Japan, the world’s No. 3 economy, is attempting to rev up its overall economy and fight off threats of deflation by ramping up its annual acquisition of government bonds, a move that would print vast sums of money and insert new yen into the economy. According to the Bank of Japan (BOJ), the central bank […]
Archives for October 2014
Alan Greenspan: It’s not possible for the Federal Reserve to end cheap money policies
Former Federal Reserve Chair Alan Greenspan made some very interesting comments this week following a speech to the Council on Foreign Relations (CFR). Greenspan, who was the instigator of many bubbles throughout his tenure, touched upon a variety of central bank and market-related topics, according to the Wall Street Journal. Federal Reserve ends QE? Fed […]
The Federal Reserve creates income inequality
The latest topic to dominate economic policy and election cycles is income inequality. The tired phrase “the rich get richer and the poor gets poorer” is regurgitated incessantly by most protesters, anti-poverty organizations and liberal politicians like Elizabeth Warren and Bernie Sanders. Although prescription presented is to raise taxes on the wealthy and to increase […]
Heated CNBC debate with Peter Schiff over gold (video)
Peter Schiff hasn’t been this explosive in quite a long time. Schiff appeared on CNBC on Tuesday to discuss gold, but one trader attacked the Euro Pacific Capital CEO for predicting the yellow metal would reach $5,000 at around this time. Schiff conceded that he was incorrect, but noted that he is less wrong than […]
Remember, the dip in gas prices is keeping CPI from exploding
Price inflation is pretty rampant in the United States right now. However, the only thing that is keeping it from skyrocketing is the dip in gas prices, which has been due to the exploding oil shale and fracking operations within the U.S. Gas prices, as the chart below will highlight, has dropped significantly since the […]