In a past life I was a financial advisor.  And while I no longer perform the duties of a financial advisor I haven’t forgotten what it takes to offer sound …

Credit Suisse has published a nice note on the balance sheet recession and Japan’s de-leveraging cycle.  Japan has undergone one of the most crushing de-leveraging cycles in history due to …

CNBC just reported that the likely new Greek leader is willing to gamble with the Euro to get what Greece needs:
“The head of Greece’s Radical Left Coalition, Alexi Tsipras, told CNBC …

I’ve been fending off arguments about ensuing hyperinflation for the better part of 4 years now.  Ever since the Fed began expanding their balance sheet the hyperinflationists have been out …

There’s little doubt in my mind that Dr. Bernanke is a genius. But it confounds me how he has not connected the dots on a few things. As the man in control at the Fed he should know that the Fed is the supplier of reserves to the banking system. This is not a small power to harness. And Dr. Bernanke does not understand the depth of his own powers.

Thanks for the great questions again this week.  I’ll try to offer some brief thoughts on each, however, I won’t disclose info on proprietary indicators so those questions are left …

There’s a viral video going around by Tony Robbins on the national debt. Unfortunately, he makes the dreaded error of confusing a currency issuer with a currency user. Of course, the two can never be compared since a currency issuer has no solvency constraint meaning that they can never “run out of” currency like currency users can.

There’s still a lot of confusion over QE and its actual economic impact despite some pretty clear-cut evidence about what the policy does.  A brief recap might help.
Just to be …

I was on CNN radio again last Friday to discuss my article on the 9 economic myths. Topics we briefly touched on:

- Is there a bond bubble?
- Is the USA losing its reserve status and will this crash the dollar?
- Why the boom/bust cycle is here to stay.

One of David Rosenberg’s latest notes touched on 9 economic myths. If you’re familiar with his stance you probably know what his position is on each. So, instead of regurgitate them I am going to hijack his myths and insert my own opinions: