Archive for November 2021
Math Doesn’t Lie – Why Taper Talk is Just Talk
Stocks had a rough day on Black Friday. Even though markets were only open for half a day, on an intraday basis the Dow Jones Industrial Average fell 1000 points. The Industrials closed down 905 points for the day. The S&P 500 and the NASDAQ had ugly days as well. In the “Positions”…
Read MorePension Plan Problems?
In this weekly post, I comment frequently on Federal Reserve policies largely because Fed policy is the primary driver of economic and investing conditions. Over the past dozen years or so, the Fed has created currency literally from thin air, a process known as quantitative easing, and has kept interest rates at artificially…
Read MoreInflationary Death Spiral – Part Two
The economic news continues to concern. As anyone who has been a long-term reader of my posts knows, when the Federal Reserve began quantitative easing programs, a.k.a. currency creation, I suggested we would ultimately have inflation followed by deflation or should the Fed be tempered in its approach to currency creation, we could…
Read MoreAnatomy of an Inflation
The Federal Reserve announced a $15 billion per month taper and markets rallied. All markets rallied as noted in the databox above; stocks, bonds, and precious metals all moved higher. The Dow to Gold ratio remained in the neighborhood of 20. I stand by the forecast of an ultimate ratio value of…
Read MoreCurrency Devaluation or Market Crash
This week, I want to share excerpts from and some of my comments on an insightful article penned by past RLA Radio guest, Mr. Alasdair Macleod. Undoubtedly, many of you recognize Alasdair as the head of research at Gold Money. Mr. Macleod’s article is titled “Waypoints on the road to currency destruction –…
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