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Some Thoughts on the Fractional Reserve Banking System

Vadim Pokhlebkin — Wed, 01 Jul 2009 05:00:00 ET

Here's an interesting question we've just received at EWI's Message Board: "Dear EWI, as the Madoff hoopla is going full blast today on TV, I would be interested to hear your thoughts on this question: Are today's banks in their vast majority also massive ponzi schemes?" Answering a question like that can be a simple matter of definitions -- so let's give it a shot...

Important Q&As You May Have Been Missing

Vadim Pokhlebkin — Mon, 29 Jun 2009 05:30:00 ET

At EWI's Message Board, readers ask us dozens of questions, daily. We try and answer everyone, and the best Q&As we publish for all to see. Below are our three nominees in the "Best Question" category for the month of June. Enjoy!

Will Deflation Show That the Emperor Has No Helicopter?

Robert Folsom — Mon, 29 Jun 2009 12:00:00 ET

Bernanke's 2002 speech was titled, "Deflation: Making Sure 'It' Doesn't Happen Here." It was a manifesto which spelled out the tools and means of influence the Fed could employ in an anti-deflation policy. Seven years hence, see how Bob Prechter saw it coming seven years ago...

All the Same Market

Jeff Reckseit — Wed, 24 Jun 2009 04:00:00 ET

It’s counter-intuitive to think of stocks, rates, gold, oil, real estate, and commodities, all trending together over time, but that is exactly what these markets have done in recent years...

Steep Yield Curve: Sign of Economic Recovery?

Editorial Staff — Wed, 17 Jun 2009 03:30:00 ET

The recent sell-off in the 30-year US Treasury bond has created a very steep yield curve that, in normal times, would seemingly help stimulate increased borrowing, lending and economic activity. Buttoday’s times are anything but normal. Let's examine what the yield curve is really telling us now.

Is The Recovery In Its Early, or Late Stages?

Nico Isaac — Fri, 12 Jun 2009 05:30:00 ET

After two years of suffering through what has aptly been called "financial hell," many in the mainstream say the torture is finally over. According to them, the fire & brimstone is about to become fortune & boom. Well, in a special "Double" (text + video) issue of the brand-new June 2009 Elliott Wave Theorist, Bob Prechter recognizes a "swift return of all the old beliefs" in a new bull market. His next step is to reveal whether those beliefs are based in fact or fantasy.

(Video) Questions for Robert Prechter: Are Retail Brokerages Heading For Oblivion?

Editorial Staff — Fri, 12 Jun 2009 04:00:00 ET

Robert Prechter answers questions after his May 14 presentation at Bloomberg headquarters in New York for the Market Technicians Association's 2009 Symposium.

Deflation or Inflation? Yield Curve Holds the Answer

Bill Fox, Senior Bonds Analyst — Tue, 09 Jun 2009 01:00:00 ET

The Federal Reserve’s balance sheet has exploded, with total reserve bank assets now standing at $2.079 trillion. This same time last year, total assets stood at $1.181 trillion. Inflation? Yes, the balance sheet is significantly inflated -- but is it inflationary? Not necessarily.

Deflation: Now a European Problem, Too

Bill Fox, Senior Bonds Analyst — Tue, 02 Jun 2009 01:00:00 ET

The winds of deflation are blowing in Europe, and Jean-Claude Trichet, European Central Bank president, is at the helm of the economic ship, desperately hoping to avoid the shoals of policy error. Trichet does not need a GPS unit or navigational charts to see the rocks, because the wreck of the Federal Reserve lies just ahead and is plain enough to see.

The General Motors "Shock" We Saw Coming

Nico Isaac — Wed, 27 May 2009 03:30:00 ET

At exactly 11:59 pm (E.S.T.) on May 26, 2009 General Motors' bondholders rejected an offer to drop an estimated $27 billion in debt claims in exchange for a 10% stake in the company's stock. So, as the clock struck midnight, GM shares turned back into a slumpkin.

As this icon of American manufacturing fails to stave off Chapter 11, many observers are asking: How did GM go from long-time leader and star – to – exemplar of failed business practices and faulty management?