Central Bank | Dreams From My Forefathers

My First Earthquake

I was working on a project that had me staying at my brother’s place in Canyon Country north of LA back in the mid 90’s. One morning I came out to my truck to get in and head off to a jobsite. Just as I reached the truck it started wobbling. It was an older truck with worn out springs and it looked to me like one of the neighborhood kids was perhaps crouched on the other side of the truck shaking it as a joke. I had seen and talked to a few of the kids around that time of morning as they waited for a school bus so I assumed that was what it was. Before I could say anything the earth under [...]

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The Next BubbleThe Next Bubble

Image via Wikipedia

Did you ever wonder what a bubble looks like before it is filled?

This is the perfect opportunity to see one. The FED is in talks to sell assets to your mutual fund manager for later repurchase by the FED. If you have money in a mutual fund you are getting ready to buy FED assets in a huge way. Since the number of people and countries willing to buy US debt is falling they have to find some way to continue selling FED securities. In this case in the name of removing an excess of liquidity caused by an excess of ink and paper being FED into a printing press.

Chairman Ben S. Bernanke yesterday charted ways the Fed might [...]

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My First Earthquake

The Next BubbleThe Next Bubble