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April 2011

During the early stages of the housing bubble Morgan Stanley’s Stephen Roach was one of the few sane voices on Wall Street. His warnings about the global economy were clear and obviously true, and his willingness to bite the hand that fed him was admirable. The guy had guts. In early 2006 I had the […]

The Fed chairman’s first press conference generated neither heat nor light, but did include some typically, um, questionable statements. Here are a few, followed by responses in bold: “Keeping inflation low and boosting the economy are good for the dollar over the medium-term.” Well, duh. But talking about controlling inflation while interest rates are at […]

This chart appeared in a recent Business Insider article, and even without explanation it’s a powerful illustration of gold’s bull market. Remember those stomach churning “corrections” of years past? They’re insignificant squiggles when viewed this way. Something to keep in mind during the next 10% dip. But the dollar’s path (the green line) requires a […]

Inflation Watch: “They Are Capitulating…”

by John Rubino on April 22, 2011 · 10 comments

Lately just about the only things not soaring in price are US houses and electronics beginning with “i”. Raw materials, for instance, have had a good week based on the price action of this commodities ETF: Those higher raw material costs seem to be finally working their way through to restaurant results: Inflation on McDonald’s […]

Seeds of Their Own Destruction

by John Rubino on April 11, 2011 · 39 comments

All those new dollars being created by an apparently-still-panicked Fed are pushing up asset prices across the board (with housing the only exception) and pushing the dollar down to near-record lows versus other currencies. The charts look eerily like a replay of 2007, which, of course, is exactly what policymakers want. Rising asset prices, according […]

How Inflation Violates Retiree Civil Rights

by John Rubino on April 5, 2011 · 49 comments

While we’re on the subject of inflation’s immorality, consider the impact of the dollar’s destruction on retirees. Citizens who work hard, save, and eventually retire with money in the bank are the bedrock of a stable society. In a rational world they would be held up as examples for the rest of us to emulate, […]

Why Aren’t We More Worried About Europe?

by John Rubino on April 3, 2011 · 15 comments

Back in February 2010,  a clearly very sharp and articulate reader responded to a DollarCollapse.com article on Spain’s coming sovereign debt problems with the following: Dear John, I like very much your site … but about Greece, Spain and the Eurozone you obviously have a US bias. In my opinion, you are indeed missing four […]

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