STAFF NEWS & ANALYSIS Showing 5051 - 5100 of 5190
European Commission Report Says $25 Trillion in Toxic EU Bank Holdings
February 12, 2009
As long as we are patting ourselves on the back, we shall go ahead and risk a cramp by pointing out that we also made the following prediction: The total bailout, over time, including central bank monetization, may well be somewhere in the area of US$100 trilli ...
Geithner: The Man With No Plan
February 11, 2009
We're sure Geithner et. al. will keep tinkering until they come up with a formula that gets at least a bit of a better reception on Wall Street. The market will rise up at least temporarily, and the mainstream media will make a big deal about it. The implicatio ...
Geithner Says G7 Should Act 'Promptly' on Economy
February 10, 2009
Timothy Geithner, one of at least four Barack Obama nominees that did not pay all his taxes – (and apt to be an even more aggressive leveler to make up for it) – is scheduled to attend a meeting of the G7 industrial countries on Friday. It's all very hush, ...
Official Figures Obscure China's Decline
February 09, 2009
What does China need to do now? The answer apparently is that it will provide goods and services at a faster rate to its own population. Whether this is feasible is yet another question, but China's aging leaders have decided to try. They need to do something a ...
Saving Banks From Themselves
February 06, 2009
Yesterday we analyzed a Herald article that indicated the citizens of Iceland were irritated that the central bank hadn't properly reined in their commercial banks. We pointed out that it was rather more likely that those in Iceland were annoyed with the centra ...
Russia Takes the 'Monetary' Road Less Travelled
February 05, 2009
OK, we know how hideous the Russians are. Vladimir Putin has been nationalizing everything in sight, and what he doesn't nationalize the KGB (or whatever it is called now) beats into a pulp, especially reporters. But nonetheless, the above article excerpt makes ...
Global Crisis Has Wiped Out 40% of World Wealth
February 04, 2009
Are you a confused denizen of the West – or East for that matter? You can hardly be blamed if you are puzzled by headlines and stories such as these. Normal people go to work, make a living and try to save what they can. They may own a house, a car and have s ...
Australian Prime Minister Calls for New World Order
February 03, 2009
The SMH article, excerpted above, in its entirety is filled with one odd factoid after another. But we find it interesting because we've been waiting for a statement about how the center-left leaders that run most of the world's Western governments these days a ...
No Answer at Davos Forum to Global Meltdown
February 02, 2009
For regular readers of the Bell, such difficulty is hard to fathom. Here is what even such great minds as those that blessed Davos ought to consider: Cut taxes drastically; cut government spending drastically; reduce central banking activities as much as possib ...
U.S.-China Currency War Threatens the World
January 30, 2009
The salient point of this article is that "tempers flair," and that if the United States pushes China too hard, the Chinese leaders will dump Treasuries on the market and in doing so break the fiscal back of the free world. Of course maybe it isn't so simple as ...
Putin Calls for End of Dollar Stranglehold
January 29, 2009
What the heck are multiple reserve currencies? In fact, what's a reserve currency anyway? It's actually a post World War II development, courtesy of Bretton Woods that made the dollar the world's most accepted money. At the time, countries were still gasping al ...
U.S. Raises Stakes in Showdown With UBS Over Swiss Bank Secrecy
January 28, 2009
We can't shake the feeling that there is more at work here than irritation with the Swiss - or a need for additional US taxpayer funds, or even a determination to punish miscreants. We can't prove it, but it strikes us that the financial crisis is being used to ...
Alan Blinder: Six Errors on the Path to the Financial Crisis
January 27, 2009
One of the illuminating experiences of living through a fiat-money crash is to see how the system perpetuates itself, even though the system itself may be at least partially at fault. This article, excerpted above, is a beautiful example, our estimation, of pro ...
Gold Soars on Geithner's China Comments
January 26, 2009
One hardly knows where to begin. China is manipulating its currency? That's rich. What about the European Union and America? What is a central banking economy if not an ongoing manipulation? How are market forces at work - when central bankers themselves determ ...
Congratulations. Now Let's Talk About Those Tax Cuts Shall We?
January 23, 2009
While Obama's planned stimulus package does have a kind of tax-cutting component, it is not exceptionally strong or clear-cut. If passed, his tax cuts would likely be akin to standing in a category five hurricane with an umbrella and expecting it to help. And ...
Obama's Financial Plan: More 'Bread and Circuses'
January 22, 2009
Some have indicated a discomfort with a rush to judgment as regards America's brand new president – Barack Obama. In fact, we would have to plead guilty – not to a rush to judgment perhaps, but certainly to having a certain discomfort with the kind of cult ...
