Archives for: QE

1

Mitch Feierstein Warns of Coming Financial Collapse

by Mitch Feierstein about 5 months 4 weeks ago

Chris Menon interviews the author of the best-selling Planet Ponzi on the housing bubble, market manipulation, gold and the subversion of democracy Monday, 16 June 2014 at 09:49 Chris Menon: In Planet Ponzi you’ve written about the huge debt bubble that was created over the past 30 years. For those who haven’t read your book, how [...]

read more »

2

We must take a stand against lies, damned lies and statistical data

by Mitch Feierstein about 1 year 2 weeks ago

Last week, a brave police constable told a startled Parliamentary select committee that crime statistics were being artificially manipulated to keep recorded crime on its downward path. In one remarkable exchange, the committee’s chair, Bernard Jenkin, asked: “This [the police process] would finish up with trying to persuade a victim that they weren’t raped, for [...]

read more »

9

We put out one fire but now Mark Carney wants to start another

by Mitch Feierstein about 1 year 1 month ago

Mervyn King’s decade at the Bank of England was a disaster. The Bank was too slack during the long and indisciplined boom, under prepared for the crash and playing catch-up thereafter. The legacy of Lord King’s (and Gordon Brown’s) career has been an economy still limping along far below peak output, real wages caught in [...]

read more »

Ed Miliband has a point. When this country toppled into crisis in 2007-08, it was widely feared that the financial collapse would lead to mass unemployment on a scale that dwarfed the recession of the early 1980s. And it hasn’t happened, or not quite. Yes, unemployment is really bad. Yes, the statistics are manipulated. And [...]

read more »

On 15 September 2008, Lehman Brothers, a “bulge bracket” investment bank, filed for bankruptcy. That should have been no big deal. The failure of a single, poorly run institution should have had no broader effect on the domestic US economy, let alone the global one. Things didn’t pan out that way. Lehman Brothers was the [...]

read more »

The dual mandate of the Federal Reserve is a good one. It is charged with ensuring stable prices and maximum employment. That’s a good basic recipe, one which served the country well. And notice what isn’t there. The Fed is not charged with distorting natural market pricing mechanisms to the point of perverting risk. It [...]

read more »

0

WE ARE A NATION OF LIONS LED BY DONKEYS IN THIS ECONOMIC TRENCH WARFARE

by Mitch Feierstein about 2 years 2 months ago

A hundred years ago, a generation of men – many of them volunteers – fought an unprecedently bloody war for almost invisible gains. The men were heroes, but the generals commanding them were too often blunderers, too little conscious of the ever-mounting casualties. David Cameron is right to demand that our schoolchildren are reminded of [...]

read more »

Accountable: A letter in the Sunday Times called for Osborne to begin spending cuts a year earlier than planned In February 2010, twenty economists published a letter in the Sunday Times calling on George Osborne to begin spending cuts a year earlier than planned. The key sentence of that letter stated that, ‘In order to be credible, [...]

read more »

1

Hey, There’s a Worm in the Apple (Inc.)

by Mitch Feierstein about 2 years 4 months ago

  Back in April, I wrote a piece about Apple Inc. I suggested that the company’s stock price was a little frothy. I suggested caution was in order. At time of writing that piece, the company’s stock price was at about $635, just a shade off its high. I got crucified for that piece. Virtually everyone commenting [...]

read more »

Those financial forecasters, like myself, who take a generally dark view of world affairs are known by a number of monikers: prophets of doom, killjoys, pessimists, Cassandras. And that last one is interesting. Cassandra, in ancient Greek myth, was the daughter of King Priam of Troy. After Helen, she was considered the most beautiful woman [...]

read more »