Those in the financial press often write about a futures market that is “backwardated” or in “contango.” Very often, they get confused when explaining a market in light of these concepts, and believe it or not, this even confused Fed Chairman Ben Bernanke. Last February Bernanke basically said that the then backwardated term structure [...]

It’s probably because he benefits so much from the boom-bust cycles and bailouts that the Fed creates, but Warren Buffet is not bothered by the moral hazard, inflation, and debasement of the dollar

April 28 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke may have to start talking and acting more like Paul Volcker if he wants to avoid being remembered as another Arthur Burns.
With oil and food prices surging, Volcker told the Economic Club of New York on April 9 that “there are some resemblances between the [...]

Awhile back I wrote that “The US government is becoming more wasteful, more inefficient, and more socialistic every day. It is thenature of most governments throughout history to do this…. What we must do is reframe these problems into opportunities. How? By understanding the political & economic institutions that we live in, we can utilize [...]

When bureaucrats actually start admitting a degree of truth, its time to be concerned. Most realize that the US is already in recession, of course, its difficult to prove when no one can use the warped and manipulated government statistics to gauge the actual state of objective reality. But the recession theory gained [...]