Apr 16

Austerity In Spain? Where? Public Debt Threatens to

EL Pais reports Spanish Public Debt Threatens to Exceed 100% of GDP in 2014 Via translation General government debt accumulated through February…

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Apr 15

Specter of Civil War; Putin’s Army Hiding –

Today the government of Ukraine moved with force against the separatists, evoking a Specter of Civil War. Ukraine unleashed an offensive…

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Apr 14

Pro-Russia Separatists Defy Ukraine Deadline; Russia Promises to

There is no sign of tension easing in the Ukraine today. Russia promises to protect the protesters from violence as…

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Apr 13

State Department Cannot Account for Billions of Contracts;

The state department cannot account for $6 billion in paid bills. The contracts are missing. Did the contracts even exit?…

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Apr 12

Armed Men Seize Police Station in Slavyansk; Ukraine

The crisis in Ukraine took a turn for the worse this weekend. Many distinct events are in play. Here are…

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Apr 11

JPMorgan Earnings Drop 18.5%; Slowdown in Housing the

Stocks have been soaring mostly on investor sentiment. That sentiment was partially based on the belief earnings would continue to…

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Apr 10

Putin Sends Letter to 18 Countries Threatening to

The pipeline of natural gas to Ukraine and Europe is on the verge of shutdown this morning. Putin sent letters…

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Apr 9

“Fixed Income Only Positive Return Asset Class in

I don't believe the growth estimates of the IMF and neither does Steen Jakobsen, Chief Economist of Saxo Bank. Steen goes…

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Apr 8

IMF Upbeat on US and Global Growth, Steen

In a 204 page IMF Report on World Economic Economic Outlook the IMF predicts 3.0 percent US growth in 2014,…

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Apr 7

US Treasury Warns China Over Yuan Depreciation; Treasury

In yet another case of blatant US hypocrisy, Bloomberg reports U.S. Treasury Warns Against China Reviving Yuan Controls. A backtracking by…

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Apr 5

Australia’s House Prices ‘Flashing Red’, Debt to Income

Australia's housing bubble is back in full swing. Prices rose almost 11 percent over the past year to record levels…

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Apr 3

China Sees Sharpest Contraction of Output Since November

It's a mixed bag in Asia, but all things considered an overall weak one. Let's take a look at the…

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Mar 31

Damn the Bubbles, More Printing Ahead; Property Bubbles

Damn the Bubbles, More Printing Ahead Fed Chair Janet Yellen was tooting her own horn today. Yahoo! Finance reports Yellen strongly…

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Mar 30

China Accelerates Bad Debt Writeoffs; Reflections on “Policies

Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result…

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Mar 29

Reader Question on Banking System Insolvency, QE, and

In response to Will Prices Rise Significantly When Velocity of Money Picks Up? reader Dave, a friend, noted that as…

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Mar 28

Are You Minding the Curves? Sweet Spot is

Curve Watcher's Anonymous has its eye on the yield curve again. Over the course of the last year, and except for…

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Mar 27

Turkey Plans Military Intervention in Syria, Bans YouTube

Turkey is threatening military intervention in Syria. A leaked recording proves it. In response, an angry Turkish Government Banned YouTube. The…

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Mar 26

Lithuania pleads to US Senate for Gas Exports,

About the only good coming out of ridiculous tit-for-tat sanctions on Russia is the possibility of revised US energy policy,…

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Mar 25

IRS Clarifies Bitcoin as Property Not a Currency;

Today the IRS further legitimized bitcoin simply by issuing a ruling bitcoin is property not currency. In some respects this was…

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