Silver as an investment

Category Archives: Book Value

Crypto-Cornucopia Part 5 – “We’ll Be Lucky To Survive On Our Own”

Authored by Dr. D via Raul Ilargi Meijer's The Automatic Earth blog, Part 1 "Bitcoin Is A Trust Machine" here. Part 2 "This System Is Garbage, How Do We Fix It?" here. Part 3 "A System With No Justice, No Order, No Rules, & No Predictability" here. Part 4 "Without It, You're Talking Mad Max" […]

Trump And The Age Of Magical Thinking

Authored by Christopher Whalen via The Institutional Risk Analyst blog, “Anyone taken as an individual is tolerably sensible and reasonable – as a member of a crowd, he at once becomes a blockhead.”   Friederich von Schiller, quoted by Bernard Baruch The term "magical thinking" refers to how children believe that their thoughts have a […]

WARNING: U.S. Ponzi Retirement Market In Big Trouble As Withdrawals Now Exceed Contributions

By the SRSrocco Report, The U.S. Retirement Market is in BIG TROUBLE as annual benefits paid out are now larger than total contributions.  Actually, the amount of net withdrawals were the highest in history.  When payouts become larger than contributions… then we have the making of the typical PONZI SCHEME. Americans who have invested their […]

Here’s Why Italy’s Banking Crisis Has Gone Off The Radar

Authored by Don Quijones, Spain & Mexico, editor at Wolf Street Here’s Why Italy’s Banking Crisis Has Gone Off the Radar For a country that is on the brink of a gargantuan public bailout of its toxic-loan riddled banking sector, or failing that, a full-blown financial crisis that could bring down the European financial system, […]

1,000% Returns? Sure, When PIIGS Fly! – by Michael Carino – Greenwich Endeavors

The world is filled with intelligent people in finance.  Unfortunately, being intelligent doesn’t always mean you are smart.  To make sound investments, you need to be looking forward and constantly coming to rational conclusions.  One has to avoid sheltering oneself in a herd of backward focused investors taking comfort in performing in line with the […]

Berkshire Letter Highlights: Buffett Hates Hedge Funds, Likes Immigrants And The US Outlook

In its latest annual letter, released at 8am on Saturday, Warren Buffett’s Berkshire Hathaway said Q4 profit rose 15% as net income increased to $6.29 billion, or $3,823 a share, from $5.48 billion, or $3,333 the previous year, while operating earnings, which exclude some investment results, were $2,665 a share, a slight miss to the […]

Here Are The 7 Rules Bank Of America Uses To Decide When It Is Time To Sell The Market

With the Trumflation rally fizzling with every passing day, the only question asked by traders is "Is it time to sell the market?" According to Bank of America, the answer, at least for now, is no. That's the conclusion of BofA's chief investment strategist Michael Hartnett who looks at the bank's 7 favorite, proprietary market-timing […]

Deutsche Bank CEO Returns Home Empty-Handed After Failing To Reach ‘Deal’ With DOJ: Bild

Following the seemingly endless procession of short-squeeze-fueling trial balloons last week – from settlement rumors to German blue-chip bailouts to Qatari investors – Germany's Bild newspaper confirms the rumors that sparked weakness on Friday: Deutsche bank CEO John Cryan has failed to reach an agreement with the US Justice Department. Having soared over 25% off […]

Deutsche Bank Raises $3 Billion In Debt, As Hedge Fund Explains What Its “Bail-In” Would Look Like

While speculation that Qatar investors may come to Deutsche Bank’s rescue came and went on Friday (especially after the market recalled that the alleged “white knight” may himself be nursing a massive margin loan from its first rescue of Deutsche Bank which included a $2 billion margin loan), the German lender quietly took advantage of […]

Even High School Kids Can See That Massive Systemic Risk That Deutsche Bank Represents

I was discussing the US Department of Justice $14B fine levied at Deutsche Bank with my 15 year old son last week. I told him the fine amounted to roughly 70% of Deutsche’s market cap, while a similar retroactive tax levy from the EU towards Apple for $14B was about 3% of their cash on […]