Feb 8

2007 All Over Again, Part 3: Banks Starting

So far, each financial crisis in the series that began with the junk bond bubble of 1989 has been noticeably…

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Feb 5

The Bear Is At The Door, Part 1:

One of the common transitions that bull markets go through as they age and die is a narrowing of leadership.…

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Feb 4

Bad Numbers And Dark Prophecies: Almost Everybody’s Cutting

The drumbeat of bad (and sometimes just plain weird) news has risen lately — but today’s batch stands out. Here’s…

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Feb 3

This Is Really Bad For Banks

Once upon a time, falling interest rates were great for banks. A lower cost of capital gave lenders access to…

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Feb 2

Epic Battle: Hedge Funds Versus China

George Soros’ successful bet against the British pound back in 1992 remains one of financial history’s epic tales. The short version…

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Feb 1

Atlanta Fed Sees Far Weaker Than Expected Q1

Another Monday, another set of “surprisingly” bad economic numbers. A few representative headlines: China manufacturing prices decline for 18th straight…

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Jan 30

Welcome To The Currency War, Part 21: Japan

Well that didn’t take long. Two weeks of falling share prices and the European and Japanese central banks caved. First…

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Jan 28

When It Rains It Pours, Part 1: What

If 2015 was a year Brazil would like to forget, 2016 is doing its best to make that happen. But,…

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Jan 27

The End Is Near, Part 8: Apple’s Revenue

One by one the pillars of the recovery are toppling. Last year the Chinese infrastructure party ended and the shale…

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Jan 25

Why We’re Ungovernable, Part 12: Trump Is No

Republican party insiders expected The Donald to have his 15 minutes and then, when the reality of what President Trump…

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Jan 22

Chronicle Of A Debt Foretold

Critics of today’s fiat currency/fractional reserve banking world have (for what seems like forever) made the common sense point that…

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Jan 19

Why Are We Still Paying Attention To Chinese

A few years ago, economist Nouriel Roubini was explaining to a reporter why Chinese economic data couldn’t be trusted. He…

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Jan 15

Another Atrocious Week Goes Out With A Bang

On days when lots of financial numbers are released, the normal pattern is for some to point one way and…

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Jan 14

Fed Starts To Walk Back Its Rate Hike.

That didn’t take long. A month after the Fed’s dreaded quarter-point interest rate hike, the markets tank and out come…

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Jan 14

Huge Miner Bankruptcies Possible Soon; Great News For

The commodities bust may be about to claim some brand-name victims: Freeport-McMoRan Inc: The Hits Just Keep Coming Freeport-McMoRan (NYSE:FCX) is off…

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Jan 13

DeFANGed

Yesterday’s bulletproof stocks, led by the FANGs (Facebook, Amazon, Netflix and Google), are getting whacked today. Amazon is down 100…

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Jan 12

What Blows Up Next? Part 2: Pension Funds

Faced with spiking volatility in pretty much every market, it’s natural and reasonable to sell some risky assets and hide…

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Jan 10

This Is What Gold Does In A Currency

As China’s leaders figure out that pegging the yuan to the dollar while quintupling their debt in five years was…

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Jan 7

Perfect Storm!

One of the (many) fascinating things about this latest global financial crisis is that there’s no single catalyst. Unlike 2008…

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