For God’s sake will people stop talking about inflation! Especially you inflation “truthers” who insist the BLS is lying and the actual inflation rate is between 7% and 10%. Those are the sorts of rates we averaged during the Great Inflation of 1965-81.
Base money is just as special as it ever was. Technology changes and post-crisis monetary policy are making financial assets and money indistinguishable. Central banks now need to work in partnership with fiscal authorities. Several economists at the Lindau meeting were severely critical of central banks’ conduct of monetary policy in the light of continuing depression in the US, Japan and much of Europe, and called for greater use of fiscal policy to bring about recovery.
We really ought to consider adopting a whole new monetary regime, NGDPLT. But what if the Fed refuses. What then? Then we are in the world of second best—QE and negative IOR. These are not good policies, but they are less bad than deep depressions or wasteful government spending.
Economist Dr. Scott Sumner and RCW have released their latest report, titled “The Economic Update: The Current Investment Environment.” The report delves into some of the major contributing factors related to the current economic malaise in the United States. Citing issues like the prolonged decline of interest rates nationwide and the country’s lackluster employment growth in recent years, Dr. Sumner’s report provides some valuable insights into the state of the national economy and what it means for investors.
The 1792 Half Disme Donated by Steven Contursi, valued at $250,000, was on display at the ANA Money Show Atlanta. In December 2011, Steven Contursi donated the coin to the ANA museum as his way of giving back to an association that he has always believed in. The ANA’s collection originally featured a 1792 half disme, graded extremely fine, but the coin was stolen from the collection. Steve Contursi donated his 1792 half disme, graded AU58, which was featured at the Atlanta Money Show.
The Chairman of the Certified Collectibles Group thanks supporters and comments on last year's successes
Article from RCW Financial examines the potential impact the end of QE will bring to the US and global markets.
Back in February we warned that gold prices were projected to fall in 2013 & 2014 and we offered possible exit strategies to sell your gold.
Rare Coin Wholesalers (RCW) announced the release of their latest article, "Gold Prices and Inflation Fears." In the article, Dr. Scott Sumner, economist and writer for RCW, claims that the internet is full of commentators predicting high inflation, and they are using that argument to sell gold. He explains that since July 2008 inflation has averaged only about 1.2%, the lowest rate over any similar period since the mid-1950s.
Gold has had its biggest sale by investors on record and its worst start to a year in a quarter century.
