Fed Seen Avoiding Historic Loss by Holding Mortgage Debt

“The Federal Reserve can avoid unprecedented losses by never selling mortgage-backed securities from its record $3.84 trillion balance sheet, according to updated estimates by Fed economists in Washington. The Fed every month is purchasing $85 billion in Treasuries and mortgage-backed securities in a program aimed at fueling economic growth and combating unemployment, which was 7.2 percent in September.”   […]

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Austrian Economics Hits Mainstream Media

“One has to wonder if somewhere deep down a change is occurring in America. While stock prices soar to record highs, it is clear a growing number of ‘real’ people are realizing the nonsense that watching a ‘market’ as anything indicative of reality has become. The latest ‘shift’ is the appearance on New Orleans local TV […]

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Op Ed: Fed Should Get Out Of The Market's Way

“Gone are the days where people looked towards next year when building their portfolios, or five years down the road as they approach retirement. Now from a combination of apprehensiveness and shear paranoia in our unstable markets, investors are looking only as far as they can throw for their personal investment decisions.”   Continue reading […]

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Gold Closes out the Week Above the 50 Day Moving Average

“Trying to get a read on gold lately has been challenging to say the least. It has been up; it has been down; it has had some wild swings intraday and then sat there on other days. However, it has finally managed to end the week above the 50 day moving average. For you technical […]

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The London Real Estate Bubble

“In October, London real estate asking prices jumped 10%. In my view is kind of parabolic-looking jump has developed out of quite a silly situation, and one I think is a good exhibit of just how irrational and weird markets can sometimes be.  London real estate prices have been rising strongly for a long while, and […]

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'Allies Aren't Always Friends'

“Jon Stewart knows how to twist the knife. “So you guys are all upset we’re spying on you,” America’s most popular TV satirist told an imaginary European audience. “But I just have one question: Have you met us? Meddling in your affairs for our national self-interest is kind of our thing.” That’s no joke — […]

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The Fed’s dilemma: Continue cleaning up the last crisis, or prevent a new one?

The leaders of the Federal Reserve will come from far and wide again this week to sit down at a big mahogany table and decide what to do about the nation’s monetary policy. The answer will almost certainly be: Nothing. They’ve been buying $85 billion worth of bonds every month for more than a year. […]

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Japan’s Economic and Environmental Crisis: Can “Abenomics” Cope With Environmental Disaster?

“An important and little noted component of Abenomics, Japan’s information and communications technology (ICT) growth strategy propounded on June 14 2013, ostensibly aims at the evolution of a new model of efficient, resilient and green urban and rural infrastructures. General Electric’s leadership in applying ICT, or the “Industrial Internet,” to its power systems shows that […]

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In Fed and Out, Many Now Think Inflation Helps

“Inflation is widely reviled as a kind of tax on modern life, but as Federal Reserve policy makers prepare to meet this week, there is growing concern inside and outside the Fed that inflation is not rising fast enough.”   Continue reading on nytimes.com

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The Grand Narrative: Legitimize the Authoritarian State

As the status quo crumbles, the state responds in the only way it knows: expand control and become increasingly authoritarian. The Grand Narrative of the 21st century is the legitimization of the authoritarian state. The authoritarian state comes in many ideological flavors, but retains the commonalities of central control. It may label the system it controls […]

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