Tag Archives: inflation

The Daily Show on Ben Bernanke

Federal Reserve Chairman Ben Bernanke on CBS’s “60 Minutes” last year: PELLEY You’ve been printing money? BERNANKE Well, effectively. And we need to do that, because our economy is very weak and inflation is very low. when the economy begins … Continue reading

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Gold would need to go to $3500 to match the 1980 high

Gold is on a 10 year winning streak. It was $300 per ounce in 2000 and is $1,335 today. The question everyone is asking is how high will gold go? No one knows for sure, but one reference point is … Continue reading

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Zimbabwe’s 2008 Inflation was 6 Quinquatrigintillion 500 Quattuortrigintillion %, or 1 Googol 65 million %

When you have to use googol to measure inflation, that’s bad, right? Hyperinflation in Zimbabwe began in the early 2000s, shortly after Zimbabwe‘s confiscation of white-owned farmland and its repudiation of debts to the International Monetary Fund, and persisted through … Continue reading

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“Your entire retirement is invested in precious metals?”

Last week I wrote about my gold and silver investments in my 401K. After I posted a link on Facebook a friend from high school wrote: “At the risk of sounding alarmist… Your entire retirement is invested in precious metals?” … Continue reading

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Silver, Y’all

Thursday morning my 401k was roughly 70% gold and 30% silver. By market close I sold some gold and bought some silver so that I’m now roughly 50/50. I think both metals are going to increase due to additional Federal … Continue reading

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Greek Comedy and Tragedy

Vanity Fair – Beware of Greeks Bearing Bonds: By the final day of discovery, after the last little hand had gone up in the back of the room, a projected deficit of roughly 7 billion euros was actually more than … Continue reading

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Ambrose Evans-Pritchard: I was wrong to defend the U.S. stimulus and the Federal Reserve

The Telegraph – Shut Down the Fed (Part II): I apologise to readers around the world for having defended the emergency stimulus policies of the US Federal Reserve, and for arguing like an imbecile naif that the Fed would not … Continue reading

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More Evidence That Consumer Debt Reduction was from Writeoffs, not Repayment

New York Times – Bank Losses Lead to Drop in Credit Card Debt: A study released last week by Evolution Finance’s CardHub.com, calculated that financial institutions charged off about $20 billion each quarter from early 2009 through early 2010, about … Continue reading

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Inflation or deflation? Niall Ferguson says “Inflation”

Vanity Fair – Niall Ferguson: America Needs to Cancel Its Debt: Excessive debt burdens in the past tended to be public sector debts. What we’ve got now is an exceptional level of private debt. There’s never been an economy in … Continue reading

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Albert Edwards’ uncheerful thoughts on the world economy

Zero Hedge – Albert Edwards: At 500% Net Liabilities To GDP, It Is Too Late To Prevent The Collapse Of The G-7; Greece Is Irrelevant, We Are All Now Insolvent: For Greece, with on and off balance sheet liabilities at … Continue reading

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Inflation or deflation? Phil. Federal Reserve Bank President says “Inflation”

Monetary Policy and the Wisdom of Wayne Gretzky: Ultimately, inflation is a monetary phenomenon and there is no question that current monetary policy is extraordinarily accommodative. The Federal Open Market Committee has maintained the federal funds rate near zero for … Continue reading

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Inflation or deflation? Chris Martenson: “Should be massive, self-reinforcing deflation, but it isn’t”

Chris Martenson – Pumps on “Full”: One of the themes that I have been strongly promoting in my enrolled member area is the idea that most of what we are seeing in the financial world these days is more of … Continue reading

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How will you know gold is peaking?

MoneyWeek – Three ways to tell when gold’s bull market is over. Hint: we’re not even close yet. But one day it will be time to sell. That article has some insights on possible sell signals. Incidentally, seeing people on … Continue reading

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Inflation or deflation? Jesse’s Cafe Americain says “selective inflation”

Jesse’s Café Américain: What is a “Nominal” Stock Market Chart Versus a “Deflated” View?: “Oh this is all very well and good Jesse, but when I go to the grocery store or to the gas station or the convenience store … Continue reading

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Inflation or deflation? Noriel Roubini says “deflation now, but maybe big inflation in a few years”

Index Universe – Nouriel Roubini: Big Crash Coming: IU.com: When you say “stay away from risky assets,” many people hear that and think, “Aha, gold!” Roubini: I don’t believe in gold. Gold can go up for only two reasons. [One … Continue reading

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Inflation or deflation? Terry Coxon says "Inflation, but later"

Zero Hedge – Guest Post: When Will Inflation Really Hit Us?: Previously – Inflation or deflation? The man with the dollar printing press says “inflation”

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Inflation or deflation? The man with the dollar printing press says “inflation”

People are debating whether the United States is going to experience inflation or deflation. Ben Bernanke, the chairman of the U.S. Federal Reserve bank, has always intended to fight any hint of deflation with a massive dollar printing campaign. It’s … Continue reading

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Inflation or deflation? How about hyperinflation

W.C. Varones quoting John Mauldin: “There have been 28 episodes of hyperinflation of national economies in the 20th century, with 20 occurring after 1980. Peter Bernholz (Professor Emeritus of Economics in the Center for Economics and Business (WWZ) at the … Continue reading

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Inflation or deflation? Shadowstats says “inflation”

In comments to Inflation or deflation? No deflation since U.S. left gold standard in 1971 someone comments that we’re seeing deflation this year, leading to things like the lowering of the minimum wage in Colorado. Except that we’re not seeing … Continue reading

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Inflation or deflation? No deflation since U.S. left gold standard in 1971

Areas of the chart in purple are inflation. Areas in red are deflation. In 1971 Richard Nixon closed the gold window. U.S. dollars could no longer be converted to gold. There was no longer a relationship between dollars and gold. … Continue reading

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