The U.S. finds itself on the wrong side of the currency manipulation argument this week, as many G20 countries criticize the Fed’s $600 billion bond buying plan, which could further devalue the dollar. World leaders say the mov…
Bernanke & Co. are increasingly aware of the big impact that rising “animal spirits” (in Keynes’s words) can have on stocks and, in turn, the broader economy. Creating a self-fulfilling positive prophecy is the goal. Will it wo…
Gold futures surpassed a record price of $1,380 an ounce Thursday on investor fears that the Federal Government’s new $600 billion stimulus package may spur inflation and devalue the U.S. dollar.
Continue readi…
Intended or not, the Fed’s quantitative easing policies are destroying the dollar’s value. That’s pushing prices of commodities that Americans need — such as food, cotton and oil — ever higher. And it hurts companies as well …
A day after announcing a second round of quantitative easing, Fed Chairman Ben Bernanke responded to critics in a Washington Post op-ed that explains how the program will work and why it won’t spark inflation.
…