Britain to the Edge of Bankruptcy
January 21, 2009
Just so we don't depress our readers too much, let us state for the record that there are things to be done, only Gordon Brown and his brain trust aren't doing them. As they could be done in America, by the way, only Obama probably won't do them, either (sorry, ...
Obama Can Save Us
January 20, 2009
Obama's appeal is obviously based on his good looks, youth and energy. It is also based, at least partly, on his low-key personal style and, importantly, on a very calculated campaign that has tended to emphasize generalities. His clever approach has been to pr ...
Monetary Union Has Left Half of Europe Trapped in Depression
January 19, 2009
We've seen how the EU is evolving. Its socialist leaders seem to want a USSR-lite. They just sued Microsoft again and they haven't given up on the idea of a full-fledged constitution, a standing army, etc. Brussels, the supposed example for how Europe's tribes ...
California Facing Immediate Bankruptcy
January 16, 2009
It is especially interesting to see how quickly the state and its leaders are willing to jettison the burning issues that provided until recently a raison d'etre for its existence. "It doesn't make any sense to talk about education, infrastructure, water, healt ...
Is the Bond Bubble About to Burst?
January 15, 2009
Of course, to listen to the constant din of post mortems, nothing really went wrong recently but regulation. Had the American Democrat/Republicans not done as they did, then everything would have been OK. Thus, out of the woodwork have emerged all sorts of pres ...
Israel Ready to Strike Iran?
January 14, 2009
We're not sure what to make of this one. We thought the pump-priming for an Iranian war had slowed. No more build-up, no more almost daily reports about the insanity of the Iranian mullahs or the rapid expansion of their nuclear program. But now comes Newsmax w ...
Germany Approves Stimulus Plan
January 13, 2009
Now Germany, despite its leaders' protestations, has followed France, England and the United States off the cliff and into a dangerous sea of free-spending and monetary expansion that should likely retard recovery. As we pointed out yesterday, courtesy of free- ...
Noted Economist Criticizes Sensibility of Government Stimulus to Combat Recession
January 12, 2009
Reisman reminds us of something very important: Just as inflation in free market terms is an expansion in the money supply, so deflation is a decrease in the money supply - and both of these events are likely natural within a larger business cycle. But as Reism ...
Is KC Fed President Setting the Table for Volcker Round Two?
January 09, 2009
The sad thing, given what looms, is that the middle class is due for a severe case of whiplash – something else we have in fact mentioned in the past. The potential crack up – giving rise to the initial whiplash – began in 2008 with the deleveraging of Am ...
U.S. Debt Is Losing Its Appeal in China
January 08, 2009
We've read stories reporting the Chinese are going to dump close to US$1 trillion in American debt, and we never found that too convincing. Doesn't make much sense to dump everything you bought on the market all at once – unless you want to take a mighty big ...
Prominent Economist Warns of Massive Dollar Collapse
January 07, 2009
Being supporters of a free-market oriented publication with a strong belief in the saving graces of gold and silver, we keep waiting for ringing endorsements of precious metals in the mainstream media. This article would have provided a good opportunity - but i ...
It's a Bird, It's a Plane, No It's… Barack Obama?
January 06, 2009
Gradually, ineluctably, the finger-pointing is diminishing as the reality of what is going on in America and the rest of the Western world is sinking in. There is less talk about why this regulation or that regulation created the biggest modern crisis in Wester ...
Questions Begin as the Fed's Light Dims
January 05, 2009
We are supposed to mourn the plight that the central bank finds itself in? Don't think we do. The best thing that could probably happen would be if people in the great country of America decided that their central bank is just as bad as Thomas Jefferson and And ...
Commodity Boom Turns Bust in 2008
January 02, 2009
The bias in the mainstream reporting as regards gold and silver is obvious, to us, anyway. In fact, we have a suspicion (oft stated) that central banks and the principals of complaisant markets will do almost anything to keep a lid on precious metals. (Please n ...
A Review of 2008: A Legacy of Misinformation Continues
January 01, 2009
The largest economic debacles that face the world on a regular basis are usually the result of government policies, deliberate or otherwise. Even the long-ago Tulipomania of Amsterdam can apparently be seen within the context of certain adjustments that were im ...
Health Care Reform: What Can Americans Expect?
December 31, 2008
Tom Daschle is among the most partisan of notable American Democrats, and his appointment by Barack Obama as secretary of health and human services puts the nation on notice that health-care reform is an administration priority. Yet curing health-care problems ...
Madoff Probe Focuses on Tax Havens
December 30, 2008
Of course this seems a bit like barring the barn door a bit too late. How refreshing it would be to hear a regulator or Wall Street denizen admit that the entire financial-regulatory structure of 20th century securities enforcement is a bit flawed. Let's not ho ...
