news.goldseek.com >> 16 October 2009
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news.goldseek.com >> 16 October 2009 |
Greenspan Gone Wild (Again)
By: Brady Willett
Former Federal Reserve Chairman Alan Greenspan is the worst Fed boss in history, but boy-oh-boy how we loved to watch him smile. We were so attracted to Mr. Greenspan’s girlish grin, in fact, that he could say just about anything and people would eat it up: “I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said”. How delightfully playful! He really must be the world’s best central banker!
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news.goldseek.com >> 9 October 2009 |
The Fires That Blind
By: Brady Willett and Dr. Todd Alway
For the record, ultra-safe variants of ‘cash’ have outperformed risky U.S. equities over the last decade...and yet no one seems to care. Buy equities, real estate, commodities, or art because their future fortunes are perpetually intertwined!?
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news.goldseek.com >> 17 August 2009 |
Bull Market Delusions In Recovery
By: Brady Willett
In short, it is the height of idiocy to take a 5-month snap-shot of market activity and contend that big new bull market is born, especially when the 5-year snapshot noted in the first paragraph turned out to be little more than an unsustainable cyclical bull fueled by unprecedented asset/credit bubbles. Given the potentially transient and/or unsustainable forces uniting to stabilize the U.S. economy, common sense leads to one conclusion: today’s rally is a cyclical bull inside of a secular bear.
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news.goldseek.com >> 29 April 2009 |
When will the Budgetary Debate turn into the Budgetary Diktat?
By: Brady Willett and Dr. Todd Alway
While no one can be sure exactly when the era of U.S. dollar hegemony will end, rest assured that when it does the budget choices in front of President Obama or his successor will have been made for them. When and if this day arrives the budgetary debate will turn into a budgetary diktat.
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news.goldseek.com >> 7 April 2009 |
Poor Greed
By: Brady Willett and Dr. Todd Alway
The Wall Street Journal recently suggested that a ‘culture of greed’ may be to blame for today’s crisis. Billionaire investor Stephen Jarislowsky has said that he thinks ‘extreme’ greed was to blame. And nestled within the mob of protestors ahead of last week’s G20 meeting was a little girl, no more than 5 or 6-years of age, holding a sign saying ‘You Greedy BosTards’. Let us simply say, while acknowledging the views of the Wall Street Journal and Mr. Jarislowsky, that the protesting little girl may have been misled.
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news.goldseek.com >> 11 March 2009 |
Greenspan A Glutton For (His Own) Punishment
By: Brady Willett
Why Greenspan continues to try and defend his deplorable record as Fed Chairman is unknown. What is known is that the once powerful Sir Alan has seen his reputation steadily deteriorate to a level not much higher than laughing-stock. Here is what Greenspan had to say in his most recent commentary:
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news.goldseek.com >> 15 January 2009 |
Bond Bubble Trouble?
By: Brady Willett
In short, what U.S. policy makers should hope and pray for is that when the bond bubble end game does arrive it will be because central bankers (plural) printed too much money, and not because a viable alternative to USD hegemony has emerged. Supporting the great U.S. Treasury bubble is in everyone’s best interests, until it is not.
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news.goldseek.com >> 6 January 2009 |
2009 Outlook: Angling For A Recovery
By: Brady Willett and Dr. Todd Alway
Give a man to fish and you feed him for a day. Teach him how to print money and you feed him for a lifetime? Juxtaposed against this seemingly outlandish re-write of the popular Chinese proverb is the image of the U.S. trying to inflate away the ills of asset and debt deflation.
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news.goldseek.com >> 16 December 2008 |
Bailout Madoff!
By: Brady Willett
In short, there needs to be a new bailout effort entitled the Criminal Reprieve Assistance Program (CRAP) to provide ingenious criminals like Madoff the tools required to help kick start the faltering U.S. economy. By investing $100 billion with Madoff so that he can start-up a new and improved SAP Fund and make current clients whole, the CRAP would immediately help restore confidence in the marketplace.