Mar 24

We’re All Hedge Funds Now, Part 2: Tech

Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try…

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Mar 20

We’re All Hedge Funds Now

As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money…

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Mar 17

We’re Very Disappointed In You!

Another day, another “unexpectedly” bad economic report. Lately it seems like a lot of what US government statisticians say comes…

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Mar 15

Welcome to the Currency War, Part 18: Dollar

The point of competitive devaluation, aka currency war, is that a cheaper currency gives a country several advantages over its…

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Mar 13

Lessons of History, Part 1: Not a Mention

I’m listening to the audio version of George, Nicholas and Wilhelm: Three Royal Cousins and the Road to World War…

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Mar 10

How Low Can The Euro Go? (Or Is

The euro is tanking again, as the ECB starts buying bonds for its long-promised “whatever it takes” QE program. Today’s…

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Mar 8

Aftershocks, Part 1: That Austrian Bank

Sometimes little things are the start of much bigger things. Probably the most famous historical example of this is the…

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Mar 5

What Do These Two Charts Have In Common?

The premise of a currency war is that by devaluing its currency a country is able to sell things overseas…

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Mar 3

Apple’s iWatch and Some Crazy Gold Numbers

As Apple starts selling its new smart watch there are some, well, crazy-sounding predictions circulating about the amounts of gold…

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Feb 25

Another Reason To Worry About The Stock Market

The world is full of “carry trades” these days, and that’s a really bad thing. In general terms, a carry trade…

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Feb 24

Lowest Interest Rates EVER

Business Insider’s Myles Udland just posted a chart, drawn from research by the Bank of England, showing interest rates for…

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Feb 23

Too Many Houses, Not Enough Jobs

oday’s existing home sales reportwas down another 4.9% to an annual rate of 4.82 million units, the lowest in nearly…

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Feb 22

If Debt Was The Problem…

Confounded Interest just posted a nice summary of a McKinsey report on the growth of global debt during what some…

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Feb 21

Who Decides What Is Money?

The following is an edited excerpt from The Money Bubble: What To Do Before It Pops: During a 2011 congressional banking…

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Feb 20

Greece Is Fixed! Oh, Wait…

Minutes ago, eurozone finance ministers announced that they’ve agreed to give Greece four months of breathing room in which…

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Feb 16

Greece Isn’t Really The Problem

The euro’s fatal flaw was always people. The fact that most eurozone countries are at least nominally democratic and keep…

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Feb 13

Gold In A Negative Interest Rate World

Global capital is looking for a place to hide. But after decades of enthusiastic currency creation and financial engineering, there’s…

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Feb 11

Now Watch Denmark

One of the reasons we’ve all heard of George Soros is that back in 1992 he pulled off an epic…

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Feb 5

Why There’s No Political Fix

Tuesday’s markets really liked hearing that Greece’s new “radical-left” leaders had, once in office, backpedalled on their demand for debt…

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