Free Republic

Bernanke Cancels Jackson Hole Appearance Four Months Out Due To 'Personal Scheduling Conflict' Matthew BoeslerApril 22, 2013 Federal Reserve Chairman Ben Bernanke won't be attending the annual Jackson Hole Economic Policy Symposium in August due to a "personal scheduling conflict." The event, held by the Kansas City Fed every summer in Jackson Hole, Wyoming, usually features a keynote speech from the Chairman of the Fed. In recent years since the financial crisis of 2008, the speech has been used to signal important monetary policy shifts as the Fed has experimented with unconventional monetary policy tools. As MNI's Steven Beckner points...

Gold Is On A Tear Today Joe WeisenthalApril 22, 2013 After getting its butt kicked last week, gold is bouncing back a bit. It's up over 2% today, surging to above $1430/oz. At one point last week it was in the low $1300s.

Gold Price Forecast Drop Target $787.40 Commodities / Gold and Silver 2013April 21, 2013 - 04:00 PM GMT By: Brian Bloom The unemotional 5% X 3 box reversal P&F chart below (courtesy stockcharts.com) shows a measured move target for gold at $787.40. No time horizon is capable of being forecast. Too few understand that: · the Fed’s purchases of existing government debt does not add to the money supply and, therefore, it is not inflationary. (I read a scathing “expose” of Dr Bernanke’s stupidity and it was clear that the person attacking him did not understand the bookkeeping entries. )...

...“One cannot question the genuineness of Jefferson’s liberal dreams,” writes historian David Brion Davis. “He was one of the first statesmen in any part of the world to advocate concrete measures for restricting and eradicating Negro slavery.” But in the 1790s, Davis continues, “the most remarkable thing about Jefferson’s stand on slavery is his immense silence.” And later, Davis finds, Jefferson’s emancipation efforts “virtually ceased.” Somewhere in a short span of years during the 1780s and into the early 1790s, a transformation came over Jefferson. The very existence of slavery in the era of the American Revolution presents a paradox,...

<p>The biggest problem with the U.S. economy right now is that it is so utterly boring.</p> <p>Animal spirits? Yeah, if the animal is a tree sloth. Nothing out there moves. The stock market is said to be in its "trading range." So are the New York Mets. You begin to feel like the fat, sweaty guy that Orson Welles played in some desolate border town, suit soaked through, mopping off the intense heat in a day going nowhere. We gotta get out of this place.</p>