After The Gold Rush
On Monday, gold prices hit a recent low of $1532.72, roughly 20% below this months high of $1923.70. Last week proved to be the most difficult so far this month for gold which was strange given that...
View ArticleQuotables
“On October 30 2008, I took the opportunity to deliver a pep talk to my staff, just before we began a lengthy strategy session in which I would lay out the assignments for the next few days. And of...
View ArticleBernanke Speaks On The Protests
The wall street protestors are having some success at gaining recognition from key policy makers like Ben Bernanke who responded to a question yesterday about the protests to the joint economic...
View ArticleNPR Segment and Writing
During our segment on NPR yesterday, they were very curious about 2 songs on our album Qe2 and Main Street venting blues. This is funny because when Kyle and I recorded the album in Montreal, those...
View ArticleQuotables
The wall street protests have reminded me of a quote from the book Jitterbug Perfume by the great Tom Robbins: “The rich are the most discriminated-against minority in the world. Openly or covertly,...
View ArticleComments on Suzuki Article
Couple comments on David’s Suzuki’s article this morning published in the Huffington Post. 1. Reading the article I began to reflect on how seemingly paradoxical it is to be a liberal. In the article,...
View ArticlePistol Pete
I recently had the opportunity to hear Pistol Peter Schiff speak on the economy. His speech rehashed his major talking points over the past several years but it was fun seeing him in person. Here were...
View ArticleWho Else Could Ever Ease As Quantitative As Me?
When the Fed launched its first episode of quantitative easing in November 2008 (1.25 trillion in MBS purchases and 175 billion in agency purchases), investors largely embraced it and considered it a...
View ArticleGreenspan’s Defense
I just finished reading Alan Greenspan’s latest book on the financial crisis called The Map and The Territory. I really was hoping that the book would be his confession that flawed monetary policy led...
View ArticleEconomic Update On Recession Sessions
QE2 – Shortly after the release of our album, the Fed announced QE3 making our massive radio hit “QE2” feel dated to diehard fans of financial folk. Through three rounds of quantitative easing, the Fed...
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