It’s a sign of how much trouble we’re in when a budget deficit of a half trillion dollars seems like fiscal restraint. It is progress, given that annual budget deficits…
The Dollar Is In Danger
It’s a sign of America’s strength and its position as leader of the free world that the dollar is the world’s reserve currency. Just as English is the closest we’ve…
The QE Apocalypse
The end is near. The Federal Reserve Board has now put a date on the quantitative easing apocalypse, letting us know that bond buying will end in October – unless…
Sprinkling the Fairy Dust of Illusory Riches
When the Bank for International Settlements (BIS) calls central bank market rigging “the fairy dust of illusory riches,” it’s time to pay attention. The BIS is the central banks’ central…