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Fed To Markets: Buy Gold And Silver

by John Rubino on January 25, 2012

The Fed just spoke. Here’s a slightly edited transcript: Blah blah blah … the economy has been expanding moderately … blah blah blah boilerplate inanity blatant lie … the Committee seeks to foster maximum employment and price stability …. To support a stronger economic recovery and to help ensure that inflation, over time, is at [...]

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Make-Or-Break Week For Europe

by John Rubino on November 27, 2011

The people buying bonds issued by Italy and Spain are clearly looking past the dysfunctional balance sheets and focusing on Germany’s reluctance to let a major PIIGS country default. So an Italian bond, in the mind of the market, becomes a German bond. But this sword cuts both ways. If European debts are tossed into [...]

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Inflection Points And Ruined Vacations

by John Rubino on July 24, 2011

With the exception of a couple of memorable days in 1987, July is generally not a cruel month. Just the opposite; it’s when finance and government people take off, safe in the knowledge that nothing much will happen while they’re away from their desks. This July, though, has ruined a lot of vacations by hosting [...]

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Maybe Elections Do Matter

by John Rubino on November 17, 2010

It’s been easy to tune out the chatter of the past couple of elections because the outcome seemed irrelevant. Whoever wins, their hands are tied by unmanageable debt and the limited spectrum of politically-feasible policy options. In fact, since whichever party is in office when the world falls apart will get the blame, it’s tempting [...]

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"Mr. Bernanke has acknowledged the allure of a higher inflation goal"

by John Rubino on February 22, 2010

Major policy changes usually start out as trial balloons, ideas placed with sympathetic media outlets that float around and draw reactions from the affected parties. This gives policymakers a risk-free look at what would happen if they claim credit for a given idea. So the article that appears in today’s Wall Street Journal under the [...]

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If Only

by John Rubino on January 20, 2010

A Wall Street Journal columnist named Thomas Frank just made a great suggestion: One Cross of Gold, Coming Up How the government could get even with right-wing cranks. These are polarized times, but one thing everyone agrees on is that it sure is great when government makes a profit. Supporters of President Obama like to [...]

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Irony: Andrew Jackson On a Federal Reserve Note

by John Rubino on January 9, 2010

Karl Golovin, a retired customs agent and security director for Ron Paul’s presidential campaign, just forwarded a transcript of Andrew Jackson’s farewell address. It’s pretty amazing. Here’s Karl’s intro, followed by an excerpt: “During his presidency, Andrew Jackson viewed as his crowning achievement that he “Killed the Bank,” the 2nd Bank of the U.S. Our [...]

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