Guest Post: Is It Fixable?
Via Simon Black (from 2011 but perfectly relevant) of Sovereign Man blog, In the 15th century, the highest standard of living in the world belonged to China. Places like Nanjing had reached the...
View ArticleItaly Labor Union Predicts Return To Pre-Crisis Employment By 2076
By now it is conventional wisdom that the Italian economy is foundering alongside all other peripheral European nations as a result of a failed artificial currency leading to an inability for external...
View ArticleTime To Get Out? What The Cult Of Bernanke Is Telling Us
Submitted by Tim Staermouse via Sovereign Man blog, It’s always a bit amusing to meet an investor making money in the markets right now who actually thinks it’s because he’s smarter than everyone else....
View ArticlePIMCO’s Bill Gross “Which Way For Bonds?”
Authored by Bill Gross via PIMCO, Why Way For Bonds? Mapping A Path Forward. Q: Can you explain what is happening in markets now? (Read more…)Gross: In 1980, the Federal Reserve, led by Paul Volcker,...
View ArticleFailed Projections Or Just Another Government Lie? You Judge!
Submitted by Michael Lombardi via Acting-Man blog, Not so long ago, the Congressional Budget Office (CBO) said it expected the U.S. government to register a budget deficit in the current fiscal year of...
View ArticleRotting, Decaying And Bankrupt – If You Want To See The Future Of America...
Submitted by Michael Snyder of The Economic Collapse blog, Eventually the money runs out. Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced...
View ArticleItaly Embroiled In Latest Derivative Loss Fiasco Through Another Mario...
It was roughly four years ago when details surrounding such Goldman SPV deals as Titlos first emerged, that it became clear how for over a decade, using deliberately masking transactions such as...
View ArticleItaly’s €8bn Loss! Draghi?
Follow ZeroHedge in Real time on FinancialJuice The Financial Times has revealed that Italy is facing losses of €8 billion due to derivative contracts that were taken out in the 1990s and that were...
View ArticleFrontrunning: June 27
Hilsenrising interest rates Business Feels Pinch of Swift Rate Rise (WSJ) Yellen Betting Defies 100-Year Jinx of Fed No. 2 Never Elevated (BBG) Back to the Future 2 is finally coming: Honda Sees...
View ArticleThe Fed Is Now Taking Over The Entire Treasury Market 20 bps Per Week
Yesterday the Fed released its latest balance sheet data: at $3,478,672,000,000, the Fed’s assets reached a new all time high of course, up $8 billion from the prior week and up $615 billion from last...
View ArticleKey Events And Market Issues In The Coming Week
A busy week, with a bevy of significant data releases, starting with the already reported PMIs out of China and Europe (as well as unemployment and inflation numbers from the Old World), the US...
View ArticlePortugal Weighs on Euro
A political crisis in Portugal threatens to steal the region’s lightening rod from Greece which has a few days to meet the latest the terms of the next aid tranche. This was seized upon by the euro...
View ArticleIndependence Day Overnight Market Summary
If the fast and furious events from the past few days in a revolutionary Egypt bear a striking resemblance to what happened in the spring of 2011, it is because they are strikingly comparable. Only...
View ArticleThings In Portugal Are Getting Worse
Despite media rumors that the Portuguese foreign minister Portas, who resigned on Tuesday precipitating a complete collapse in Portugual bond prices and ushering in the latest European political...
View ArticleJapan Government To Change Inflation Calculation Ushering In Even More BOJ...
When it comes to changing the “measurement” rules in the middle of the game, nobody does it quite like Japan: in the aftermath of the Fukushima nuclear explosion, when radiation was soaring (and still...
View ArticleFrench-Owned Fitch Downgrades FrAAAnce To AA+
On the even of Bastille Weekend and the 100th anniversary of the Tour de France, you know it must be bad when the French-company-owned ratings agency Fitch is forced to remove its AAA rating from...
View ArticleGATA’s Bill Murphy on the Manipulated Gold Drop and a Gold Manipulation...
Spilled ink…spilled pixels…it’s time to spill some electromagnetic broadcast waves [and Comcast fiber photons] over the recent drop in gold price and just how exactly the global gold cartel operates....
View ArticleSovereign-Debt Risk – Best and Worst
Follow ZeroHedge in Real-Time Sovereign debt is the bonds that are issued by national governments in foreign currencies with the intent to finance a country’s growth. The risk involved is determined by...
View ArticleA Different View Of The Iceland “Recovery”
Submitted by Simon Black of Sovereign Man blog, Without doubt, Iceland was the canary in the coalmine for the sovereign debt crisis that is unfolding across the world right now. It was the first place...
View ArticleCan The US Economy Keep Up With This Exponential Chart?
Submitted by Michael Snyder of The Economic Collapse blog, Anyone that thinks that the U.S. economy can keep going along like this is absolutely crazy. We are in the terminal phase of an unprecedented...
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