Silver as an investment

Category Archives: bank

“It’ll Be An Avalanche”: Hedge Fund CIO Sets The Day When The Next Crash Begins

zerohedge.com / by Tyler Durden / Jun 25, 2017 While most asset managers have been growing increasingly skeptical and gloomy in recent weeks (despite a few ideological contrarian holdouts), joining the rising chorus of bank analysts including those of Citi, JPM, BofA and Goldman all urging clients to “go to cash”, none have dared to commit the […]

“They Can And Should Do More” Australian State Slams Banks With $280 Million Tax

Australian bankers are furious after the country’s smallest state levied a “surprise” tax on the country’s five biggest banks that could siphon off $280 million in profits during its first four years on the books, according to Reuters.  The tax was imposed by South Australia, which is struggling with the country’s highest unemployment rate and […]

What Is The Market Telling Us?

Authored by Charles Hugh Smith via OfTwoMinds blog, The entire global economy now depends on this stripped-of-information "market" for its stability. Ho-hum, another day, another record high in the S&P 500 (SPX). What is this market telling us? If you're long, the market is screaming "you're a genius!": But other than that, what else is […]

Moody’s Cuts Aussie Bank Ratings Due To “Tail Risk” Concerns

Back in 2007, the ratings agencies were so woefully behind the eight ball in understanding and reporting the credit risks in the U.S. financial system that it was nearly impossible to tell from day to day whether they were really just that incompetent or if they were complicit in the biggest financial fraud in history.  […]

Events Not Data Key in Week Ahead

marctomarket.com / by Marc Chandler / June 19, 2017 It is a light week for economic data from the G7, and for the reports that are on tap are unlikely to change the consensus scenario in the aftermath of major central bank meetings in the first half of the month.    Canada may be the chief exception […]

Matt King Is Back With A Dire Warning: “A Significant Un-balancing Is Coming”

Earlier this week we discussed a chart from Citi’s Hanz Lorenzen, which we said may be the “scariest chart for central banks” and showed the projected collapse in central bank “impulse” in the coming years as a result of balance sheet contraction, and which – if history is any indication – would drag down not […]

Is there gold “hype” and is gold an emotional trade?

Is there gold “hype” and is gold an emotional trade? – Very little hype in gold  – Sentiment is important in the gold market as is other markets particularly stocks – Article ignores the large body of research showing gold is safe haven asset – Gold may struggle to breach $1,300 in short term – […]

Mises-Influenced MP Becomes Brexit Minister

mises.org / Tho Bishop / June 14, 2017 Steve Baker, a Conservative Member of Parliament, was announced today as junior Brexit minister under fellow libertarian David Davis. Baker, who has referenced Austrian scholars such as Ludwig von Mises, Jesús Huerta de Soto and F.A. Hayek in the House of Commons, has long been a Eurosceptic and […]

The Next Financial Crisis Has Already Arrived In Europe, And People Are Starting To Freak Out

Did you know that the sixth largest bank in Spain failed in spectacular fashion just a few days ago?  Many are comparing the sudden implosion of Banco Popular to the collapse of Lehman Brothers in 2008, and EU regulators hastily arranged a sale of the failed bank to Santander in order to avoid a full […]

Deutsche Refuses To Disclose Trump’s Private Account Info – Barrage Of MSM Conspiracy Theories Imminent

A few days ago we noted that DB allegedly requested more time to comply with a letter drafted by the infamous Maxine Waters of the House Financial Services Committee demanding information from on a Russian money laundering scheme and loans made to Trump’s businesses while he was a private citizen.  Without providing any evidence or […]