Tag Archives: newsletter

  Deluded Central Planners BoJ governor Haruhiko Kuroda Photo credit: Toru Hanai / Reuters Zerohedge recently reported on an interview given by Lithuanian ECB council member Vitas Vasiliauskas, which demonstrates how utterly deluded the central planners in the so-called “capitalist” economies of the West have become. His statements are nothing short of bizarre (“we are magic guys!”) – although he is of course correct when he states that a central bank can never “run out of ammunition”....

  Hazards and Benefits Hazard of the dispassionate observer: the rictus of disbelief will get etched in one’s face. Rubbernecking at the economic train wreck of central planners is not without hazard.  A strained collar and dry eyes, for instance, are common perils.  So, too, is the lasting grimace of disbelief that comes with the roll-out of each zany scheme to save us from ourselves. Etched forehead lines and nighttime bruxism are several of the secondary effects.  Not owning shares...

Trump Is Right PARIS – On Wednesday, brick-and-mortar retailers – such as Macy’s – led U.S. stocks lower. The Dow lost about as much as it had gained the day before. Nothing much to talk about there… Macy’s Inc. NYSE + BATS Macy’s on the way to Zool. Macy’s Inc. NYSE + BATS – click to enlarge. When we left off yesterday, we posed two questions: Shouldn’t your editor (under torture, of course) confess his sins, renounce his apostasy, and register to vote before it is too late? And…...

The Euthanasia of Widows and Orphans Sound money also looks better than the government’s scrip! In my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension checks are being told that their monthly check will be reduced by up to 60%. This is devastating to them, obviously. What isn’t obvious is the cause. In the news coverage of this, the angry pensioners are blaming the union, the fund manager, and Wall...

The Great Financial Crisis has exposed a deep chasm in economics and economic policy.  No single institution is this crystallized more than at the Bank of Japan. The former Governor, Shirakawa brought policy rates to nearly zero to combat deflation. His successor, Kuroda, took the central bank in the completely other direction. He has introduced three elements of unconventional policy in an institution that was wedded to orthodoxy. These include an aggressive expansion of the central...

12.05.2016 09:15  – FSO, Demography and Migration (0353-1605-00) Population projections for the cantons in Switzerland 2015-2045 Large increase expected in number of retired people Neuchâtel, 12.05.2016 (FSO) – Almost all cantons will record positive population growth over the next thirty years. This growth will be accompanied by a marked increase in the number of people of retirement age in all the cantons according to the new population trend scenarios for Switzerland’s cantons...

In my testimony in support of the gold legal tender bill this year, I discussed failing pension funds. Retirees who count on their pension checks are being told that their monthly check will be reduced by up to 60%. This is devastating to them, obviously. What isn’t obvious is the cause. In the news coverage of this, the angry pensioners are blaming the union, the fund manager, and Wall Street in general. None of them point the finger where it needs to be pointed. The Fed has centrally...

Heresy! Legendary former hedge fund manager Stanley Druckenmiller at the Ira Sohn conference – not an optimist at present, to put it mildly. Photo credit: David A. Grogan / CNBC NORMANDY, France – The Dow rose 222 points on Tuesday – or just over 1%. But we agree with hedge-fund manager Stanley Druckenmiller: This is not a good time to be a U.S. stock market bull. Speaking at an investment conference in New York last week, George Soros’ former partner warned that… “…higher...

Another month, another OPEC meeting beckons for 2nd June. But unlike typical meetings on the Danube (let alone dust filled haze of Doha), the producer group might just have a new King in town. It comes in the form of Russia; the number one global producer that’s not even technically a member of the cartel. Confused? Don’t be. The argument is quite simple. Irianian and Russian Crude/Condensate Production Iranian and Russian Crude/Condensate Production – click to enlarge. Unlike...

12.05.2016 09:15  – FSO, Demography and Migration (0353-1605-00) Population projections for the cantons in Switzerland 2015-2045 Large increase expected in number of retired people Neuchâtel, 12.05.2016 (FSO) – Almost all cantons will record positive population growth over the next thirty years. This growth will be accompanied by a marked increase in the number of people of retirement age in all the cantons according to the new population trend scenarios for Switzerland’s cantons...