Martin Wolf, chief economics commentator at the Financial Times, is calling for the world’s central banks to start electronically depositing money “to every adult citizen.” Wolf’s not calling on only the Fed to implement this policy but all the world’s central banks, which would mean massive inflation around the world that would send investors scurrying
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.
It’s astounding to hear talking heads blame the stock market collapse on falling oil prices. Lower oil prices should have caused stocks (except oil stocks, of course) to rise. This is especially true of the stocks that make up the Dow Transportation Index.
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.
As is the case with most firms in the financial field, we have TVs running in our offices from the time we open to closing. Sometimes, we learn something of value, but most of the time the commentators talk about meaningless developments, such as the daily changes in value of the dollar to other currencies.
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
It has almost become a theme of this site that Keynesianism dominates economic thinking around the world. Now, comes “proof” that in order to stimulate economic activity all that is needed are huge quantities of freshly printed money pumped into the financial system. That “proof” comes from Japan where Abenomics has been in play since
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