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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Mar 31

Imploding Pensions Take The Rest Of US Down

It’s the same story pretty much everywhere: Cities and states promised ridiculously generous (by today’s standards) pensions to teachers, cops…

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Mar 30

2007 All Over Again, Part 4: “We Are

In that deservedly-famous 2006 CNBC debate between Peter Schiff and economist Arthur Laffer (in which the latter manages to be…

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Mar 27

How Stupid Do You Have To Be To

Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that…

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Mar 25

Bad — But Better Than What’s Coming

Talk about diminished expectations. This morning’s estimate of 1.4% Q4 GDP growth is being hailed as a pleasant surprise. Which…

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Mar 23

NIRP Is Absolutely Crushing Big Parts Of The

Savers are the obvious victims of the past few years’ plunge in interest rates. But there are other casualties, including…

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Mar 21

Here We Go Again: Government Ramps Up Borrowing

This morning, US existing home sales plunged and the Chicago Fed’s national activity index turned negative. Both are obvious signs…

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Mar 18

Well That Didn’t Work

The Bank of Japan and European Central Bank eased recently, which is to say they stepped up their bond buying…

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Mar 17

Is This The Debt Jubilee?

Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero,…

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