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Inflation not the cause of every price increase

Christopher Galakoutis — Fri, 05 Feb 2010 09:49:00 -0500

Costs continue to go up for the goods and services that Americans consume on a daily basis. While today we can all buy stocks, real estate and fill up our gas tanks with fewer dollars than in 2007 and early 2008, the costs of other items continue to go up. For instance, I just receive...

Beware the Hin-DEBT-burg

Christopher Galakoutis — Wed, 09 Dec 2009 10:27:00 -0500

The following contains excerpts from a commentary made available to MurkyMarkets.com subscribers on December 6, 2009.

A blinding affliction can be seen with the gold bugs. Make reference to a strong dollar and falling gold, and you mus...

Only a new credit bubble (that isn�t coming) staves off deflation

Christopher Galakoutis — Mon, 16 Nov 2009 09:52:00 -0500

The following is an excerpt from a commentary made available to MurkyMarkets.com subscribers on November 6, 2009

The next issue I wanted to write about in this post is this whole notion of ballooning reserves at the Fed, and how we get to hyperinflation if this money were to ever...

Curtain call for Inflationary run

Christopher Galakoutis — Fri, 23 Oct 2009 13:32:00 -0400

The collapse of 2008 occurred because the US was clearly on an unsustainable path of excessive consumption and speculation, financed by credit. Debts are IOU’s with repayment terms, which means debtors must pay interest to creditors; borrowers therefore are on the hook for the princip...

Gold understands that liquidity rallies do not create jobs

Christopher Galakoutis — Thu, 08 Oct 2009 07:22:00 -0400

Outside of minimum wage jobs and Wal-Mart poverty line work, today’s US economy appears unable to create good jobs. If the US economy cannot create new jobs, Americans will be in no position to save and invest for their futures, nor will they have any purchasing power that would boost...

US Economy: Reeling Yes, Collapse No

Christopher Galakoutis — Fri, 24 Jul 2009 11:44:00 -0400

Tens of millions of Americans had to be integrated back into a peacetime economy following World War II. America and its finest companies understood the importance of investing for their collective futures, and by the 1950’s, that social contract and the investment it provided helped...

Gold -- Keeping it Simple

Christopher Galakoutis — Thu, 21 May 2009 11:51:00 -0400

There can be little doubt that the US economy is in uncharted waters. The crash of 2008 and the US government’s response -- and the world’s response, for that matter -- were unprecedented, which means that many of the old rulebooks get thrown out the window.

With...

A Difficult but not Impossible Transition

Christopher Galakoutis — Thu, 12 Feb 2009 09:38:00 -0500

There can be no denying the long history of greatness for America. Whether it be the election to its highest office of a leader who not only flung a long-shut door wide open, but ripped it off its hinges, or an American jetliner crew who safely crash lands a plane onto a frigid New York riv...

Countries must un-peg before they decouple

Christopher Galakoutis — Fri, 30 Jan 2009 14:48:00 -0500

The Wall Street Journal ran a piece today titled: “Right Forecast by Schiff, Wrong Plan?”

Peter Schiff is the pr...

Gold will emerge winner in this Tug of War

Christopher Galakoutis — Fri, 16 Jan 2009 12:44:00 -0500

A Federal Reserve balance sheet that has grown from 900 billion to well over 2 trillion since last fall may be on its way to 10 trillion according to some observers. There is no denying it’s been pedal to the floor in money-printing efforts to restore the credit markets back to health...

What must our Creditors be thinking?

Christopher Galakoutis — Fri, 09 Jan 2009 11:21:00 -0500

I read an article recently about problem gambling. You can’t help but notice all the poker on television these days. Gambling, lotteries, and all forms of speculation become more popular in inflationary times, as more people have difficulty making ends meet. Problem gambli...

Deflation and Decoupling

Christopher Galakoutis — Wed, 03 Dec 2008 10:42:00 -0500

In the panic following the 1929 stock market crash, bank runs led to bank balance sheet contractions and bank failures, which led to money supply contraction and by definition, deflation. “Trust” had become a fleeting ideal in the early 1930’s, and the suspension of the go...

Staying Focused

Christopher Galakoutis — Fri, 21 Nov 2008 10:45:00 -0500

In these trying times it is critical that we remain focused on the big picture and stay true to our convictions; one can always revisit their reasoning and conclusions, like I do, but I would hope that at this stage many of you have done so as well, so that our minds are not treated like a flimsy...

Why would Credit Deflation bring down Gold when Credit Inflation didn�t send it to the moon?

Christopher Galakoutis — Thu, 23 Oct 2008 09:02:00 -0400

I have received many emails from readers about the public article I wrote last week on the issue of the current deflation scare. Those arguing against my position believe the US will not experience in...

Deflation Scare the Perfect Camouflage

Christopher Galakoutis — Fri, 17 Oct 2008 12:48:00 -0400

It is said the market can sniff out prospective problems and price itself accordingly. If so, then someone needs to get this dog some nasal spray, lickedy-split!

The deflation scare currently hovering over the entire market, particularly in the metals and commodities sectors, has be...

Panicking out of Gold is not the answer

Christopher Galakoutis — Tue, 09 Sep 2008 11:00:00 -0400

Watching the US markets, including the dollar, rally of late in light of the stream of horrific economic news, including this past weekend’s announcement of a historic US government bailout of Fannie Mae and Freddie Mac, was sort of like watching Barry Bonds chase down Hank Aaron’s al...

Bernanke receives standing-eight count

Christopher Galakoutis — Fri, 06 Jun 2008 15:48:00 -0400

It is becoming increasingly obvious to everyone that in the world of central bankers there is only one credibility champ.

Federal Reserve chief Ben Bernanke warned about the price pressures caused by a weak dollar and emphasized inflation concerns in a speech on Wednesday, sparking a doll...

World food riots portend trouble for the US dollar

Christopher Galakoutis — Thu, 08 May 2008 00:01:00 -0400

On a trip to Canada recently I couldn’t help but notice the extensive media coverage paid to the worldwide food price inflation, as well as the riots breaking out in many countries over food shortages.

And of course the list of reasons given by the so-called ‘economists’...

Greece at the NATO Summit: Identity theft IS a big deal

Christopher Galakoutis — Wed, 02 Apr 2008 22:54:00 -0400

Every year, millions of Americans have their identities stolen in what has become a booming business, to the tune of about five billion dollars last year for the thieves and fraud artists perpetrating the crime.

Of course those more brash simply come out of the shadows and flaunt their fr...

Gold sees right through 'strong dollar policy'

Christopher Galakoutis — Thu, 13 Mar 2008 00:01:00 -0400

Imagine that, an entire economy built around the ability of the American consumer to borrow and spend money he can never conceivably pay back. A consumer so gorged in debt that he eventually stops making payments on his mortgage, credit cards and others debts, putting an end to the gravy tr...