Bernanke & Hockey Stick Inflation

Yesterday, in his biannual testimony to the USA Congress, the president of the Federal Reserve, Ben Bernanke, asserted that inflation under his and Mr. Greenspan's mandate was no more than 2% a year. While this might be "true" using Bureau of Labor Statistics (BLS) data, please check ShadowStats for a true picture of inflation in … Continue reading Bernanke & Hockey Stick Inflation →

24 January 2013 TYR reads: Apparitions in the Fog

Apparitions in the Fog @ The Burning Platform In this apocalyptic article, Jim Quinn exposes the foundations of the present economic "system". With the assistance of a series of charts, it is convincingly argued that: the economic recovery is a mirage, that the middle class is being destroyed in the USA, and by extension in the … Continue reading 24 January 2013 TYR reads: Apparitions in the Fog →

TYR 10 January 2013 reads

Is American Justice Dead? @ Casey Research American justice on a slippery slope. "Few recent cases make the contention clearer than the announcement last week by the US Justice Department that it had settled its case against HSBC for acting as the bag men for Colombian and Mexican drug cartels. The fine, $1.9 billion, amounts to … Continue reading TYR 10 January 2013 reads →

Make nominal spending the new target? We hope not.

In the January 2 2013 edition of the Financial Times Mr. Scott Summer, economics professor at Bentley University, publishes an article titled Make nominal spending the new target, where he argues for the revolutionary, and increasingly MSM-pushed idea of making Nominal GDP Targeting (NGDPT) the official policy of central banks in most western countries. This policy … Continue reading Make nominal spending the new target? We hope not. →

TYR 29 December 2012 reads

This Is What America Really Thinks @ Zerohedge Zerohedge does not comment it and neither will we. The IMF on overinvestment @ China Financial Markets in his latest post Michael Pettis comments a recent report on China, by the IMF, in which it is argued that China's economy, whose present investment levels stand at 50% of GDP, … Continue reading TYR 29 December 2012 reads →

TYR 20 December 2012 reads

Why Reported Inflation Seems Different Than Reality @ StreetTalkLive In this article Lance Roberts explains clearly how and why reported inflation understates real inflation, by a wide margin, and how this is one of the main factors contributing to the ongoing reduction in the standard of living in America. Amazing Chi Energy “Iron Shirt” Demonstrations @ … Continue reading TYR 20 December 2012 reads →

TYR 4 December 2012 reads

Still Not Spreading the Wealth Around @ Azizonomics This article compares the evolution of the percentages of GDP that both wages and corporate profits have had in the USA from the 1940s until 2012. Data shows that corporate profits have never been higher, around 11% of GDP, and wages have never been lower, around 43.5% of GDP. … Continue reading TYR 4 December 2012 reads →

TYR 19 November 2012 reads

Global Shadow Banking System Rises To $67 Trillion, Just Shy Of 100% Of Global GDP @ Zerohedge In case you assumed that 4 years after the onset of the present global financial crisis risks are at least gradually decreasing, please look again. The Financial Stability Board (FSB) in its latest report on the Shadow Banking System … Continue reading TYR 19 November 2012 reads →

Ron Paul bids farewell to the USA Congress & America loses a true hero

Perhaps the most outstanding USA political figure of the last 2 generations, certainly the most underappreciated & misunderstood, two days ago Ron Paul bid his farewell speech to the USA Congress after 23 years of service. Notice the reluctant applause at the end of the speech, a reliable sign that some truths were uttered. Best of … Continue reading Ron Paul bids farewell to the USA Congress & America loses a true hero →

TYR 15 November 2012 reads

The Bernanke-Obama-Keynes Toxic Triangle Dead End @ Zerohedge In this article originally published in Forbes Mark Spitznagel explores Frédéric Bastiat's observation: “The bad economist pursues a small present good, which will be followed by a great evil to come, while the true economist pursues a great good to come, at the risk of a small present evil.” … Continue reading TYR 15 November 2012 reads →