Quantitative Easing

Jim Grant Explains The Gold Standard

Nixon’s move was, in short, the final and total politicization on money itself, and, as Grant notes, "The Ph.D. standard is ... a political institution. It is the financial counterpart to the philosophy of statism."

Why The Fed Will Fail Once Again

"The Fed’s bungling should come as no surprise... The Federal Reserve has done almost nothing right for at least the past twenty years, if not longer."

James Rickards: The Fed Is Going To Cause Recession

"[The Fed is hiking rates] to prepare for the next recession... they know a recession will come sooner rather than later... My estimate is that they’re not going to get there. The recession will come first. In fact, they will probably cause the recession that they’re preparing to cure."

BIS Lists The Four Biggest Threats Facing The Global Economy

i) inflation could choke the expansion by forcing central banks to tighten policy; ii) serious financial stress could materialise as financial cycles mature; iii) consumption might weaken under the weight of debt, and investment might fail to take over as the main growth engine; iv) a rise in protectionism could challenge the open global economic order.

The Reverse Tepper Moment Looms

Seven years ago when Tepper made his bold call, the Fed was trying their best to get stocks higher. At that point, no one believed, and it took guts to ride along in the Fed’s wagon. Today, the Fed is trying to keep financial conditions from becoming too easy, and once again no one believes.

Risk... Is How Much You Lose When You're Wrong

"Historically speaking, such levels of exuberance have tended to have poor outcomes for investors who did not realize the level of 'speculative risk' that had built up in portfolios over time... This 'time' will not turn out any differently – it is just the 'timing' and the 'catalyst' that will be..."