Money and Finance
- Michael Burry: Bernanke Can’t Use ‘poison As The Cure’
Found via GuruFocus.Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, said Federal Reserve Chairman Ben S. Bernanke is trying to use “poison as the cure” by pumping more cash into the economy to spur growth.Bernanke’s...
- John Mauldin's Outside The Box: Keynesian Confusion - By Michael E. Lewitt
Keynesian policies are inflicting untold damage on the U.S. and global economies today. Things did not have to be this way; Keynes did not have to be misread. His antidote for slow economic growth and high unemployment – massive doses of government...
- Beware Those Who Think The Worst Is Past - By Carmen Reinhart And Vincent Reinhart
The landscape of Jackson Hole, Wyoming, where central bankers gathered at their annual conference last week, is spectacular and forbidding. Jagged peaks and vast empty spaces stretch across the horizon. For the attendees, however, it was both a vista...
- Requiem For The Dollar – By James Grant
Ben S. Bernanke doesn't know how lucky he is. Tongue-lashings from Bernie Sanders, the populist senator from Vermont, are one thing. The hangman's noose is another. Section 19 of this country's founding monetary legislation, the Coinage Act...
- Annaly February Commentary
In this environment, we are reminded of a speech given by Ben Bernanke in November 2002 when he was still a Fed Governor. The speech, entitled “Deflation: Making Sure ‘It’ Doesn’t Happen Here,” laid out the rationale for lowering Fed Funds to...
Money and Finance
Fighting the Last War – By Frank K. Martin
Thanks to Jason for passing this along.
The Federal Reserve's efforts to encourage borrowing and spending are at odds with consumers' need to save.
FED CHAIRMAN BEN BERNANKE, not long ago a cloistered academic, has unwittingly found himself on the front lines as a five-star general in a war against deflation and depression. He has been valiant in effort, well-intended in strategy, but fighting the only war he knows—the one that ended more than 70 years ago.
Armed with the lessons of the 1991 Gulf War, many generals were blind to the different challenges in the second war against Iraq. General Bernanke, having carefully studied the lessons of the Great Depression, is likewise ill-prepared to fight the current war.
- Michael Burry: Bernanke Can’t Use ‘poison As The Cure’
Found via GuruFocus.Michael Burry, the former hedge-fund manager who predicted the housing market’s plunge, said Federal Reserve Chairman Ben S. Bernanke is trying to use “poison as the cure” by pumping more cash into the economy to spur growth.Bernanke’s...
- John Mauldin's Outside The Box: Keynesian Confusion - By Michael E. Lewitt
Keynesian policies are inflicting untold damage on the U.S. and global economies today. Things did not have to be this way; Keynes did not have to be misread. His antidote for slow economic growth and high unemployment – massive doses of government...
- Beware Those Who Think The Worst Is Past - By Carmen Reinhart And Vincent Reinhart
The landscape of Jackson Hole, Wyoming, where central bankers gathered at their annual conference last week, is spectacular and forbidding. Jagged peaks and vast empty spaces stretch across the horizon. For the attendees, however, it was both a vista...
- Requiem For The Dollar – By James Grant
Ben S. Bernanke doesn't know how lucky he is. Tongue-lashings from Bernie Sanders, the populist senator from Vermont, are one thing. The hangman's noose is another. Section 19 of this country's founding monetary legislation, the Coinage Act...
- Annaly February Commentary
In this environment, we are reminded of a speech given by Ben Bernanke in November 2002 when he was still a Fed Governor. The speech, entitled “Deflation: Making Sure ‘It’ Doesn’t Happen Here,” laid out the rationale for lowering Fed Funds to...