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Dollar Bear: More Fed Means Less Money for You

“What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a [...]

Oil Prices Jump Higher on EU Warning

“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet by Stephanie Grimmett Baltimore – (TFN): You can blame a frenchman [...]

The truth behind Bernanke’s sudden inflation concerns

“To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally.” — Dominic Frisby Blogger’s note: Dominic Frisby, an editor at our British [...]

This Week’s Financial News: Bernanke takes to the tightrope, the carry trade’s in trouble and Christoph’s a Democrat

“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 [...]

Gold Prices: Bernanke goes for the gold

“(The Fed’s) message has been, more or less, that money grows on trees, which is why Ben Bernanke’s moniker, ‘Helicopter’ Ben, is catching on with the press. Gold bugs could not be more thrilled. Just recently, I wrote that we are seeing the best of all worlds for gold [...]

This Week’s Financial News: Paulson has an idea, Bear Stearns ain’t a cheap floozy and mind the overspray

"At least the U.S. economy has started to look more like a soap opera and less like a Greek tragedy this week. Maybe we can get out of the current market situation without having to watch every player die a bloody, violent death, afterall… or maybe not. Either way, I’d bring a an umbrella to [...]

U.S. Market Crisis: Paulson saves the day

"Senators, representatives and presidential candidates have been busy calling for more government oversight of the financial industry. And maybe Congress will settle on Paulson’s idea as its "savior" in the current camera-mugging opportunity. It could actually save money and provide a simpler system for companies trying to follow the ornate business laws already in place [...]

Precious Metal Investing: Fed’s recent moves virtually guarantee that gold will rise

"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 [...]