Hold Cash, Gold and Hard Assets Until ‘Funny Money’ Frenzy Fizzles Out
David Santschi, who analyzes fund flow data for investment research firm TrimTabs, borders on the apocalyptic when he warns that central bank actions are overwhelming the natural forces in the market.
BoE Boosts QE
The Bank of England has injected another 50 billion pounds ($66.271 billion) into the British economy as it extended its quantitative easing (QE) program. Its monetary policy committee also opted to maintain its benchmark interest rate unchanged at 0.5%.
Axel Merk: Fed’s Operation Twist Warm Up for QE3
A growing chorus of critics is questioning the efficacy of the Fed’s latest attempt to put downward pressure on long-term interest rates and “help make broader financial conditions more accommodative”—also known as Operation Twist.
How Bad Will Inflation Get?
Peter Schiff Slams Bernanke as Fed Chief Warns on Debt Ceiling at Senate
Peter Schiff slammed Federal Reserve Chairman Ben Bernanke who told the Senate Banking Committee on Thursday that not raising the debt ceiling would cause the deficit to rise.