Jul 31

QE Fails In Japan: Inflation Nonexistent, Consumer Spending

After nearly three decades of stagnation, Japan in 2013 went all-in, ordering its central bank, the Bank of Japan, to…

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Jul 30

Fed To Markets: You’re STILL Too Easy To

These days no matter what the Federal Reserve actually says, the markets respond like dogs sensing a piece of bacon…

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Jul 27

China: Major Devaluation Coming

The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up…

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Jul 24

Central Banks Ready To Panic — Again

Less than a decade after a housing/derivatives bubble nearly wiped out the global financial system, a new and much bigger…

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Jul 23

What Blows Up Next? Part 1: Resource-Based Economies

The Great Recession and its aftermath was actually the best of times for countries with natural resources to sell. The…

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Jul 21

Does A Commodities Crash Mean Global Depression, Mass-Devaluation

First, precious metals peaked and began drifting lower. Then copper fell, oil plunged and it became obvious that these weren’t…

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Jul 20

Are Gold Investors Finally Capitulating?

Sprott Asset Management’s Rick Rule is one of the smartest guys in the resource investing world — and one of…

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Jul 19

Was Greece Always Part Of The Plan?

Since its inception, critics of the eurozone have been pointing to its incomplete nature — everyone uses the same money…

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Jul 17

Why Pensions Are A (Big) Black Swan

When talk turns to what might derail today’s debt-driven “recovery,” the big names and easy stories get most of the…

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Jul 16

The Only Thing Growing Is Debt

The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint…

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Jul 13

Greece Holds Out, Wins Even Worse Deal

The hostile takeover is almost complete. On Sunday Greece agreed not just to Germany’s original demands, but to even more: (Bloomberg)…

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Jul 9

Greece Enters Its Crack-Up Boom

The Austrian School of economics has a concept called a “crack-up boom” in which a critical mass of people conclude…

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Jul 7

Can You Imagine The Fed Raising Rates In

$1.4 trillion of Chinese stocks have stopped trading. Greece is finally imploding. The US trade deficit is widening on falling…

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Jul 6

Another Fun Monday

Last week began with crosscurrents that made it hard to predict. See On Monday, It’s China Versus Greece. This week is…

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Jul 2

What If You Had An Italian Bank Account?

Though it might yet drag on for weeks, months or even years, Greece’s drama can end in one of only…

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Jun 28

On Monday, It’s China Versus Greece

Fear and greed are both getting a serious workout lately, but Monday will be even more fun than usual because…

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Jun 25

Another Week, Another Chinese Gold Mine

Though the true amounts are debatable, it’s generally conceded that China is importing a lot of gold. What’s not included in…

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Jun 24

Housing Recovery? Nah, It’s Just Spiking Mortgage Rates

This morning saw two very strong housing reports: First-time buyers lift U.S. home sales to 5-1/2-year high WASHINGTON (Reuters) – U.S. home…

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Jun 19

Is The Fake Recovery Becoming Real? And Would

The homebuilders are happy. US retail sales are up. Even France is “turning the corner.” And now the Atlanta Fed, which…

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