The budget may be a doomsday machine, and the Federal Reserve a bubble machine, but David Stockman is a quote machine. When he gets rolling he is highly entertaining- while explaining why the current economy is headed for very choppy seas.
The money’s going to keep on flowing for a good while, at least that’s what the Street thinks.
That’s probably bullish for stocks, it has been. So party on, at least that’s what they say on CNBC.
China is overbuilt, over leveraged, and over managed.
Bernanke has begun discussing exit strategies. How will the Fed end the very accommodative policies which have been in place since the Crash of 2008?
The LIBOR rigging scandal is very deep, and it affected millions and millions of people. This was not just a few traders getting together and manipulating the second most important interest rate benchmark in the world. It wasn’t even just a few banks. It was pervasive, and it appears even condoned by regulators.
This country has become more and more and more regulated with each passing year. Nearly every part of our lives, and essentially, every single bit of our business lives, is touched (molested?) by government.
The Fed is a mystical entity for most Americans, a place where economic shamans conjure up money and master the universe that spins around us.
John Taylor is an almost universally respected Stanford economist who represents a one man “shadow Federal Reserve.”
“The problem is the fiat world should end as well then.” – Rick Santelli
Bitcoin is a fully digital, peer to peer currency, which is growing quickly.