Scientific Illiteracy All the Rage Among the Glitterati
December 29, 2008
History shows us that so many of science's greatest breakthroughs were made by mavericks, outliers with little mainstream exposure. This is at it should be. Government likely can no more create scientific breakthroughs by throwing money at approved scientists a ...
Is London Bridge Really Falling Down?
December 26, 2008
Again, we have a technical analysis of a too-real difficulty – Britain's ongoing, slow-motion economic collapse. Britain was once the industrial engine of the world. The sun never set on her empire. But after two world wars and 50 years of intermittent but in ...
Financial Christmas Stocking: What Our Leaders Deserve
December 25, 2008
What do we hope for? How about a more enlightened leadership that understands the efficacy of free markets and the difficulties of fiat money. It is an ineluctable law in life that something cannot be derived from nothing; the ability to coin money from thin ai ...
Investor Seeks Relief From SEC Over Madoff Losses
December 24, 2008
The idea that lawsuits will fly over the Madoff fraud is hardly newsworthy of itself, but the idea that a regulatory body may be sued is news indeed. The Western regulatory structure usually puts regulators beyond the consequences of either actions or results. ...
Statism Undermines Economy
December 23, 2008
Does it begin to come clear? Despite the above positives, what we have here is unfortunately one more in a series of analyses by the Western mainstream press that spells out the dangers of increased state interference in markets - but makes such seem inevitable ...
Maybe It Can't: A Trap in Obama's Spending Plan?
December 22, 2008
One can get whiplash taking all of this in and when we are finished with the article we know little more than when we began – except that public/private partnerships are the cause of Western prosperity and that America should never have abandoned them. What t ...
Federal Efforts to Revive CP Market Will Fail
December 19, 2008
Sometimes it seems as if the Federal Reserve has set up a bailout fund for almost every kind of securitized instrument. The underlying conversation finally becomes whether any of these products had lasting value. The answer is that they should have had; but so ...
Quantitative Easing = Fed Shopping Spree
December 18, 2008
The Fed is going to buy up securities to push up prices – and this quantitative easing is intended to replicate the Japanese pseudo-success with that deleveraged economy in the 2000s. The idea, though, for which the Fed wants to gain credit is that while it t ...
Head of IMF Fears Unrest Without Action on Economy
December 17, 2008
One believes that the Western monetary leadership is focused on the economic crisis more clearly these days. But whether it makes any difference is not so clear. Ultimately, what has occurred is that the distortion of the economic system due to an ongoing overs ...
Is Something Big Brewing in Latin American?
December 16, 2008
Tensions are rising, not just in South America. The Western world is abuzz with dire predictions these days, much of which can be traced to the changing of the guard in the American White House. Many of the more paranoid perspectives – finding outlets then as ...
Under Pressure, Offshore Banks Move Onshore?
December 15, 2008
What is behind all the pressure on tax havens? The common analysis holds that Western governments are stressed, so they need the money, and tax havens have it. But surely this pressure has been going on for a while. In fact, it is our belief that the current ec ...
FBI Charges Former Nasdaq Chairman in Alleged $50 Billion Securities Fraud
December 12, 2008
This is a much bigger story than it seems – and it is one that will not ever be reported in all its breadth and depth because much of the ramifications will be hidden, the way the tremendous power of the New York money establishment is hidden. ...
World Bank's 'Wrong Advice' Left Silos Empty in Poor Countries
December 11, 2008
The World Bank, a profoundly anti-democratic and anti-market entity is turning away from market solutions to the intractable problems of hunger and poverty. This is damaging enough. But by avoiding a discussion of what central banks do to inflate the money supp ...
Barack Obama Unveils $1 Trillion Economic Stimulus Package
December 10, 2008
To use public works programs as a cover for the creation of political unpopular infrastructure and bureaucratic expansion will likely prove unpopular in certain areas and with certain interest groups that have already mustered considerable resistance. If it tur ...
Tribune Files for Chapter 11 Bankruptcy
December 09, 2008
What was Zell thinking a year ago? That the economy was going to bounce back from whatever it was starting to go through? Nonetheless, he went ahead and made a big acquisition that he can't handle now in the deteriorating business environment. And we're not any ...
The Destructive World of Toxic Derivates
December 08, 2008
It stands to reason. If indeed some derivatives deals are already headed south, then a US$500 trillion market is in jeopardy. Where one transaction can go, others can follow. The central banking mechanisms around the world that stand ready to support institutio ...
China's Officials Debate Renminbi Convertibility
December 05, 2008
There is an increasingly contagious supposition that the Chinese, sooner or later, are fixing to offer the world the next reserve currency – and it is obviously being fanned by the Chinese themselves. But not so fast. We believe that Chinese currency, like th ...
Showing 5051 - 5100 of 5190 – Newest on Top

loading