If you have any doubt that the Fed and other central banks should have known that a crash was coming, all you have to do is look at this June 2007 article from the Telegraph:The Bank for International Settlements, the world’s most prestigious financial…
Posts Tagged ‘marc faber’
Inflation, Deflation and “Got You” Prices
July 14th, 2009 |
No Comments
Scott Patterson writes in the Wall Street Journal that we won’t get inflation until unemployment is down below 5%:A rule of thumb is that inflation doesn’t become sticky until the unemployment rate dips below 5%…”I see very little prospect of acceler…
The Fed’s “Independence” Argument is False
July 10th, 2009 |
No Comments
The Fed’s main argument against an audit by Congress is that it would interfere with the Fed’s “independence”.For example, in his Congressional testimony yesterday – entitled “Federal Reserve independence” – the vice chair of the Fed used the “i” word …
PhD Economist: The Feds are Worse than the Mafia
Eliot Spitzer’s comment that the Fed is a “ponzi scheme” is newsworthy.But even more dramatic is PhD economist Marc Faber’s comment:The Feds are worse than the Mafia.See this.Print this post