Politics & Economics

Will the Fed Raise Rates This Year?

What does the Federal Reserve plan to do about inflation? At the moment they’re just taking, but it could be time for action later in the year, says Mike Burnick.

The Recession Is a Correction to an Overly Pumped Economic Boom

Editor’s Note: Lew Rockwell is a died-in-the-wool libertarian. He says this recession is a correction to an overly pumped economic boom. It is not an aberration crying out for correction. It is the result of an unsustainable economic bubble that preceded it. Lew says it should be welcomed in the same way we welcome a sober day after a drunken evening, or the detoxification of an addict after a period of addiction.

Fed and ECB Target Different Flations

Editor’s Note: The Fed and the ECB have taken up opposing positions in the current economic battle, says Mike Burnick. Bernanke & Co have chosen to protect economic growth from the threat of tumbling asset prices. In Brussels, the priority is controlling inflation. This is bad for the dollar, says Mike, which will drive commodity prices higher still. There is no pain-free solution, he adds.

A ‘Systematic Crash’ in US Banking Now a Distinct Possibility

Editor’s Note: John Williams at ShadowStats.com warns that major foreign dollar holders could be about to dump the dollar. Meanwhile, a systematic crash in the threadbare US banking system is a distinct possibility thanks to the $391 billion in losses already suffered by US banks as a result of mortgage-related writedowns. All this, says The Mogambo Guru, means good news for gold and silver and a potential meltdown for US stocks, bonds and, of course, the dollar…

How Bad Will the Recession Get?

What goes up, must come down. It’s just a shame that, having stacked up a debt mountain of more than £1.4 trillion, we’ve got so far to fall.

Scorched Earth Economy

Here at Casey Research we have been on the record as bearish on the outlook for the economy for some years now. Lest you think that is loose boasting, I can offer proof in Doug Casey’s August 2005 article, the dramatically titled “Profiting from the End of Western Civilization”.

America’s Three Biggest Problems

Editor’s Note: America has three big problems, says Bill Bonner in The Daily Reckoning. 1) The country is going broke. 2) The military is out of control. 3) Standards of living are falling.

Happy Freakin’ Fourth

Tomorrow we pause to commemorate the achievement of the Founders in 1776. Today we reflect on the botch that subsequent generations have made of it.

Inflation Is Much Higher Than You Think

Editor’s Note: The Mogambo Guru is apoplectic about the Big Media’s denial over the country’s inflation problem. Official data is underestimating prices in a big way, he says, and the Fed has no idea how to manage the situation…

The Fed’s Talk Won’t Save the Dollar

Editor’s Note: Bill Bonner in The Daily Reckoning says the recent slide in the dollar is nothing compared to the all-out collapse that could be on its way. Central banks throughout the world are holding $5 trillion, and some are getting worried about the greenback’s decline. Meanwhile, the euro and gold are become increasingly attractive holdings. If global central banks start dumping their dollars, it could mean the end of the global financial system as we know it…

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