This odd result has created what I think is one of the more amusing equilibriums in monetary politics. Hard money types would like nothing more than to see their favorite asset, gold, revalued. But they don’t actively pursue the idea because of the expansionary effects a revaluation would have on the Fed’s balance sheet. Easy money types would like nothing more than to see the government get billions in free cash, but don’t like the idea of the barbaric metal getting a leg up. The upshot is that gold stays valued at its archaic price of $42.22.
East and West, Fed and inflation, QE, You and your tax return, Canada, China, Renminbi, Egypt and Iran, Spain, Demographics.
Treasuries flow, ECRI, EMratio, Wages, Schiff, China, Cigarette tax, CalPERS, Yen flows.
**The video should now be available on mobile phones (and things~!?)**
Inside Job, Fed policy, Liquidity, World stock markets, China, UK austerity, Is raising the minimum wage a good idea~?