Tag: biiwii.blogspot.com

"Political, Economic Potholes Along the Yellow Brick Road"

Posted on by The INO.com Team

MarketWatch has a piece today on the recent headline making noise out of the GOP about a return to the gold standard.

GOP's Gold Standard Idea Isn't Likely to Shine

"The gold standard, it is argued, would foster economic stability and prosperity, primarily by creating price stability, fixed exchange rates and placing limits government deficit spending as well as trade imbalances. It would also limit credit-driven boom/bust cycles through constraints on the supply of money."

Yes, absolutely.

"Opponents argue that the gold standard would limit the flexibility of governments and central banks in managing economies, restricting the ability to adjust money supply, government budgets and exchange rates. Opponents also point to the inflexibility of the gold standard, which may have contributed to the severity and length of the Great Depression." Continue reading ""Political, Economic Potholes Along the Yellow Brick Road"" →

Gold's Road to Nowhere

Posted on by The INO.com Team

From 'Road to Nowhere' by the Talking Heads:

We're on a road to nowhere come on inside. Takin' that ride to nowhere we'll take that ride. Maybe you wonder where you are I don't care. Here is where time is on our side  take you there.

From the US Federal Reserve's website and the sub-section The Federal Reserve's Response to the Crisis: Continue reading "Gold's Road to Nowhere" →

Deflation: As Good As Gold?

Posted on by The INO.com Team

By Gary Tanashian

It has been a year since gold began its downward biased consolidation out of the acute phase of the Euro meltdown and resulting hysteria.  In that time, the deflation case was released from the jail that had been a heightened public fear of inflation (the pinnacle of which was in spring of 2011, a time when bond king Bill Gross was very famously short long-term US Treasury bonds). Continue reading "Deflation: As Good As Gold?" →

Quick Take on USD

Posted on by The INO.com Team

Global rally potential is all about arresting the deflation case for a counter trend expression of bullishness. Some of my inflationist friends will disagree, but I believe that the deflationary condition is the dominant backdrop (periodically fought by inflationary policy making) and that the admittedly valueless USD can see future upside.

There will be plenty more to write on this as the herds hiding in USD begin to come out and play with the asset market bulls. Because as usual, we’ll begin highlighting what might come next well ahead of time. Continue reading "Quick Take on USD" →

Just another simple chart of a monetary relic

Posted on by The INO.com Team

I see analysis popping up out there refuting the bearish Descending Triangle view and in my opinion that is with good reason; it looks a lot more like a massive consolidation of previous bullishness than a topping pattern.

However, a common theme seems to be some kind of static about a QE3 'Super Sunday' (don't hold your breath) or some such noise and gold's imminent and preordained blast off, never to return to current levels as the 'banksters' take it higher and higher.

A theme seems to be that now is the time to be bullish but I have also read within the same theme that we cannot be sure that the 'banksters' will not crash gold through support first, to totally eliminate the little guy before bringing it higher. Continue reading "Just another simple chart of a monetary relic" →