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January 5, 2018 | Canadian Dollar Above 80 Cents US for the Right Reasons

The monthly publication for financial institutions was started in January 1982. This competently covers the stock market, the yield curve, credit spreads as well as metal and energy prices. Bob, as chief financial strategist, writes the weekly overview - Pivotal Events

The Hoax of Carbon Taxes

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Archives January 5th, 2018

Posted In: HoweStreet.com Radio

2 Comments

  • Tony Veiga says:

    I had a business proposition for Bob in which we would bottle air and get Western governments to pay us handsomely for doing it but during the course of my research I discovered that other companies and governments already had done it. It is called carbon sequestering and carbon taxing. I will try to come up with another idea Involving pet animals and/or human babies. The general population and its’ government leaders always are suckers for those.

  • Norman Heubeck says:

    Hi Bob,

    I have enjoyed your interviews on Howe Street. As a market historian, are you impressed by the comparison of Fed’s actions in the late 1920’s and their present policies?

    Benjamin Strong, governor of the Federal Reserve Bank of New York from its inception to his death in 1928, consistently and repeatedly used his power to force an inflationary increase of money and bank credit in the American economy. His policies stimulated disastrous booms in the stock and real estate markets. In 1927, Strong gaily told a French central banker that he was going to give “a little coup de whiskey to the stock market.” These policies resulted in a stock market bubble and the resulting crash and depression.

    Apparently, Yellen and her merry cohorts of money printers have no historical appreciation of the Fed’s previous disastrous policies. The have changed the name from coup de whiskey to quantitative easing, but the result is the same – an increase in money supply and credit, and of course a boom in stock markets and real estate. Possibly, Yellen never read how those policies turned out.

    You have touched on Strong’s policies in the past. History may not be repeating here, but it seems to rhyming like crazy.

    Norman Heubeck
    Florida

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