As former Federal Trade Commission (FTC) chairman Timothy J. Muris has recently noted, “President Biden rejects the economics-driven antitrust policies of the past 40 years.” In contrast, President Joe Biden “promised to return to earlier antitrust traditions.” Unfortunately, “those traditions were abandoned for good reason: they harmed consumers.” An important illustration Muris uses is the 1936 Robinson-Patman Act (RPA), which used to be a lynchpin of antitrust...
Read More »Money versus Monetary Policy
With all due respect to Niall Ferguson, whom I’ve heard of, and Huw van Steenis, whom I’ve not, this tweet is quite preposterous. I’ve personally met more than five people who understand money just in my own circles. What they mean is “monetary policy,” which is in fact very difficult to understand—given it effectively operates as a political program within the muddled field of macroeconomics. Monetary policy, unlike money per se, is ad hoc, highly technical,...
Read More »Keith Weiner: The Fed is Creating a Perfect Setup for New Gold Investors
Tom welcomes back, Keith Weiner, to the show. Keith is the President & Founder of Gold Standard Institute USA and CEO of Monetary Metals. *Palisade Radio Links:* ► Website & Newsletter: https://palisadesradio.ca ► Rumble: https://rumble.com/c/c-1586024 ► Odysee: https://odysee.com/@PalisadesGoldRadio:c Keith explains the two main forces that led to the price of gold remaining flat in 2022: the Fed’s decision to raise rates and the wild card of Ukraine. He explains that wage...
Read More »Markets Catch Collective Breath
Overview: On the heels of a dramatic jump in US job creation and firmer than expected year-over-year CPI, the US reported a larger than expected jump in retail sales and a strong recovery in manufacturing output. Few think that economic momentum that the recent data implies can be repeated, the "no landing" camp has gained adherents. We suspect that says more about psychology than the economy. The US two-year note is threatening to snap a five-day 20 bp advance...
Read More »2023-02-16 – Markus K. Brunnermeier to hold the 2023 Karl Brunner Distinguished Lecture
The Swiss National Bank has named Markus K. Brunnermeier as the next speaker for its Karl Brunner Distinguished Lecture Series. Markus K. Brunnermeier is Professor of Economics at Princeton University and also Director of the Bendheim Center for Finance. His research focuses on the interaction between financial markets and the macroeconomy. His work on price bubbles in stock and real estate markets, systemic risks, liquidity crises and digital currencies is of great...
Read More »Glencore sees earnings reach new highs in 2022
Coal piled up at a thermal power plant in Berlin. Glencore says it benefited from large coal price moves last year. Keystone / Clemens Bilan Profits at Swiss mining and trading group Glencore last year were boosted by the explosion in commodity prices. Thanks to a more than threefold increase in net profit, the Zug-based giant wants to double its shareholders’ remuneration, in particular through a share buyback. “The unprecedented developments in global energy...
Read More »Capitalism Has Improved Life in India, but the Spirit of Collectivism Still Dominates
India is currently the seventh-largest country in the world with the largest youth population. There are many elements that make this country unique, the foremost being diversity—diversity of culture, race, ethnicity, and linguistics. India faced an era of colonialism under the British, who would take raw material from India at cheaper rates and import the finished products. India and Nigeria are both countries that gained independence from Britain in the same...
Read More »Food and Shelter Prices Keep Climbing as CPI Growth Hits a Three-Month High
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data today, and according to the report, price inflation during the month decelerated slightly, coming in at the lowest year-over-year increase in sixteen months. According to the BLS, Consumer Price Index (CPI) inflation rose 6.4 percent year over year in January before seasonal adjustment. That’s down very slightly from December’s year-over-year increase of 6.5 percent, and...
Read More »FACE Interview Feb 15th 2023. Marc believes EURUSD can see $1.0450
Marc Chandler is being interviewed by Dale Pinkert during the F.A.C.E. webinar. Marc believes EURUSD can see $1.0450. He's characterizing this Dollar Bounce as a Bear Market Rally. Subscribe to attend for FREE using the following link: http://bit.ly/2WhbchO
Read More »Be Ready: Markets To Takeover GOLD Pricing SOON! – Keith Weiner | Gold Price Prediction
Be Ready: Markets To Takeover GOLD Pricing SOON! - Keith Weiner | Gold Price Prediction #gold #silver #fed #financedaily -------------- ⬇ Inspired By: ⬇ Financial Crisis Is Already Here, Don’t Let the Market Exuberance Fool You Warns Lynette Zang https://youtu.be/5-tnozmGa54 Fed’s Credibility is Destroyed, Why Cash, Gold and Silver Will Be Best Lifeline | Outlook 2022 https://youtu.be/WMZDdT0Z9pY Silver spikes through $27 level in early trading, up $.83...
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