Markets

Dec 21, 2005 at 00:00

Each of the past six recessions was preceded by an inversion in the spread between the Treasury 10-year yield and the fed funds rate. But there were two other instances…

Dec 20, 2005 at 00:00

The official Federal minimum presently stands at $5.15 an hour; the actual minimum is much higher. No employer can overlook the mandated fringe benefits which he is forced to pay…

Dec 20, 2005 at 00:00

And when will the gold bull market resume again after this hiatus? If gold finally hits our target of $463 or $478, we will see a significant rally but at…

Dec 20, 2005 at 00:00

As the medium of International Exchange, the United States and its Currency remain in the unique position of Seignorage or having our currency accepted as the medium of International exchange.

Dec 20, 2005 at 00:00

Last year's imperious announcements by Messrs. Greenspan and Bernanke to use the "printing press" to inflate anything they can should be considered startling only in the resort to honesty. Euphemisms…

Dec 20, 2005 at 00:00

While no one can state for sure what will happen to the Nikkei over the next few weeks or even months, a quick look at the macroeconomics picture tells us…

Dec 20, 2005 at 00:00

What the Fed fears, of course, is that gold will explode and start moving away from the 50 week moving average and start climbing in a much steeper path so…

Dec 20, 2005 at 00:00

As one can see from the above chart, the Canadian dollar (cash prices) is now on the verge of surpassing a 14-year high - to a level not seen since…

Dec 20, 2005 at 00:00

As expected, last week the Fed raised short-term rates to 4.25%. While the accompanying statement removed some amount of ambiguity regarding further rate hikes, it hardly clarified anything. Is the…

Dec 19, 2005 at 00:00

Ultimately, inflation leads to wealth destruction because it distorts price signals, causing investment to be misdirected. It is this particular effect of inflation -- the misdirection of investment and the…