"The Fed always have the fail-safe that they are data dependent. They always say they are going to act based on the data. They have actually never committed to doing anything. What is amazing is that the Fed has any credibility at all. Because I don't know why people haven't figured out this [...]
"The six months under review have seen central bankers continuing what is surely the greatest experiment in monetary policy in the history of the world. We are therefore in uncharted waters and it is impossible to predict the unintended consequences of very low interest rates, with some 30 percent of global government debt at negative [...]
"According to an analysis by Goldman's Charles Himmelberg, if rates rise by the Jamie Dimon-referenced 1 percentage point, the market value loss would be between $1 and $2.4 trillion! Putting this loss in context, even the smaller $1trn loss would be over 50% larger than the market value lost in the 1994 bond market selloff [...]
Readers of this site should already have a good sense of how economic policies affect oil prices. For the past year, this site has provided sources of information that predicted the teetering stock market and unstable oil prices. For those that have frequent the first iteration of our Facebook page, for the past [...]
"“As you move out on that spread, what you do is you create a definite bias towards producing and purchasing only those capital assets with short life expectancies. So what we’re seeing now is software is doing well; non-residential building isn’t doing well at all.” What’s valued is a quick turnaround. There’s no faith in [...]
"Even though the Dow is at new highs today, it’s at a two- to three-year low if you price it to real money, which is gold. Stocks are not going up, the value of money is going down and gold proves that. What hurt gold up until this year was the widespread [...]
"The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse." Source: bloomberg.com
"They said they couldn’t raise interest rates without crushing the markets. They raised interest rates. The markets got crushed. The only reason the markets rallied back was because they stopped raising interest rates, which is exactly what I said." Source: schiffgold.com
"A former Federal Reserve president admitted the central bank created a phony wealth effect by pumping up stocks and other asset markets through its monetary policy. Several months later, analysis proved this was true, showing that 93% of the entire stock market move since 2008 was caused by Federal Reserve policy." Source: schiffgold.com
"Even though the Dow is at new highs today, it’s at a two- to three-year low if you price it to real money, which is gold. Stocks are not going up, the value of money is going down and gold proves that. What hurt gold up until this year was the widespread [...]