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“We’re not printing money,” said Dr Ben Bernanke in his 60 Minutes interview last Sunday. “What we’re doing is lowering interest’s rates by buying Treasury securities. And by lowering interests, we hope to stimulate the economy to grow faster.” With statements like that, you wonder why only half of the U.S. wants the Fed ‘…curbed [...]

“I think you have a hit an all time low on this one. “Having no interest in NAB’s success, but being very knowledgeable of the inner workings of the payments industry the conclusions are absurd. I support a lot of the messages in your newsletters. But stick to what you know something about, rather than [...]

Hyperinflation is not simply inflation times 10. It’s most likely to strike – in fact – amidst a real deflation… SO the FEDERAL RESERVE’s second-round of quantitative easing, announced on November 3rd, was a shoo-in – a fait accompli – already decided when the policy team first sat down the previous day. How come? As [...]

Germany’s economy minister, Rainer Bruderle, took a nice swipe at Bernanke the other day when he said that the European Union cannot “throw money from helicopters.” Huge tensions are building in Europe and I’m not sure people understand how close the EU is to falling apart. Ireland may seem like small fry and I’ve been [...]

“I can’t believe it, he’s broken it!” said Slipstream Trader Murray Dawes to your editor last week. “Who’s broken what?” we replied. “Bernanke. He’s broken the market”, Murray responded with a look of disbelief on his face. It takes a lot to drag Murray away from his charts. But for a veteran who’s been trading [...]

Three reasons you need your own private Gold Standard, rather than waiting on “sound money” from government.. DID GOLD’s first foray over $1,400 mean we’re going back to a Gold Standard? Nope. Not in the West, nor anytime soon anywhere, and for three simple reasons First, gold prices aren’t high enough. Second, modern governments don’t [...]

Gold is up USD$15.90 to USD$1,409.55. Silver is up USD$0.95 to USD$27.69. And World Bank president Robert Zoellick wrote in Monday’s Financial Times: “The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets [...]

The world is full of coincidences. Within minutes of yesterday’s Money Morning hitting the newsstands we received a reply from the Reserve Bank of Australia (RBA). You’ll recall that yesterday we told you about an email we’d sent to the RBA on Tuesday asking why the ‘Three Cobbers’ – Mr. Corbett, Mr Kraehe, and Mr. [...]

One of the reasons why you may read this letter each day is because you like reading about the economy and economics. Although I’m sure there are plenty of other reasons too… not that I can think of any off the top of my head, but there must be some. Your interest in the economy [...]

The property spruikers have gotten themselves quite excited about an article by PIMCO Australia chief, John Wilson in Business Spectator last week. Mr. Wilson headlined the article, “Our non-existent housing bubble.” As you can pretty much guess from the headline, Mr. Wilson sums up the article saying: “The demand for housing is determined by the [...]