Gold haters–think Paul Krugman–are fond of attacking gold and advocates of gold as money. They prefer digital monies that reside in computers. Nothing physical, such as coins that can jingle in your pockets, just a statement showing how many digital dollars you have “in the bank,” which is really not a bank but a computer.
And, the stock market — using the Dow Industrials — fails to make new highs. The U.S. economy grew at its slowest pace in two years the first quarter 2016, with GDP rising .5 percent, less than half the gain posted fourth quarter 2015. For some time, the U.S. was the shining star among world
April 15 is behind us, and that gives a feeling of relief to those Americans who labored and toiled in 2015 to provide for themselves and their families while seeing billions of dollars confiscated from their earnings. (And, now they must keep records for years just in case they are later audited by the IRS.)
At the Houston Mises Circle January 30, I sat on a panel and was asked how I saw the gold and silver markets doing in 2016. Basically, I said that metals prices hinged on what the Fed does with interest rates and with how the stock market reacts.
Charles Payne, host of Fox Business News “Making Money with Charles Payne,” may have put his job in jeopardy Friday when he called into question the need for the Fed, the US’s central bank. Make no mistake, central bankers and the people who benefit from central banking are powerful, with tremendous influence in the media.
The Fed did not listen to me and leave rates unchanged. They hiked .25%, as was widely expected in more learned circle. I thought that Yellen and Company would fear being blamed for either a massive stock market sell-off or recession, both of which we may still see. The New York Times saw the Fed
Frank Holmes of U.S. Global Investors recently published an excellent brief history of the role that gold has played in the American economy since 1789. Although a few salient facts were left out, the essay is an excellent, informative and easy read.
All year, members of the FOMC (Federal Open Market Committee) have made speeches and given interviews where they have hinted at raising rates at the next meeting, but the meetings came and went without rate hikes despite what some economists call improving economic indicators such as the lower unemployment rate. Now, they’re strongly suggesting a
Wednesday the Federal Open Market Committee (FOMC) gave no date for an interest rate hike, leaving analysts and economists speculating as to when the long anticipated .25 percent increase in the federal funds rate, which now officially stands at “zero to .25 percent,” will come. Following the Fed’s official statements issued after FOMC meetings has
If there is anything that haunts the Fed chairpersons it’s the fear that they will be blamed for causing another Great Depression. Ben Bernanke, noted for his studies of the era, has said that the Fed did not do enough to prevent the calamitous 1930s depression. That position, undoubtedly, led to the Bernanke Fed implementing
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