While the pundits hash over the putative causes of rising gasoline prices—Mideast tension, refinery shutdowns, speculation—the harsh reality is that pump prices are going to continue climbing because they still have a long way to go. In reality, what Am ...
Tag: central bank
Feature - February 29th, 2012
All terms: Ben Bernanke, central bank, Current Analysis, Dollar, economic cycles, global economy, Inflation, Money, Oil Price, Stagflation, U.S. economy
Blog Post - February 17th, 2012
Investor appetite for gold is heating up, in part because of signals from hedge fund guru John Paulson, the guy who saw the real estate meltdown coming in 2007 and became a billionaire as a result.
The Paulson & Co. founder “told investors it’s ...
All terms: buy gold, central bank, Central Banks, Currency, Debt, Free Market, Gold, Hedge Funds
Blog Post - December 28th, 2011
As the U.S. debt quickly approaches its statutory limit, the Obama administration is preparing to quietly ask Congress to raise the limit—the latest request authorized by the highly contended debt ceiling agreement, which was reached at the end of Augus ...
All terms: bank runs, central bank, Debt, Government, Monetary Policy, National Debt
Blog Post - October 20th, 2011
An NPR Planet Money report today uncovered a government report through the Freedom of Information Act that detailed the repercussions of a special what-if scenario: W hat if the U.S. government paid off its entire debt?
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All terms: Bonds, capital gains, central bank, Currency, Debt, Debt, Dollar, Federal Reserve, Monetary Policy
Blog Post - March 28th, 2011
Knowledge is sort of a fragile thing. We know what we know, but things can quickly change. F.A. Hayek, during his life, was an one of the few economists who explored the limits of knowledge and uncertainty, and questioned the limits of knowledge itself. ...
Blog Post - October 13th, 2010
The U.S. dollar has extraordinary power over the global economy because the dollar has the "privilege" of being the world’s reserve currency.
As the above chart shows, the value of the dollar as compared to commonly traded foreign currencies, ...
Feature - August 10th, 2010
How close is the United States to sliding into an ugly Japanese-style “Lost Decade,” years of painful deflation, depression, and dwindling prosperity?
Despite many parallels between how the two nations’ financial establishments have handled their re ...