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There’s nothing like a bit of Middle East and North African violence to get the markets gurgling. For the past six months the US market has straight-lined from 1,050 to 1,350 almost without taking breath.  That’s a 30% rise: (Click to enlarge) Source: Google Finance Central bank money-printing will do that to the stock market. [...]

“It finds that the IMF provided few clear warnings about the risks and vulnerabilities associated with the impending crisis before its outbreak.  The banner message was one of continued optimism after more than a decade of benign economic conditions and low macroeconomic volatility.  The IMF, in its bilateral surveillance of the United States and the [...]

Is the bond market finally catching on to the “forced risk” trade…? AS NIALL FERGUSON never tires of reminding us, bond markets rarely react early to bad news, no matter how plain it looks to everyone else. “In the years leading up to the First World War,” as the Harvard historian explained in 2006, for [...]

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 [...]

It’s 9.03am as your editor begins writing today’s Money Morning. The US market closed down nearly 2%. While major European indices closed down over 2%. In China the CSI 300 index dropped 4.21%. And the futures prices have the Aussie market opening lower by around 70 points. If it does, that would take the index [...]

“There is too little money in the economy.” – Bank of England governor Mervyn King, 19 October 2010 SO the FEDERAL RESERVE is dead-set on creating inflation, and it’s plain to see why. Household debt in the US now stands so large, paying it down to 2001 levels – as a proportion of income – [...]

Why this really isn’t the early ’80s recession replayed… WHATEVER the problem is, a lack of money it ain’t. Just so we’re clear. Quite how more money might help, therefore, we can’t say. Still, that won’t stop the world’s No.1 central bank from creating yet more of the stuff. Not according to Ben Bernanke last [...]

A few things are swirling about in our brain this morning, so let’s see what gushes out as we tip our head to the side… We’ve been writing to you for some time about the impending threat of mass inflation. Inflation that could push you to the brink of poverty – unless you’re prepared for [...]

Oh dear, it looks as though The Age has uncovered more problems for the crooks at the Reserve Bank of Australia’s money-printing firm, Securency. You know we give the mainstream press a hard time of it on most days, but sometimes they do pay their way. That’s in contrast to today’s Australian Financial Review for [...]

It was interest rate bingo yesterday. But the only person shouting “House” was our new pal, Comsec’s Craig James. You’ll remember that Mr. James made the argument that higher interest rates were already working to slow down the economy. That any further rate increase was unnecessary. Well, at 2.30pm yesterday Mr. James stood up with [...]