Jul 24

Why We’re Ungovernable, Part 15: Violence Goes Random

This series is based on the premise that debt works the same way for countries as it does for individuals…

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Jul 20

Stay Home, Order Take-Out, And Fondle Your Gold

For an example of how far we’ve fallen from the old days of free-range First World entitlement, consider the fact…

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Jul 16

Great Numbers, Curious Timing

Pretend you’re running a corrupt government and something big and scary happens in another part of the world. Brexit, for…

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Jul 13

“Soon” And “Really, Really Crazy”: Starting Up The

As the abject failures of the past few years’ monetary experiments became apparent, it was clear that something else would…

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Jul 10

2007 All Over Again, Part 5: Banking Crisis

Our good friend Michael Pollaro just sent a chart from the St. Louis Fed that shows the US drifting back…

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Jul 6

Can You Imagine The Fed Raising Interest Rates

Two short months ago it was generally expected that US interest rates would rise for the balance of the year…

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Jul 3

Something Huge Is Coming From Japan

Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of…

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Jun 27

Brexit’s Big Loser? Japan

One of the first results of Britain’s voting to leave the European Union was a sharply lower pound. Which means…

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Jun 24

A Tale Of Two Asset Classes: Gold Miners

The following tables illustrate the dilemma of mainstream money management. The vast majority of legitimate financial advisors and portfolio managers…

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Jun 24

Will The European Union Just Dissolve?

Now the real fun begins. Last night Britons voted to leave the European Union, sending shock waves around the world —…

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Jun 23

A New Balance Of Power In The Gold

Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better —…

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Jun 19

Brexit Rules The Week

The Brexit vote is this Thursday, so nothing else matters until then. And polls, just to make it even more…

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Jun 15

Will Brexit Give The US Negative Interest Rates?

One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here.…

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Jun 10

Big Names Bailing

The list of heavy hitters who are saying bad things about this world and its financial markets — while acting…

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Jun 9

Unintended Consequences, Part 3: “How Do I Get

The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers…

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Jun 6

Major Libertarian Victory Coming In November

No, not the presidential election. That’s a libertarian nightmare no matter how you slice it. But on that same day, California…

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Jun 2

Junior Precious Metals Miners: Go With Who You

The first few months of this year gave a little taste of what’s to come for the junior precious metals…

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May 29

Trickle-Down Crash? Trophy Assets Suddenly Tanking

One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big…

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May 27

Unintended Consequences, Part 2: Easy Money = Overcapacity

It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel,…

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