The National Debt – A Few Comments

In August, I wrote an article titled “America’s Trojan Horse” which can be found listed along the right-side of the homepage as well as at this link: https://www.economicgreenfield.com/americas-trojan-horse/ This article had to do with various facets of our national debt, many unexplored.  Here is an excerpt that I would like to further comment upon: “The first … Read moreThe National Debt – A Few Comments

misc. note

Just a quick note with regard to navigating this website… First, for those unaware, at any point one can click on the “Economic Greenfield” title (within the green) at the top of the page to return to the homepage. Second, I have also added the following at the end of each new blog post: back … Read moremisc. note

Investment Frauds

In June I wrote a post about investment frauds.  That post can be found here: https://www.economicgreenfield.com/2009/06/29/more-madoffs/ Since that June post, there have been a number of investment frauds uncovered.  Of course, none have rivaled the size of Madoff’s; however, they haven’t been small either. Perhaps the most disconcerting aspect of these frauds is that most … Read moreInvestment Frauds

“Underwater Mortgages” Statistics

Yesterday The Wall Street Journal published an article titled “One in Four Borrowers Is Underwater.” The story contains a variety of statistics with regard to homeowner equity and home ownership issues.  It gives a good overview of the situation, and this facet of the residential real estate situation is not pretty.  As the headline states, 23% of all … Read more“Underwater Mortgages” Statistics

Ron Paul On The U.S. Dollar

One of the facts that Ron Paul frequently quotes is that since the Federal Reserve’s inception (it was created in 1913) the U.S. Dollar has lost more than 95% of its purchasing power. I wonder how many people are actually concerned by this occurrence?  I hardly ever hear this discussed among people or by the media. They … Read moreRon Paul On The U.S. Dollar

Two Notable Developments

I would like to highlight two notable developments that have lately arisen. Both have to do with interest rates on short-term US Government securities – the 3-month bill and 2-year note. First, a chart of each of these securities’ yields.  Shown is a daily chart from January 2008 to the present, in LOG scale to show detail:      Charts Courtesy … Read moreTwo Notable Developments

Is Gold Experiencing A Bubble?

One of the questions that frequently arises with Gold’s recent strong performance is “Is Gold in a bubble?” Before I make some comments concerning this question, here is a long-term monthly chart of Gold for reference: Chart Courtesy of StockCharts.com   Anytime a security acts as strongly as Gold has, it is natural to suspect … Read moreIs Gold Experiencing A Bubble?

Interesting Comments From Liu Mingkang

Here is a link to a November 16 Wall Street Journal article titled “China’s Blunt Talk for Obama”: http://online.wsj.com/article/SB125826103009548975.html I found this to be particularly interesting: “Liu Mingkang, chairman of the China Banking Regulatory Commission, said that a weak U.S. dollar and low U.S. interest rates had led to “massive speculation” that was inflating asset … Read moreInteresting Comments From Liu Mingkang

Ben Bernanke On Unemployment

Ben Bernanke gave a speech on Monday at the Economic Club of New York.  Here is the link: http://www.federalreserve.gov/newsevents/speech/bernanke20091116a.htm I found his comments on unemployment to be noteworthy:  Here are some excerpts: “In addition to constrained bank lending, a second area of great concern is the job market. Since December 2007, the U.S. economy has … Read moreBen Bernanke On Unemployment