Sep 15 2012

QE3 into infinity and stagflation – Federal Reserve now purchasing over 50 percent of MBS and planning on buying $40 billion per month into infinity.

The Federal Reserve is playing with financial fire here.  The last employment report was terribly weak and no amount of spinning can make it good.  The drop was largely based on hundreds of thousands of Americans dropping out of the labor force.  Is that really a positive sign?  Last week we received data from the […]

Aug 27 2012

Zero effective policy and stalling QE3 – Why QE3 will have little financial impact if implemented. Deposits at US commercial banks quickly approaches $9 trillion.

The markets eagerly await the words of central bankers over the next few days.  The markets are on the fence waiting to see if Ben Bernanke gives the green light for QE3.  What many fail to realize is the Fed already has other mechanisms to force banks to lend in the current marketplace.  First, there […]

May 31 2012

The end game of global leveraged debt – double-digit percentage point market declines in Europe and Japan and the danger of refinancing debt with longer term debt.

There is a painful realization that shifting debt around like a game of musical chairs has little merit unless real production is achieved as an end result.  May was a disappointing month for markets in general.  While the S&P 500 certainly fell, markets in Japan and Europe took double-digit declines.  The massive amount of leverage […]

May 5 2012

The chicanery between the Fed and ECB – twin balance sheets near peak levels and many European nations back in recession. Methods of understating US unemployment rates.

The Fed and ECB (European Central Bank) have taken notes from the exact playbook in dealing with the global financial crisis.  People tend to believe that these are somehow fully set government agencies but in reality, they are designed to protect their number one constituency group.  The Fed and ECB have the primary mission of […]

May 3 2012

Contagion and the viral spreading of debt based systems – CEO pay at regional banks surge on average to $10.5 million thanks to bailouts while austerity is forced onto the middle class.

The biggest economy in the world just reached a new peak with their unemployment rate.  We are not talking about the United States but the massive block in the Eurozone.  The unemployment rate in the 17 country block reached a new all-time high at 10.9 percent as austerity measures are being used to combat massive […]

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