Author Archives: Jesse

Guest Post: Front Running the Fed

Served by Jesse from Le Café Américain I had a friend from the old neighborhood who was the Comptroller of a major casino in Las Vegas in 1970-80s, where I also was married in 1981. Only lasting win from there, ever. According to this dour son of Italy the way he could spot a problem, […]

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Guest Post: Gold Is Rallying Because…

Served by Jesse of Le Café Américain Gold is a superior store of value. It resists the attempts by the monetary authorities to debase it, because except for concerted attempts to suppress its price through non-profitseeking selling at key market points by central banks, and naked short selling by the global commercial banks in the […]

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Guest Post: Do Ben and Tim = Thelma and Louise?

Served by Jesse of Le Café Américain One cannot help but note that Team Obama is trying to derail serious proposals regarding financial reform for Wall Street at the G20 meeting, as we suggested they would. The concerns raised by US revelations at the G20 today about new intelligence regarding Iran’s secret underground nuclear facility […]

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Guest Post: A Plunge in Foreign Net Capital Inflows Preceded the Break in US Financial Markets

Served by Jesse of Le Café Américain The peak of foreign capital inflows into the US was clearly seen in the second quarter of 2007, just before the crisis in the US that has rocked its banking system and driven it deeply into recession. Are the two events connected? Had the US become a Ponzi […]

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Guest Post: When At First You Don’t Succeed, Bring In the Reserves

Served by Jesse of Le Café Américain Someone asked why Bernanke seemed so positive about the US recovery, and what he would do if his prediction turned out to be incorrect. The first answer is rather straightforward. He is ‘jawboning’ or trying to increase confidence in the system to motivate businesses to spend and consumers […]

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Guest Post: Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong

Served by Jesse of Le Café Américain US Personal Income has taken its worst annual decline since 1950. This is why it is an improbable fantasy to think that the consumer will be able to pull this economy out of recession using the normal ‘print and trickle down’ approach. In the 1950′s the solution was […]

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