Federal Reserve Policy continued

This kind of warning from a major investment firm is unprecedented. Spokesmen just don't give interviews like this.... keep reading

The mainstream financial press is beginning to wake up to the story. It doesn't know what is happening. Fear is beginning to spread. I hope you have already positioned yourself. If not, do,... keep reading

This report is detailed and crucial for understanding the looming credit crunch.... keep reading

There is a general rule governing currencies. Pay attention to it.... keep reading

I must sound like a broken record. But some people will not believe economic theory. They want confirmation. They are getting lots of confirmation.... keep reading

This man is a bear. He is among the most well-informed bears.... keep reading

The suggestion that the subprime mess has been contained ignores the following.... keep reading

I hope this will clear up a few loose conceptual ends.... keep reading

"Buy on the rumor. Sell on the news." Bulls had a chance to get out yesterday with a profit on the FOMC's quarter point reduction. That option got closed today.... keep reading

For months, Bernanke has told the public that the American economy was doing just fine. He has now consented to two target rate cuts, which are the classic sign of imminent recession. Now what?... keep reading

Now, here's a true Halloween story. Here is how real money is spent by ghosts.... keep reading

The mantra is "containment." The housing market has bottomed. The subprime affair is behind us. The SIV crisis will be solved in the next few months. No problem. Then why do we need a rate cut?... keep reading

Citigroup acted as an intermediary on the carry trade known as SIVs. Now its reputation is on the line.... keep reading

The press has not reported on this. I cannot explain it. But I report it for obvious reasons. This could be a breakdown in the making -- or a random, unprecedented anomaly. I hope the latter.... keep reading

If you pick the wrong asset class to monitor, you will be fooled about the rate of price inflation. Here's why.... keep reading

This is the chart of a little-known stock market index. Here, we see that the U.S financial system got into a meltdown phase in mid-August, 2007. Then the chart reversed sharply. It peaked in early October. It is headed lower again.... keep reading