Paul Volcker

Stockman On Peak Bull: Fake Economy And Fake News

"The American economy has been mangled by decades of assault on capitalist prosperity... Our overall economy has now reached a point of peak debt. The peak bull has now arrived and it is utterly unsafe to be in the casino."

What Trump Told Yellen In The Oval Office (Next To Gary Cohn)

Weeks after his inauguration, President Trump held court with Fed Chairwoman Janet Yellen in the Oval Office. Seated behind the office’s Resolute desk, he told her she was doing a good job, the WSJ reports, and adds that  "the president told Ms. Yellen he considered her, like himself, a “low-interest-rate” person."

George Orwell's Monetary Policy

"Tightening is easing..." Monetary policy is a black box and former Fed chair, Alan Greenspan, acknowledged this more than 20 years ago...

The True Legacy Of David Rockefeller

While often remembered for his philanthropy, the last surviving grandson of America’s first billionaire died today, leaving behind a dark legacy indicative of how American nobility often shape policy from behind the scenes.

Are Rate Hikes Bad For Gold?

Gold does not necessarily rise and fall with interest rates, jewelry demand in India, or any other widely believed nonsense. Rather, gold has moved in conjunction with perceptions as to whether or not the Fed and central banks have everything under control.

After Obama, A New Dawn Or More Of The Same?

Donald Trump will face his moment, like it or not. Barack Obama faced it and decided to kick the can down the road and opt for yet more “stimulus.” How Trump deals with it will determine whether or not the US economy recovers from bad policies, or goes the way of Japan and Europe.