Money Supply

Ron Paul Tells Trump: "To Really 'Make America Great Again', End The Fed!"

Former Dallas Federal Reserve Bank President Richard Fisher recently gave a speech identifying the Federal Reserve’s easy money/low interest rate policies as a source of the public anger that propelled Donald Trump into the White House. Mr. Fisher is certainly correct that the Fed’s policies have “skewered” the middle class. However, the problem is not specific Fed policies, but the very system of fiat currency managed by a secretive central bank.

Key Events In The "OPEC Is Optimistic About A Deal" Week

The key economic releases this week are consumer confidence on Tuesday, ISM manufacturing on Thursday, and the employment report on Friday. There are a few scheduled speaking engagements from Fed officials this week. The Beige Book for the December FOMC period will be released on Wednesday.

Global Stocks Slide On Italian Bank Worries; Dollar Dips As Trumpflation Takes A Back Seat

European shares dipped and U.S. equity-index futures (-0.3%) pointed to a lower open as traders questioned the stability of the Italian banking sector ahead of next weekend's referendum as well as the longevity of the Trumpflation rally, pressuring the dollar.  "It's a bit of a pull back in the dollar," said Societe Generale strategist Alvin Tan. "The fall in oil is pushing back U.S. bond yields and that is leading the consolidation in the dollar.. there is more scepticism about an (OPEC) output cut now."

How Much Government Debt Rests Upon Your Shoulders?

While giant numbers like $20 trillion sound abstract and meaningless, converting them to debt-per-capita can make things more intuitive. While many are rightly concerned about what Trump policies mean for government debt, it is the Belgians, Singaporeans, Irish, and Japanese that should really be worrying...

Will The Swamp Swallow Trump?

"Yes, the parallels [with Reagan] are certainly there... I’ve been in touch with the Trump team. I’ve even written a book about Trump.... But those guys are going to be surprised. They just have no idea what they’re up against....I’ve seen it happen. There are alligators in that swamp."

Haven't We Done This Before?

The fact that stocks are at record highs as the “dollar” disrupts still another time is as regular as the seasons. Stocks are fueled by hope which takes time for the “dollar” to disprove through first its own systems and then full economy; as it has time and again.

Welcome To The "Melt-Up"

As Wile E. Coyote always discovers as he careens off the edge of the cliff, “gravity is a bitch.”