Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing,…
Category: Finance
Let the Markets Clear!
French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted…
Ron Paul – Gold is Good Money
Last year the Chairman of the Federal Reserve told me that gold is not money, a position which central banks, governments, and mainstream economists have claimed is the consensus for decades. But…
Five Reasons Why The Government Is Destroying The Dollar
By Daniel R. Amerman, CFA Overview The United States government has five interrelated motivations for destroying the value of the dollar: 1. Creating money out of thin air on a massive basis…
European Debt Crisis: “Imagine the Worst and Double It”
Just how will the sovereign debt crisis end? By Elliott Wave International We’ve all heard the line: Let me give it to you straight. And in speaking to his counterparts in Spain,…
Trickle Up Economics
The political left wing has long tried to cast doubt on the fairness, and even the efficacy, of free market capitalism by branding it as a “trickle down” system. This epithet is…
What is Money?
Excerpted from the new economic bestseller, The Real Crash By Peter Schiff, CEO of Euro Pacific Precious Metals Today, we’re accustomed to thinking of small greenish paper rectangles as the definition of…
The Smell of Fear: Detecting the Dow’s Scent
Stocks typically fall faster than they rise By Elliott Wave International Rising stock prices vs. investor fear: When one is present, the other is usually absent. Yet the two were actually in…
Listen: EWI’s Chief Analyst Hochberg Explains Recent Action in Stocks, U.S. Dollar and More
Listen to Hochberg explain the problems with using lagging economic indicators like earnings By Elliott Wave International EWI Chief Market Analyst Steven Hochberg talks with MarketWrap radio on May 10, 2012, about…
The Day of American Austerity: What Will It Look Like?
In the United States, the belt-tightening has just begun By Elliott Wave International Since the start of the European sovereign debt debacle, the word “austerity” has been bandied about a lot. It…