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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Feb 4

Apparently You Can’t Just Surrender In a Currency

Two weeks ago Switzerland abruptly decided that it couldn’t keep buying billions of euros every month just to maintain a…

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Feb 3

This Is What Gold Does In A Currency

Australia just fired a serious shot in the currency war by cutting its overnight lending rate to a record-low 2.25%. With…

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Feb 1

What Comes After Paper Money, Part 1: Fiat’s

Business Insider just posted a Deutsche Bank chart that illustrates the difference between life under the Classical Gold Standard and…

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Jan 28

This Is What It Means To Lose A

The term gets tossed around a lot, but the meaning and consequences of a “currency war” aren’t intuitively clear to…

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Jan 23

This Is What Gold Does In A Currency

Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded…

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Jan 18

Can You Just Surrender In A Currency War?

Switzerland, as everyone knows by now, has slipped out the back door of the drunken orgy that is the modern…

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Jan 13

Suddenly, Not A Bad Environment For Gold Miners

A few years ago (when the world was very different) veteran mining analyst Jay Taylor told me something that seemed…

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Jan 7

Germany Caves On Greek Debt; Italy Takes Note

Global financial markets breathed a sigh of relief today on news that Germany might cut Greece some slack after the…

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Jan 6

Citi: No Longer the Dumbest Bank — Now

Back in December there was a flurry of press around the passage of a banking bill that was 1) reportedly…

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