Apr 17

Amazing Story From Japan

Here’s something you don’t see very often: For a day and a half this week, the Japanese government’s benchmark 10-year…

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Apr 9

Welcome to the Currency War, Part 15: Europeans

For the past couple of years the European Central Bank has been the only sane inmate in the asylum. Unfortunately,…

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Apr 8

High-Frequency Trading and the Shrinking Trust Horizon

The list of markets where big players are cheating the rest of us (and each other) keeps growing. First there…

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Apr 1

Debt Makes You Dumb, Japanese Edition

Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your…

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Mar 26

Welcome to the Currency War, Part 14: Russia,

As it tries to punish Russia for the latter’s dismemberment of Ukraine, the West is discovering that the balance of…

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Mar 25

Welcome to the Currency War, Part 13: China’s

It’s amazing how quickly China went from being the world’s savior to its biggest danger. To recap: When the developed world…

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Mar 18

Tangible Versus Financial Assets: The Great Migration

Wealth comes in many forms, but only two general categories: tangible and financial. Tangible wealth is made up of real,…

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Mar 6

Full-Spectrum War, Peak Complexity, and Real Assets

Not so long ago — say when the Soviet Union was crushing rebellions in Czechoslovakia and Hungary in the 1960s…

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Feb 26

China Gold Imports Surge – Or Fall. You

Chinese gold imports are becoming a case study in the power of journalists to control the slant of a story…

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Feb 24

A World of Manipulated Markets

The following is excerpted from The Money Bubble, by James Turk and John Rubino “There are no markets anymore, just interventions.” —…

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Feb 19

What Blows Up First? Part 4: China

To Westerners, China has always been a mystery. The huge population of very smart, hard-working people. The succession of unfamiliar,…

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Feb 7

Bitcoin: Revolution or Trap? Part 2

In 1999 a brilliant, erratic iconoclast named Shawn Parker aimed an arrow at the heart of the recording industry. Called…

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Feb 3

Bitcoin: Revolution or Trap? Part 1

In the Internet’s early days there was general agreement that one of the first killer apps would be some form…

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Jan 28

What Blows Up First? Part 3: Subprime Countries

One of the reasons the rich countries’ excessive money creation hasn’t ignited a generalized inflation is that today’s global economy…

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Jan 14

The Eurozone’s Really Bad 2014, In Two Charts

Headline writers have found some brutal things to say about the eurozone lately. To take just a few of the…

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Jan 9

Deflation Shock Coming? Or QE Euphoria?

Taki Tsaklanos over at GoldSilverWorlds has reprinted a series of charts from Incrementum Lichtenstein that show a reversal in several…

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Jan 7

What Blows Up First? Part 2: Japan

Of all the crazy financial stories of the past year, Japan’s might be the craziest. To recap: For two decades, successive…

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Dec 30

What Blows Up First? Part 1: Europe

2013 was a year in which lots of imbalances built up but none blew up. The US and Japan continued…

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Dec 18

The Private Sector Is Borrowing Again – And

Since at least the 1980s, US policy has been to convince us to borrow as much as possible on pretty…

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