bernanke

Fed Up With Inflation…

Are You Prepared to Make This Sure Bet? Making predictions is a tricky business. The probability of picking six correct numbers in a 49-ball lottery is one in 10 billion. In a two-horse race you’ve got a one-in-two chance. But…

High Tide for Liquidity

Yesterday we discussed the prospect of the US dollar no longer benefiting from ‘safe-haven’ inflows in times of turmoil. Soon after we read that 78-year-old US hedge fund manager Julian Robertson, who runs the Tiger Funds, wasn’t too impressed with…

Learning From Past Mistakes

Economic figures released in the States overnight show the recovery could be picking up steam. The Institute of Supply Management (ISM) manufacturing index rose to 60.8% in January from 58.5% in December. If the ISM figure is above 50% it…

Why the Fed can’t Fix Unemployment

Recently, the US Federal Reserve downgraded its forecast for 2011 and 2012. Initially many – economists and other people that consider themselves ‘in the know’ – suspected growth would be anywhere between 3.5 – 4.2% for 2011. However, it turns…