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Velocity of Money and the Crack-Up Boom

by John Rubino on May 18, 2013 · 3 comments

Based on both recent history and mainstream economic theory the past few years should not have been possible. When you cut interest rates to near-zero, run deficits of 10% of GDP and buy up every government bond in sight with newly created currency, you get a boom, end of story. That’s just the way capitalism [...]

Golden Bullseye

One of the lessons that gold bugs are learning, in the most painful way possible, is that you can’t trade a manipulated market. When big players with regulatory immunity can move an asset’s price — and can see resistance/support levels and moving averages just as clearly as anyone else — smaller traders don’t stand a [...]

32 comments

Preparing For Deflation

Signs of a slowdown are spreading. Here in the US, despite all the happy talk about rising stock prices and falling deficits and the imminent unwinding of the Fed’s debt-monetization program, today’s numbers were ominous: Producer prices post big drop, factory activity weak (Reuters) – U.S. producer prices recorded their largest drop in three years [...]

10 comments

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