Monthly Archives: February 2015

“Monetary Policy Is Bankrupt” – Dr. Lacy Hunt

Dr. Lacy Hunt is a rare economist who actually has an outstanding track record. In this interview he explains in simple terms why monetary policy has failed and the necessary fiscal policies are not currently a realistic possibility.  

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Dollar Strength. CPI Deflation. Earnings Downgrades.

The Federal Reserve’s continuing preoccupation with raising rates makes the dollar look very attractive worldwide and has created a strong tailwind that started in the second half of 2014. However, it has created two very important feedback consequences.   The … Continue reading

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Extend And Pretend Debt Catastrophe

“In a time of universal deceit – telling the truth is a revolutionary act.” – George Orwell For the last 18 months world GDP has been falling like a stone.   However, massive central bank buying has inflated stock prices around the world. The duration and scale … Continue reading

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Fed or Fiction? Charts Are Clear

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Even though the Federal Reserve continues to talk about raising interest rates sometime this summer, it is clear that the economic data continues to show remarkable weakness. The chart below shows that in terms of overall macro data, this has … Continue reading

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Beware Media Hype Days

  It is now just as important to understand the source of financial and economic information as the information itself. Otherwise, if you are an analyst who examines the data you could go mad. This is because when you scratch the … Continue reading

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Nomi Prins: Sinister Evolution Of Our Modern Banking System

A brilliant summary explaining the evolution of the banking system. Starting from the early 20th century it has evolved into the current predicament through a series of important phases. I doubt there is a better discussion that provides so much … Continue reading

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