Ben Bernanke

Podcast

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John Rubino: Out of Good Options

We've borrowed too much for too long
Saturday, October 26, 2013, 3:43 PM

In this week's podcast John Rubino provides an excellent explanation of why governing has become such hard sledding of late for our politicians. Since they have enjoyed an ever-expanding pie so far in their careers, they don't have any professional experience of prioritizing spending, which the sluggish economy is now demanding of them. They are, simply put, the wrong people for the job. » Read more

Insider

Off the Cuff: Bernanke Spikes the Punchbowl

When prudence would dictate he take it away
Thursday, September 19, 2013, 11:18 AM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • The Fed's Fakeout
    • No taper for you!!
  • Happy days are here again
    • Markets everywhere party onward but shouldn't they do the opposite?
  • Precious metals popping
    • Dollar is down and gold is way up today
  • Investing Outlook
    • Is time to just start dancing to the Fed's tune?
Blog

Fed Shocker: No Taper

As we've long said, the Fed has put itself in a box
Wednesday, September 18, 2013, 4:20 PM

The Federal Reserve today (9/18/13) surprised the world, and me, too, by not reducing the amount of bond purchases from the current $85 billion per month to something less.  The guesses and expectations were for between $10 billion and $15 billion less per month, to bring the number down to "only" $70 to $75 billion per month.

But the actual reduction was $0, leaving the purchases at $85 billion per month.

The financial markets reacted instantly. » Read more

Insider

Off the Cuff: Things Are Getting Interesting Again

The summer sameness is over
Thursday, August 15, 2013, 1:11 PM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Rising Interest Rates
    • The big game-changer
  • To Taper or Not?
    • Hard to see the Fed delivering on the threat
  • Gold
    • Finally looking brighter again
  • The Markets
    • Be very, very concerned
Insider

Bernanke's Suspicious Remarks on Gold

His dismissal of its importance is not very credible
Thursday, July 25, 2013, 8:33 PM

Recently, on July 18, 2013, Federal Reserve Chairman Ben Bernanke told Congress a number of things about gold that make us wonder which one of two interpretations is correct: Is he really that out of touch? Or is he telling us lies with the bumbling skill of a four-year-old? » Read more

Insider

Off the Cuff: "Illogical & Nonsensical"

We're in unnatural times
Wednesday, July 17, 2013, 11:05 PM

In this week's Off the Cuff podcast, Chris and Alasdair discuss:

  • Bernanke's Blather
    • He's confirmed he's committed; but to what, exactly?
  • Happy-Talk Headlines
    • The media is reporting with an unfounded optimism
  • Housing Headwinds
    • Rising rates can only pop prices
  • The Ongoing Gold Smackdown
    • "Illogical & nonsensical"
Insider

Off the Cuff: The Fed is Speaking out of Every Corner of Its Mouth

Trying to cover all of its bases
Wednesday, July 10, 2013, 10:55 PM

In this week's Off the Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Decoding FedSpeak
    • Deciphering the latest Fed minutes
  • Pricey Petroleum
    • Crude oil cracks $105/barrel
  • Fed Losing Control?
    • Outlook for stocks/bonds/real estate looking shaky
Insider

Off the Cuff: Broken Markets

Response to the FMOC minutes reveals depth of instability
Thursday, June 20, 2013, 12:26 AM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Wedding Bells For Mish
    • Mike tied the knot last week
  • FOMC Freak-Out
    • Markets react nonsensically to the predictable
  • Where to From Here?
    • Down - and fast - seems most likely
  • The Case For Precious Metals
    • Current low prices just don't make sense
Insider

Off the Cuff: Interest Rates Getting 'Interesting'

Are central banks losing control?
Thursday, June 13, 2013, 9:12 PM

In this week's Off the Cuff podcast, Chris and Mish discuss:

  • Interest Rates Breaking Out
    • The last thing the economy needs right now
  • Loose Lending = Bad Loans
    • Didn't we learn this lesson in 2008?
  • The Market vs. the Fed
    • Market forces always prevail in the end

Well, the volatility predicted in recent Off the Cuff podcasts has arrived on schedule. » Read more

Blog

Housing Prices Are Being Dangerously Distorted by Big Institutional Money

Do we really want to live through Housing Bubble 2.0?
Tuesday, June 4, 2013, 10:20 AM

The airwaves are full of stories of economic recovery. One trumpeted recently has been the rapid recovery in housing, at least as measured in prices.

The problem is, a good portion of the rebound in house prices in many markets has less to do with renewed optimism, new jobs, and rising wages, and more to do with big money investors fueled by the ultra-cheap money policies of the Fed. » Read more