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  • Two central bankers try to spin lower oil prices as being good for economy
    Two central bankers try to spin lower oil prices as being good for economy
    After a quarter long debate on whether the global economy has reached the point of deflationary recession, two central bankers, one on Dec. 1, and the other on Dec. 2, thought it very important to reach out to the public and try to spin the idea...
  • Fed Chairman Yellen goes to Europe and tells ECB to crank up money printing
    Fed Chairman Yellen goes to Europe and tells ECB to crank up money printing
    On Nov. 7, Federal Reserve Chairman Janet Yellen spoke in Paris at the Bank of France and provided strong hints and suggestions to the European Central Bank (ECB) that the best way to deal with their ongoing issues of deflation and recession were...
  • Blimp as a metaphor for credit in economy
    Inflation vs. Deflation
    Inflation and deflation are two of the most misunderstood economic conditions. The recognition of each is typically gauged with prices. Higher prices mean inflation. Lower prices mean what exactly? We never see lower prices do we? My economic laws...
  • Excess reserves at the Fed
    Too much money
    Ever notice how empty space tends to get filled? If there is a storage container or shelf somewhere in your house, something tends to find its way there over time. In abundant societies, it seems people just accumulate stuff. I remember a National...
  • Credit cones
    The inflation vs. deflation debate (Video)
    Inflation is something we all know. We experience inflation as a rise in prices though that is not the definition of inflation. Deflation is not something we hear often in the press or from the wizards in government or the Fed. The "D"...
  • Currency wars - part 2
    Currency wars - part two
    Orlando - Given that the USA has been losing the "trade deficit war" with China from a diplomatic angle, the United States, empowered by its world reserve status, pulled out its secret weapon, theQuantitative Easing (QE), to start a new...
  • Coming Economic Collapse
    Slow motion train wreck: The impending economic collapse
    Corporate earnings have been strong over Q4 2011 & Q1, 2012 but that trend may be changing. Earning announcements for Q2 are coming in and showing a definite weakening in corporate earnings. What does this mean to you?Corporate earnings are...
  • Economic law
    Greek crisis showing deflationary signs
    The Greek crisis is beginning to show deflationary signs. How you might ask? In Escaping Oz, I spent an entire chapter illustrating what happens in a deflationary environment.If people don't have money or credit to conduct economic...
  • Gold and silver fall as liquidity crisis forces world to scramble for dollars
    Gold and silver fall as liquidity crisis forces world to scramble for dollars
    Gold and silver prices fell again for the fourth day out of five on world markets as the growing liquidty crisis in the Euro Zone and in Asia force economies to scramble for dollars. On December 14th, gold has fallen more than $20.00 an ounce, and...
  • QE3 likely in the future after FOMC minutes show support from Fed officials
    QE3 likely in the future after FOMC minutes show support from Fed officials
    The Federal Reserve issued its minutes from the September FOMC meeting on October 12th, and support for a QE3 program in the near future gained great progress as many Fed officials wanted the option kept open for implementation.With the current...
  • Deflation fears in commodities lend credence to QE3 coming by the Fed
    Deflation fears in commodities lend credence to QE3 coming by the Fed
    With the massive drops recently in gold, silver, hogs, and even corn since Sunday night, the rising fear of deflation in many commodities is lending more credence to a QE3 type program being instituted by the Fed after QE2 finishes in June.The...
  • Austerity protests
    Austerity is Webster's Word of the Year
    Austerity is a 14th century noun meaning “the quality or state of being austere” and “enforced or extreme economy”. Austere societies are beginning to rebel against their leadership - witness the events in Egypt. The online...
  • Market wrap-up for Thursday, January 6th, 2011
    Market wrap-up for Thursday, January 6th, 2011
    The holidays are officially over as news that unemployment and retail sales are slowing moving back to their recessionary levels. New jobless benefit claims rose last week and a report on sales over the Christmas holiday showed that although...
  • Winners and losers
    Living in times of economic destruction - and tremendous opportunity (part 1)
    Are you feeling a little deflated? Ok, since Thanksgiving was just a few days ago, maybe not. In fact, maybe you’re feeling so just the opposite that you have to look the other way when you walk past a full length mirror. But, we’re...
  • Market wrap-up for Wednesday, November 3rd, 2010
    Market wrap-up for Wednesday, November 3rd, 2010
    All hail the Federal Reserve... and their inability once again do the right thing.Today was to be a turning point for the Federal Reserve, the economy, and the country. Two years after attempting to save the banks and stimulate the economy with ...