Bernanke channeled Keynes to deflect Paul

September 2, 2011

Remember that exchange a couple of months ago between Congressman Ron Paul and Federal Reserve Chairman Bernanke over the definition of money? Pressed by the congressman during testimony, Bernanke said gold is not money. Paul retorted: “Why do central banks hold it?”

The meaning of a dollar

July 27, 2011

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The harshest congressional critic of the Federal Reserve faced the toughest internal questioner of central bank policy across a witness table on Capitol Hill on Tuesday. Surely there would be a meeting of the minds. Alas, it was not to be.

Did France cause The Great Depression?

November 1, 2010

Economist Douglas Irwin of Dartmouth College has stirred up a bit of a fuss by concluding in some academic research that it was France, not the United States, that was most to blame for The Great Depression.

from Global Investing:

Bad economic data, please

October 14, 2010

Interesting twist at the moment - how are financial markets going to view not-so-bad or good data out of the United States in the run-up to the next Federal Reserve meeting.

Should central banks now sell gold?

July 5, 2010

Central banks in debt-strapped countries have a golden opportunity ahead of them, if you will excuse the pun, to help their countries’ finances by selling their yellow metal holdings.

from Global Investing:

What fund managers think

June 16, 2010

Bank of America-Merrill Lynch's monthly poll of around 200 fund managers had a few nuggets in the June version, aside from the usual mood-taking.

from Summit Notebook:

That’s rich. I meant the wine.

June 8, 2010

Jeffrey Rubin

What do gold and wine have in common?

Price.

Well, too high of a high price, according to Jeffrey Rubin, director of research at Birinyi Associates, the stock market research and money management firm.

Former Head of U.S. Mint Goes for Gold

November 12, 2009

You know the American dollar is in trouble when… 
There is plenty of discussion about the fate of the U.S. greenback these days, what with multi-trillion dollar rescues still flowing through the financial system. But dollar bulls might feel just a little trepidation to see Jay Johnson, former head of the U.S. mint — the folks that print the stuff — become a spokesperson for gold. Johnson actually passed away last month, but he can still be seen on TV infomercials, singing gold’s praises.  

Gold to go

May 20, 2009

Automatic teller machines (ATMs) — 500 of them — dispensing pieces of gold will be available around Germany, Switzerland and Austria by the end of this year.

from Global Investing:

Big Five

May 11, 2009

Five things to think about this week:

VALUATIONS
- The MSCI world stocks index has rebounded 37 percent since March, the VIX fear gauge has hit its lowest level since September 2008, and positive earnings surprises in Europe are marginally outstripping negative ones. But there are serious questions over the equity market's ability to sustain its rise.