All Posts Tagged With: "Ben Bernanke"

Another ECB Rate Hike Will Kill the Dollar

Throughout the world consumers and investors are taking a beating, says Bill Bonner.

In some countries soaring inflation is eroding consumer purchasing power. In others tumbling asset prices are destroying investor wealth. In most both are happening at once.

It’s a major headache for central banks. Bill says the Fed should follow the ECB in hiking rates, even if it means an economic slump…

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…

The Fed’s Policy Is Firmly Guided By Fantasy

Editor’s Note: There is nothing the US Treasury can do to prevent further losses for the dollar, says Peter D. Schiff, not when the Fed’s policy on inflation is firmly guided by fantasy.

The Decline and Fall of the American Empire

Editor’s Note: The 1930s have nothing on the depression we’re about to enter, says commodities expert Doug Casey. Interest rates are too low and currencies are being kept artificially high. It can only lead to one thing: the decline and fall of the American empire.

Billionaire investor Eli Broad shares Doug’s view, although he puts it a little more mildly. He said yesterday that the US economy is in the worst recession since World War II and a recovery in the housing market is “several years” away.

The US Federal Reserve’s Inflationary Feast

Editor’s Note: What’s the Mogambo’s take on inflation? He thinks that rather than cut back, consumers are just going to carry on spending, and inflation will carry on rising. Is there any light at the end of the tunnel? Not that he can see…

Fed Must Respond to Inflation Threat

The machinations of the US Federal Reserve are uppermost in the minds of investors — and the media. The Fed is in a jam. On the one side slowing growth and the specter of the credit crisis. Rising inflation on the other.

Bush’s Approval Ratings Plummet As Oil Skyrockets

Editor’s note: Oil is rapidly heading towards $150 a barrel, and Fed boss Ben Bernanke won’t raise rates… yet. Who do Americans blame? Gee Dubya, says Bill Bonner in The Daily Reckoning. The president’s approval ratings have gone through the floor. And Warren Buffett says he’s voting for Obama…

Oil hit $143.67 this morning as fears of Israel attacking Iran spooked the market. On Saturday, Major general Mohammad Ali Jafar, the Iranian military chief, ratcheted up the tension by warning of shipping controls in the Gulf – through which 40% of the world’s oil travels – if Israel launched an attack.

Crude Oil Rising, Dow Collapsing

Editor’s Note: Money Morning’s William Patalon III says crude oil prices above $142 a barrel and the 20% slump in the Dow Jones Industrial Average (DJI) since October are the chief concerns for investors.

Fed Decision Means Inflation Here to Stay

Editor’s note: The Federal Reserve is living in dreamland if it thinks US inflation’s going to come down this year, says Charles Delvalle in Investor’s Daily Edge. The price of imports will see to that. Bernanke should follow Europe’s lead and think about raising interest rates.

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