Ben Bernanke

Ben Bernanke

How To Stick It To Your Banker, The Fed, & The Whole Doggone Fiat Money System

Through his insane quantitative easing policies Bernanke inflated the Fed’s balance sheet from under $1 trillion to over $4.5 trillion. In Bernanke’s mind, this was his great courageous act. We’ve all been living with the results of his courage – low growth, low bond yields, high debt, inflated asset prices, stagnant wages, currency erosion, and more – for nearly a decade.  Quite frankly, it stinks. What can you do about it?

Canada, Let's Not Minsky Words

"Breeding animal spirits too long creates systemic problems...and for Canadian real estate, the truth is Minsky instability could’ve been argued years ago - But central banks have created unstable market monsters that they neither can afford to feed nor fight."

Chris Whalen: "The Dollar Super-Cycle Ends"

It seems that many market indicators such as the dollar and LIBOR suggest a market that is either schizophrenic or dysfunctional.  Our guess is the latter...

Economic Reality: Bottom 50% Of Americans No Longer Matter

Previously, the bottom third did not matter. Then the bottom 40% did not matter. Now the bottom 50% do not matter. Brexit was the first warning shot. Trump was the second. As soon as the bottom 65% don’t matter, those 65% may vote to take matters into their own hands.

Bernanke 'Terrifies' Stock Investors, Again

If you are a stock investor, you should be terrified. The most disconcerting words have been uttered by the one person capable of changing the whole dynamic. After spending so many years trying to recreate the magic of the “maestro”, Ben Bernanke in retirement is still at it.

Stockman: The Trump Reflation Fantasy Ends On Day 100

"In honor of the Donald’s “Mother of All Bomb” (MOAB) attack on the Hindu Kush mountains Thursday, let me introduce MOAD. I’m referring to the “Mother of All Debt” crises, of course... The opening round is coming when Washington goes into shutdown mode on April 28, which happens to be Day 100 of the Donald’s reign."

Is The Deep State Creating Another "Crash Of 1929"?

"In short, the Deep State and their cronies, who were instrumental in creating the economic, social, and political house of cards that now exists, have the perfect opportunity to bring on the collapse and blame the new president for it."

S&P Futures Slide Ahead Of Bank Earnings

S&P futures extended their Wednesday decline, dropping in the overnight session with banking shares in focus ahead of results from JPMorgan and Citigroup. European stocks likewise retreated along with the dollar, while Asian shares were mixed.

Is The Fed's Balance Sheet Headed For The Crapper?

It’s no secret the plumbers at the Fed are feverishly devising a way to unwind their $4.5 trillion balance sheet with officials claiming this will nary elicit an inkling of a disturbance in the markets they’ve coddled all these years. But one must wonder, at the timing, at the ostensive optics, if nothing else...Unless, that is, the motivations of shrinkage are less than magnanimous and dare one say, immoral.

Productivity Myths Shattered: Is Productivity Rising Or Falling? Why?

Those who are baffled by productivity never bothered to put their theories to rudimentary tests. Greenspan is correct that social benefits crowd out genuine investment; thus, those proposing some sort of guaranteed minimum living wage are totally off base. Entitlements are already a massive problem, let’s not make them worse.  Massive handouts have never solved any economic problems, and never will.