Economics

Bernanke Confessing QE Tapering Impossible
Published by Philippe Herlin | Sep 26, 2013 | Articles

Last Thursday, there was quite a surprise : contrary to what the majority of market participants were anticipating, Ben Bernanke decided not to taper his QE (quantitative easing). Thus, $85B a month is still being created by the Fed to keep buying $45B of federal debt and $40B of mortgage-backed securities. Markets have been caught wrong-footed.

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What If the Money Printing Presses Were Poised to Run Faster?
Published by Philippe Herlin | Sep 12, 2013 | Articles

The general feeling, or « sentiment », is leaning toward a tapering of money printing by the large Western central banks, due in part to the official statements of the Fed indicating it might taper its quantitative easing (QE). For now, it’s just an hypothesis invoked by its Chairman, Ben Bernanke, but it was enough to rattle the markets, notably with the outflow of funds from emerging countries, which is putting much downward pressure on their currencies.

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A World Based on Debt, Europe a Hopeless Case, US Debt Will Sink the World
Published by Egon Von Greyerz | Sep 11, 2013 | Articles

We are now back to the “green shoots” era of false hope and total misunderstanding of the real state of the world economy. There are minor tidbits of good news that combined with manipulated and seasonally adjusted economic figures are giving politicians worldwide reason for spreading their optimistic gospel of recovery that has nothing to do with reality.

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Schizophrenia
Published by Philippe Herlin | Aug 8, 2013 | Articles

There is no recovery. But, since the mainstream media and the governments keep repeating it over and over again and since we prefer believing good news than bad news, a majority of people believe in this so-called recovery. This is why the stock market is up and gold is down.

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