With the debt ceiling discussions in full fearmongering mode and the Euro debt crisis causing increased global turmoil, there’s been an increase in the use of the term “bond vigilantes”. [ … ]

I was on CNN Radio with Dan Cofall and Dan Stewart this past Friday to discuss the Fed, debt monetization and hyperinflation.   I hit on the Fed’s misguided reactive [ … ]

Putting the cart before the horse can be highly destabilizing and can result in increased systemic instability. As we sit with 9% unemployment well into an economic “recovery” we should all be aware of how damaging that instability can be….

Investors in the USA are still excessively concerned about the expanding money supply.  The usual argument has something to do with the always scary sounding “debt monetization“, “money printing” due [ … ]

So, when Jeremy Grantham states that we are in the midst of a paradigm shift, I agree. But I don’t agree as to what that shift entails. Like Dylan Grice, I am optimistic on behalf of mankind and believe that ingenuity will ultimately see us through this crisis. Winston Churchill once said: “Americans can always be counted on to do the right thing – after they have exhausted all other possibilities.” I believe the same logic applies to our political leaders.

Rob Arnott of Research Affiliates is out with an excellent piece (as always) that follows up on the research about long-term volatility and investment returns. Arnott does a superb job [ … ]

In recent weeks some hyperinflationists have succumbed to the reality that QE2 isn’t really adding net new financial assets to the private sector – it is indeed just an asset [ … ]

We got some great responses to the Merrill Lynch report last week (I highly recommend reading the comments) which argued that the Shiller P/E ratio was not useful and that [ … ]