May 24

Gold Mining Buy-Out Binge Coming, And That’s A

This is a good news/bad news story. Say you’re one of the many people who bought junior gold and silver mining…

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May 22

Why We’re Ungovernable, Part 14: Austria’s Two (Formerly)

Austrians went to the polls today to elect a new president. But for the first time in living memory the…

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May 19

Unintended Consequences, Part 1: Easy Money = Overcapacity

Somewhere back in the depths of time the world got the idea that easy money — that is, low interest…

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May 16

How Stupid Do You Have To Be, Part

"Of course there are true copper bottomed mistakes, like spelling the word “rabbit” with three m’s, or wearing a black…

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May 11

Macy’s Crushed By Amazon, Italian Banks Crushed By

This is a tale of changing environments and the organisms that are, as a result, dying off. First, consider the bricks…

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May 9

China Stops Trying To Fool The World; World

Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending…

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May 7

Wall Street Is Falling Off A Cliff, And

For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been…

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May 2

A Currency War Battle That Europe and Japan

The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD…

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Apr 30

Consensus Forming: China Heading Back Into Financial Crisis

China’s historic post-2009 debt binge flew largely under the radar — fooling most observers into thinking the global economy was…

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Apr 29

Negative Interest Rates Claim More Victims. Today It’s

These are shockingly bad times for big banks, especially when you consider that the overall economy is supposed to be…

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Apr 27

With Tech Tanking, Can Anything Save The System?

First it was the banks reporting horrendous numbers — largely, we were told, because of their exposure to recently-cratered energy…

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Apr 25

Interesting Silver Debate: Do Old Indicators Matter Or

For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators…

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Apr 22

Tough Day For Tech Stocks — Tough Year

Coming into this corporate earnings season, everyone seemed to expect disappointment. But they thought it would come from the energy…

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Apr 19

This Is How They Fool Us, China Edition

So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is…

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Apr 18

Is Deutsche Bank’s Gold Manipulation The Main Scam

For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say,…

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Apr 12

Startling Inflation News Illustrates The Failure Of Easy

After three decades of epic deficit spending and three years of extraordinary money creation, Japan’s economy is enjoying a rollicking inflationary…

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Apr 11

Dead Canaries And Disobedient Falcons: Bad Month Coming,

Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year…

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Apr 8

Things We Cannot Say

This sounds like a belated April Fool’s joke, but it’s not. In Germany it’s apparently a crime to offend a…

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Apr 7

Can We Grow Out Of Our Problems If

The rationale for today’s easy money policies is pretty straightforward: Falling interest rates and rising government deficits will counteract the…

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