Tag: the fed

 

Bernanke steals OPEC’s power

Published on December 17, 2008

OPEC is meeting to discuss a major production cut. It’s goal is to boost prices back to the $75 level it deems fair. What it does not realize is the Federal Reserve has much more power than the cartel could ever dream of. Prices may rise, but it will not be because of an OPEC [...]

The Fed hired who?

Published on November 4, 2008

The government is still up to its old tricks of hiring within the inner circle and frivolously spending huge sums of money. But at least this time, companies like General Electric (NYSE:GE) and Wells Fargo (NYSE:WFC) have a shot at some big money.
By Andrew Snyder
Baltimore – (TFN): With a resume like that, this guy [...]

Election-year economics: Another stimulus package?

Published on October 20, 2008

Capitol Hill is at it again. As if spending over a trillion dollars was not hard enough on the federal budget deficit, our left-leaning leaders want to throw even more free money into the economy. If you want a healthy economy, do not cash those checks.
By Andrew Snyder
Baltimore – (TFN): I used to think [...]

A Modest Proposal: Why give a tax rebate when you could offer “Economic Stimulus Cards” instead?

Published on January 25, 2008

'For those who want to engineer spending, the problem is that the people who receive the funds may not decide to spend it immediately, if at all. They may, god forbid, elect to pay down existing debt or most perniciously, actually save it instead. Just recently, the Treasury Department launched a program to streamline Social [...]

Subprime Collapse: A Simple Guide

Published on January 2, 2008

"Starting from a virtual standstill 10 years ago, subprime lenders became by far the fastest-growing segment of mortgage lending. They wrote US$540 billion in mortgages by 2004 and US$625 billion at their peak in 2006 – roughly one-quarter of all new mortgages." — John Pugsley.

Blogger's note: Our friend John Pugsley at The Sovereign Society [...]

Global Credit Crunch: Why the Fed is making it worse

Published on December 26, 2007

"The feds try to artificially increase the supply of cash and credit… so as to avoid correcting mistakes." — Bill Bonner.

Blogger's Note: Our friend Bill Bonner of The Daily Reckoning published a good article on the current credit crisis. Bill has some interesting things to say about the U.S. market situation and the [...]