Silver as an investment

Category Archives: Bank of Spain

Global Stocks Rise, Copper Soars In Thin Holiday Volumes

European stocks are steady in post-Christmas trading if struggling for traction after a mixed session in Asia, amid trading thinned by a holiday-shortened week and ongoing worries about the tech sector; however a strong rally in commodities – including copper and oil – buoyed expectations for a strong 2018 and helped offset concerns over the […]

Spanish Debt Grows by €146 Billion, Largest Ever Recorded; Debt-to-GDP Highest Since 1910 / By Mike “Mish” Shedlock / Sunday, February 17, 2013 1:21 PM Proof there is no rebalancing in Europe is easy to find. For example, El Pais reports Spanish Debt Grows by €146 Billion. What follows is a Mish-modified translation of the above Google-translation. Key Points The public debt exceeded €882 billion at the end of 2012 Debt Grew […]

The Daily Nugget – Central banks buy gold / by Jan Skoyles / September 26, 2012 The gold price climbed above $1,772 yesterday but promptly consolidated around $1,762, as the dollar gained strength and the eurozone continued to collapse. The dollar’s climb was thanks to CB Consumer Confidence data coming in at a 7-month high, much higher than expected. Eurozone woes continued […]

Headline in Spain: Government ‘sacrificed’ Bank of Spain in Exchange for Financial Sector Bailout; ESM Agreement Raises More Questions Than Answers / June 30, 2012 In the wake of a huge market reaction on Friday, it’s interesting to see how the headlines read other places, especially Spain. Here is one such viewpoint by El Confidencial: Government ‘sacrificed’ Bank of Spain in Exchange for Financial Sector Bailout  The clearest conclusion to the European Agreement made by Spain and […]

Bank of Spain inspectors question the viability of BMN Bank Group / by Mike Shedlock / June 8, 2012 Courtesy of Google Translate please consider Bank of Spain inspectors question the viability of BMN The latest monitoring report prepared by the inspectors of the Bank of Spain on the integration process of the Banco Mare Nostrum (BMN) group casts doubt on its viability and even […]

The T Report: The Pain in Spain is Mainly, well Everywhere / May 09, 2012 Spain. The reality is Greece is largely noise. Greece will eventually leave the Eurozone, but not this month. The hardliners inside Greece will realize they need some time to organize. The markets will have spooked the hardliners outside of Greece that they should play nice for a little bit, because […]

Spain to Spend €7bn-€10bn (It Doesn’t Have), Bailing Out Bankia, the Nation’s 3rd Largest Bank; Liar, Liar Pants on Fire

Monday, May 07, 2012 5:54 PM – By Mike Shedlock After insisting no bailouts would be needed, Spain to spend billions on bank rescue Spain is planning a state bail-out of Bankia, the country’s third biggest bank by assets, in a move likely to involve the injection of billions of euros of public money into the […]