Ben Bernanke
Few will argue against the fact that the U.S. economy is sputtering. For several years now I have been arguing that the government misdiagnosed our problems and subsequently applied the incorrect cure. If we take a look…Read
Many have noted the resemblance between the Federal Reserve Board and the Catholic Church. Both have long traditions of secret convocations: meetings of the Open Market Committee and the College of Cardinals. Both have a revered…Read
So yeah, remember that weird kerfuffle from last week about how China's top central banker was missing. Not true. He's around and apparently he's giving his US counterpart, Ben Bernanke, some lessons on conducting monetary…Read
The WSJ asked several people, mostly on the right, about whether the Fed has the power to do more. John Taylor's answer was predictable, the problem is that they aren't following the Taylor rule and the sooner they…Read
Few will argue against the fact that the U.S. economy is sputtering. For several years now I have been arguing that the government misdiagnosed our problems and subsequently applied the incorrect cure. If we take a look under…Read
"Bernanke chases Keynes." Think you have a better caption. I doubt it. But post it anyway. Mark McHugh did the photoshop. More pics from Mark: Goldman Sachs Lemonade Stand I Can't Believe It's Not Capitalism Bernanke the…Read
"Bernanke chasing inflation." ## Video below. Post a better caption in comments if you've got one. Thanks to Mark McHugh for the photoshop work. Mark's blog: Across the Street Mark's articles on the Bail Mark's previous…Read
"Bernanke chasing inflation. He can't catch it." ## Post a better caption in comments if you've got one. The original pre-photoshop pic is at the bottom along with a video. Thanks to Mark McHugh for the work. Mark's blog:…Read
San Francisco Fed Director of Economic Research John Williams was out today talking up the economy during a speaking engagement. Mr. Williams is currently filling in for San Francisco Fed President Janet…Read
Consumers have had enough of high interest rates on credit cards but its a case of one plastic for another. Bloomberg reports Cardholders Prefer Debit as Credit-Card Use FallsAmericans are shunning their credit cards and using…Read
Guest post from EuroPac's Michael Pento. Desperation and fear now control Bernanke's QE playbook. This could get very ugly, very quickly. Batten down the hatches. ## By Michael Pento Word on the street is that the Fed is now out…Read
By Adam OzimekThere was an article last week in the New York Times about economists calling for the government to simply allow house prices fall and reach their bottom, an idea which is gathering more and more support. I…Read
I get requests from local friends fairly regularly for aid in understanding their finances. While coming home from church recently, I mentioned to her that many were seeking my opinion in our congregation. Her response was,…Read
Bernanke may choose to expand the Fed's portfolio (money printing) but the problem is well known: the banking system represents a bottleneck, preventing cash from getting from the Fed into the real economy, quote-unquote.…Read