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Kurt Richebächer

Kurt Richebächer

Contributor since: 26 Feb 2010

Biography

Dr. Kurt Richebacher is the editor of The Richebacher Letter. Former Fed Chairman Paul Volcker once said: "Sometimes I think that the job of central bankers is to prove Kurt Richebächer wrong." A regular contributor to The Wall Street Journal, Strategic Investment and several other respected financial publications, Dr. Richebächer's insightful analysis stems from the Austrian School of economics. France's Le Figaro magazine has done a feature story on him as "the man who predicted the Asian crisis."

  • An Unprecedented Speculative Spree

    Published 23 March 2007 | viewed 5,414 times

    A study recently published by the Bank for International Settlements (Monetary and Prudential Policies at a Crossroad?) says: "Financial liberalization is undoubtedly critical for the…

  • Corporate America to the Rescue?

    Published 02 February 2007 | viewed 3,693 times

    With some consternation, we have been reading that Fed officials think the U.S. economy is a lot sounder today than it was at the end…

  • Monetary Anarchy

    Published 15 December 2006 | viewed 4,915 times

    The encouragement of mere consumption is no benefit to commerce because the difficulty lies in supplying the means, not in stimulating the desire for consumption;…

  • The Fed's Wild Imagination

    Published 17 September 2005 | viewed 6,472 times

    In his testimony to Congress on July 20, 2005, Mr. Greenspan declared it quite likely that the world is currently experiencing a global savings glut.…

  • Crippling Wealth

    Published 24 June 2005 | viewed 4,961 times

    Let us start with a quote from Friedrich von Hayek: "The means of perception employed in statistics are not the same as those employed in…

  • The Great Wealth Deception

    Published 23 April 2005 | viewed 6,324 times

    This is the most important economic question in and for the world: Has the U.S. economy's rebound since 2001 been aborted, or is it only…

  • All Signs Point to Bubble

    Published 04 February 2005 | viewed 6,686 times

    In its Jan. 10 issue, Business Week carried an article, A Gold Medal for the Fed's Inflation Fighters, from Glenn Hubbard, dean of Columbia Business…

  • Apocalypse Later

    Published 07 January 2005 | viewed 2,851 times

    Despite all the worried talk about the sliding dollar, both the financial markets and economic forecasters are taking it in stride. Conspicuously, nobody speaks of…

  • The Missing Link

    Published 07 January 2005 | viewed 2,670 times

    The badly flawed consensus thinking about the implications of sustained large U.S. capital inflow starts with the error that U.S. assets are uniquely attractive to…

  • A New Illusion: The Falling Dollar

    Published 11 December 2004 | viewed 5,184 times

    In his recent speech in Berlin, Greenspan was amazingly frank about the "increasingly less tenable U.S. current account deficit," suggesting that foreign investors would eventually…

  • The Great Macro Profit Illusion

    Published 10 September 2004 | viewed 2,112 times

    Is the U.S. economy stalling out, or is it resuming its strong growth, gaining traction for a self-sustaining expansion with healthy job and income growth?…

  • The Plug Factor

    Published 20 August 2004 | viewed 2,198 times

    This essay was adapted from an article in the August edition of: The Richebächer Letter. At first look, the May consumer income and outlays numbers…

  • A Most Savage Credit Crunch

    Published 09 July 2004 | viewed 2,521 times

    While the Fed hiked its rate by a paltry 25 basis points, the bond market used a hammer, raising 10-year Treasury yields by 100 basis…

  • It's the Bubbles Stupid

    Published 19 June 2004 | viewed 2,329 times

    The further fate of America's consumer borrowing and spending binge is of major concern at this juncture. Last year, in particular, it was the key…

  • A Grotesque Misnomer

    Published 28 May 2004 | viewed 2,140 times

    Economic growth now depends crucially on the strength of wealth and profit creation. Mr. Greenspan and the bullish consensus economists claim that America is enjoying…

  • Imbalances and Dislocations

    Published 14 May 2004 | viewed 2,403 times

    Attempting to assess the U.S. economy's further outlook, one should first ponder the main causes that have been thwarting a stronger and healthier recovery, even…

  • The Great Deluder

    Published 16 April 2004 | viewed 2,503 times

    For us, Mr. Greenspan is the great deluder of the American public, flatly deceiving it about the economy's true situation and prospects. His speeches always…

  • Policy Traction

    Published 09 April 2004 | viewed 2,164 times

    "Policy traction" is an expression that lately has come into fashion. In essence, it refers to the relationship between the size of the monetary and…

  • Pulling Out the Rug

    Published 12 March 2004 | viewed 2,030 times

    Apparently, the consensus economists are still convinced that the growth acceleration in the second half of 2003, and above all a sharp rise in profits,…

  • Vindication for the FED?

    Published 27 February 2004 | viewed 2,312 times

    Manifestly, there is general overwhelming optimism about the U.S. economy. Positive arguments abound: Thirteen rate cuts and the lowest interest rates in decades; runaway money…