⛏ QE Is Coming

QE Is Coming: The 2008 Roots Of Fed Dominance
Here we go again. The overnight funding markets are showing signs of stress, and the scent of QE is in the air. The question everyone should be asking is: why have the capital markets become so reliant on the Fed’s liquidity? The answer goes back to the 2008 financial crisis. Read on »

The Energy Trade-Off
The American economist Thomas Sowell famously said that, in life, “there are no solutions, only trade-offs”. While this is undeniably true of most economic choices (i.e. tariffs typically benefit some producers and hurt most consumers), it seems especially true of energy-policy decisions. In recent years, Western policy makers have tended to impose ever increasing restrictions on the broader carbon industry in the name of fighting climate change. Read on »

1,000-ton gold reserve that’s accessible for mining discovered in China
Chinese geologists report that they’ve found a potentially large gold deposit in the Kunlun Mountains in the Xinjiang Uyghur Autonomous Region. According to reports, the new deposit could yield well over 1,000 tons of gold, if proven. The new deposit is described as a belt of scattered veins and not one large gold deposit. The discovery is still at a very early stage, and is considered more of a potential load of gold rather than a reserve at this stage. Read on »