The Future of the Commodity Price Boom
As late as 1999, oil was trading at $10 per barrel and gold at $250 per ounce, down from their nominal peaks in 1980 of $39 and $850 respectively.
As late as 1999, oil was trading at $10 per barrel and gold at $250 per ounce, down from their nominal peaks in 1980 of $39 and $850 respectively.
The Fed's likely continuation of its inflation in an attempt to solve the problems created by its previous inflation and the consequence that this will drive down the value of the dollar on foreign exchange markets will provide momentum for the commodity-price boom for some time.
Today it was announced that the Securities and Exchange Comm
The FHLB is a welfare-state institution to the bone.
The Hans Sennholz Memorial Lecture, delivered at the Austrian Student Scholars Conference hosted by Grove City College; 2 November 2007.
According to Greenspan, the Fed doesn't have much control over long-term interest rates.
Leland C. Brendsel is accused of presiding over accounting manipulations and running Freddie Mac in a reckless manner.
Remember that Citigroup, Bank of America Corp. and JPMorgan Chase & Co.
We suggest that by attempting to counter various shocks that are predominantly the product of Fed's own policies, Bernanke's Fed has likely made things much worse as far as real economic fundamentals are concerned.