Gold bugs want protection from central bankers who'll debase their currencies. Ironic, isn't it, that nothing is easier for those wily bankers than obliterating the gold market?
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Photographer: Simon Dawson/Bloomberg
Forget Cyprus. Imagine the Fed Selling Gold.
Photographer: Chip Chipman/Bloomberg
Like some of Wall Street's clients, salmon return to their spawning grounds, where they are caught and smoked.
Where Bad Ideas Return to Spawn
A perfect study in Wall Street 's Law of Eternal Return: as Fed buying ends and mortgages slip, property-backed CDOs -- pools of sliced and diced mortgage loans -- are suddenly back.
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Photographer: Gianluca Colla/Bloomberg
In the mortgage bond boom, banks and hedge funds, not homeowners and debtors, stand to gain most.
A Mortgage Bond Boom Isn’t a Housing Recovery
The winners in a Federal effort to keep housing afloat are banks, investors, and a limited group of homeowners. The losers are those who who buy homes expecting they will gain value over the next decades.
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Photographer: Andrew Harrer/Bloomberg
Ben S. Bernanke, chairman of the U.S. Federal Reserve,
All Quiet on the Inflation Front. For Now.
Will the Fed’s policy of bond buying and monetary easing push us into a nightmare spiral of 1970s-era inflation? The Fed’s critics make it sound like the Inflation Dragon is just about to come out of the cave. The markets, on the other hand,...
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