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Ira Stoll at futureofcapitalism.com has a post up about the $102 billion bet being made on higher prices for gold and silver.
By | Mon, 7 Feb 2011 at 5:08 PM | Permalink
If “banking behemonths must have plans at the ready to dissolve themselves, rather than have the taxpayers pay to wind them up,” as per the Dodd-Frank reform legislation, what, asks the latest number of Grant’s Interest Rate Observer, about the Fed? Grant’s’s lede item in its October 1 issue is a wonderful discussion of this question. Hint: The headline is “Ron Paul for Executor.”
By Seth Lipsky | Fri, 1 Oct 2010 at 2:27 PM | Permalink
The New York Sun's editorial “$4,000 Gold” deserves a caveat, in the view of Futureofcapitalism.com. The editorial, which is about a prediction of hedge fund multibillionaire John Paulson that the dollar could fall to a 4,000th of an ounce of gold, “leaves out the possibility that Mr. Paulson is talking his book, that is, that he's running around saying these sorts of things in part because he hopes that people will listen to him and buy more gold, therefore driving up the price of assets that he already owns. You can call it reflexivity or a self-fulfilling prophecy or whatever you want, but it takes the issue somewhat down from the level of ‘the drama of political economy’ that the Sun editorial refers to.”
By Seth Lipsky | Fri, 1 Oct 2010 at 2:14 PM | Permalink
Lawful Money Archive
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