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Gary North On The Coming Inflation
The Federal Reserve System faces a dilemma of its own creation: the doubling of the monetary base. You can see it here.
The only thing that is keeping this from creating mass inflation is the decision of commercial bankers to deposit the bulk of this increase with the Federal Reserve. The banks are not lending out this money. Neither is the FED. This money does not legally belong to the FED.
There is a reason why the banks are not lending money to the public. Instead of taking the risk of lending, the banks are depositing hundreds of billions of…
When Oil Fell and We All Got Rich
One of the unexpected benefits of a $90-a-barrel drop in the price of crude oil is a transport sector that has far less to pay for keeping things moving. Now, of course, that savings is predicated on the assumption that there’s actually something out there to move – that manufacturers are still making things, and consumers are still buying. These days, none of that can be taken for granted. Consumer spending recently turned into a pumpkin
and went home (see chart, above). And as for shipping, the dye has also been cast. A look at the venerable Baltic Dry Index tells a…
19Nov2008 | Oxbury Research | Comments Off | ContinuedThe Baltic Dry Index: The Only Economic Indicator Worth Tracking Right Now
Forget unemployment. Inflation. Consumer confidence. Personal Incomes…
You can even ignore the ever-popular gross domestic product (GDP).
Most of the indicators that the market relies on to forecast the future are worthless in this type of environment. The truth is the data coming out of the traditional economic indicators isn’t current. By the time it’s being reported, the information is already weeks or even months old.
If you want to know when the global slowdown that’s erased $28 trillion in wealth (so far) will finally reverse course, pay attention to the obscure Baltic Dry Index. And nothing else. Here’s why…
What Is The Baltic…
17Nov2008 | Investment U | Comments Off | Continued
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