Jan 27

Swiss Franc Yield Curve Negative for 12 Years;

The casualties continue to pile up in the wake of the Swiss National Bank dropping its peg to the euro. (See…

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Jan 26

US Corporations Take Huge Losses on Venezuelan Currency

When black markets in currencies develop, you can be 100% sure the official exchange rate is overinflated. In Venezuela, the fixed…

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Jan 25

Syriza Trounces New Democracy; Greeks Stop Paying Taxes;

As late as yesterday I read numerous mainstream media reports that Syriza would win by three to five percent and…

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Jan 24

Attack on Mariupol Begins; 7,000-8,000 Ukrainian Forces Nearly

Yesterday, DNR (Donetsk People's Republic) president Alexander Zakharchenko issued this statement on a ceasefire: "There will no longer be any attempts…

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Jan 23

Rebels Advance Towards Mariupol; 15,000 Ukraine Troops Risk

Kiev Lies Pile Up Major advances were made by rebels in the last couple of weeks. A claim made by Kiev…

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Jan 22

China Manufacturing Flat-Lining In Slight Contraction

Its pretty much the status quo for the HSBC Flash China Manufacturing PMI report. Key Points Flash China Manufacturing PMI at 49.8…

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Jan 21

Canadian Recession Coming Up: Yield Curve Inverts Following

Currency wars pick up steam today with still more unexpected central bank actions. Please consider Canadian Central Bank Unexpectedly Lowers…

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Jan 20

Forced Conscription: Ukraine to Mobilize 200,000 Armed Forces;

The war in Ukraine is going so well for Kiev that .... Ukraine will force 200,000 more into the army. According…

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Jan 19

Race for Negative 30-Year Yields Underway, Swiss In

As of the end of Monday January 19, 2015, European 10-year yields are as follows: Germany 10-Year bond yields 0.441% France 10-Year…

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Jan 18

Graves Waiting For Bodies: Major War Escalation in

We regret having to interrupt feel-good weekend articles with more sobering news. In Ukraine, major battles have broken out over…

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Jan 17

Quote of the Day: “Currencies Don’t Move Much.

While researching material for an article on winners and loses in the record Swiss franc move, I came across this…

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Jan 16

Is Faith in Central Bankers Ending? Disinflation or

Is Gold Tracking Anything? Numerous people reported last year that the Yen/Dollar (JPY/USD) pair and gold were moving in a direct…

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Jan 15

Contagion Catch 22; Finland Opposes Greece Bailout Deal;

Alexis Tsipras, head of the Greek radical-left party Syriza, currently in the lead in national elections, wants a new bailout…

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Jan 14

Retail Sales Post Huge Downward Surprise; Lower GDP

So much for those allegedly strong Christmas sales. In fact, sales of nearly everything were down in the today's Commerce…

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Jan 13

Oil Collapses to Six-Year Low, Brent Crude Hits

In late 2011, Brent traded with 40% premium to West Texas Intermediate. The spread collapsed to parity in July of…

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Jan 12

China’s Iron Ore Inventories Post Biggest Decline in

China's iron ore inventories have plunged like a rock as has the price of iron ore itself. Bloomberg reports Iron…

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Jan 10

Huge Capital Raising Effort at Spanish Bank Passing

Spanish bank Banco Santander was halted on Thursday, followed by an announcement it would raise capital. When the bank reopened…

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Jan 9

Another Run on Greek Banks Begins; Get Out

In November, Greeks withdrew €220 million from banks. In December, the figure soared to €3 billion. My advice to Greeks is…

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Jan 8

Wading Through Molasses: “Did the Real Economy, Not

I received an interesting question from reader Michael yesterday. Michael asked "Did the Real Economy, Not Counting Government, Expand in…

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