While spending 16 years as the Chief National Security Analyst on the House and then Senate Budget Committees, Mike Lofgren, furnished with top security clearance, began to visualize an invisible power structure running the U.S. government.
The financial instability hypothesis has both empirical and theoretical aspects. The readily observed empirical aspect is that, from time to time, capitalist economies exhibit inflations and debt deflations which seem to have the potential to spin out of control.
Gold prices fell back to yesterday's 5-week low at $1308 per ounce lunchtime Wednesday in London, dropping hard from a tight overnight range as Western stock markets rose.
Well-known Hong Kong investor and money manager Puru Saxena joins the Financial Sense Newshour and explains how one of history’s largest bubbles is at the mercy of the Fed.
There are two ways a nation can use economic growth to reduce budget deficits. The first method is to participate in economic growth, with a growing economy increasing tax collections. A second method is to raise taxes so drastically that they consume all economic growth.
Many continue to argue that the rate normalization taking place now will slow business activity in the US. Good luck betting on that however. There is no question that corporate America had benefited tremendously from extraordinarily low rates.