinflation and probable further runs on the U.S. dollar.
Of course, like most politics, there is usually a good reason and a real reason for actions. [...]