Saturday, November 30, 2013
Thursday, November 28, 2013
David Stockman Fears "Panic" When The "Lunatic" Fed "Loses Control"
Well, David Stockman certainly isn't drinking the Kool-Aid. I agree with him, but timing bursting of asset bubbles is never easy to do. As exaggerated as asset prices are in equities, they can become stretched to even more irrational levels in a melt up.
Even if nominal values appreciate, if the sovereign fiat currency in question is in a free fall, real wealth is not achieved. For example, if soaring stock markets are an accurate indicator of prosperity, Zimbabwe would be the wealthiest nation in the world. Clearly, that is not the case for the former advanced economy of the once-prominent Rhodesia.
Stockman's case for the Fed exporting currency devaluation to other countries is absolutely true, as central bank balance sheets are exploding globally. Jim Rickards wrote his best-selling Currency Wars on that very premise of a race to the bottom. Currency wars never end well, but when the entire planet is doing it (which is unprecedented in world history), the outcomes may very well be our worst nightmare economically.
http://www.zerohedge.com/news/2013-11-27/david-stockman-fears-panic-when-lunatic-fed-loses-control
Even if nominal values appreciate, if the sovereign fiat currency in question is in a free fall, real wealth is not achieved. For example, if soaring stock markets are an accurate indicator of prosperity, Zimbabwe would be the wealthiest nation in the world. Clearly, that is not the case for the former advanced economy of the once-prominent Rhodesia.
Stockman's case for the Fed exporting currency devaluation to other countries is absolutely true, as central bank balance sheets are exploding globally. Jim Rickards wrote his best-selling Currency Wars on that very premise of a race to the bottom. Currency wars never end well, but when the entire planet is doing it (which is unprecedented in world history), the outcomes may very well be our worst nightmare economically.
http://www.zerohedge.com/news/2013-11-27/david-stockman-fears-panic-when-lunatic-fed-loses-control
Wednesday, November 27, 2013
Here’s The Truth Governments Don’t Want The Public To See
Inflation 101: concepts that professional Keynesian economists can't or won't wrap their heads around.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/26_Heres_The_Truth_Governments_Dont_Want_The_Public_To_See.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/26_Heres_The_Truth_Governments_Dont_Want_The_Public_To_See.html
Labels:
Don’t Want,
governments,
public,
See,
truth
Monday, November 25, 2013
Sunday, November 24, 2013
Inflation is Raging – If You Know Where to Look
I would add BitCoin to the list of tangible assets experiencing inflation.
http://dollarcollapse.com/inflation/inflation-is-raging-if-you-know-where-to-look/
http://dollarcollapse.com/inflation/inflation-is-raging-if-you-know-where-to-look/
Labels:
inflation,
Know,
Raging,
Where to Look
Saturday, November 23, 2013
Friday, November 22, 2013
PBOC Says No Longer in China’s Interest to Increase Reserves
The beginning of the end for USdollar supremacy...
http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html
http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html
Labels:
China’s Interest,
Increase Reserves,
no longer,
PBOC
Thursday, November 21, 2013
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