Silver as an investment

Category Archives: Collateralized Debt Obligations

“They’re Ba-ack!” – Citi Says Synthetic CDOs May Reach $100 Billion In 2017, 5x Increase In 2 Years

35-year-old Jia Chen of Citibank probably has no idea where that title quote above came from.  That’s because she was roughly 4 years old when Poltergeist II hit theaters back in 1986… …that said, Citibank, as we noted a few weeks back, has every confidence that Jia is the perfect person to put in charge […]

Government By Goldman

Authored by Gary Rivlin and Michael Hudson via The Intercept, in partnership with The Investigative Fund, Steve Bannon was in the room the day Donald Trump first fell for Gary Cohn. So were Reince Priebus, Jared Kushner, and Trump’s pick for secretary of Treasury, Steve Mnuchin. It was the end of November, three weeks after Trump’s […]

The Greatest Financial Bubble In History

Authored by James Rickard svia The Daily Reckoning blog, China is in the greatest financial bubble in history. Yet, calling China a bubble does not do justice to the situation. This story has been touched on periodically over the last year. China has multiple bubbles, and they’re all getting ready to burst. If you make […]

Nomi Prins On The Goldmanization Of President Trump

Authored by Nomi Prins, originally posted at TomDispatch.com, How A Bank Conquered Washington Irony isn’t a concept with which President Donald J. Trump is familiar. In his Inaugural Address, having nominated the wealthiest cabinet in American history, he proclaimed, “For too long, a small group in our nation's capital has reaped the rewards of government […]

Why Oil Prices Might Never Recover

Submitted by Arthur Berman via OilPrice.com, Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because the global economy is exhausted. The current oil-price rally is over as I predicted several months ago and prices are […]

Beyond The Minsky Moment: China’s Ponzi Schemes Are Now Investing In Other Ponzi Schemes

The problem with China’s Wealth Management Products, or WMPs, is not new: we have covered this pillar of China’s shadow banking system on various occasions over the past three years, usually just before and after the time of the latest spectacular WMP fund blow up, which promptly becomes headline news and then fades again until […]

Trump Picks Former Goldman Partner And Soros Employee As Finance Chairman

In an oddly ironic twist, today Donald Trump announced that he has picked as chairman of his newly launched fundraising operation none other than a former employee of the bank he has repeatedly criticized in the past, and which he used as a foil to criticize Ted Cruz: Goldman Sachs. Trump announced that heading up […]

The War on Cash is About to Go into Hyperdrive

The global Central Banks have declared War on Cash.   Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, “cash is king.”   The notion here is that cash is […]

The Big Short: “Every American Should See This Movie & Be F##king Pissed Off”

Submitted by Jim Quinn via The Burning Platform, “The truth is like poetry, and most people fucking hate poetry.” The Big Short opens nationwide today. But it happened to have one showing last night at a theater near me. My youngest son and I hopped in the car and went to see it. I loved […]

The Eerie Echo Of 2007: It Really Is Bear Stearns, All Over Again

While there are numerous and often conflicting opinions about the underlying causes that lead up to the Great Financial Crisis, most agree that the proximal catalyst which finally exposed all the overvalued, illiquid “cockroaches” and confirmed that subprime “is not contained” in the process unleashing the chain of events that culminated with the collapse of […]