Silver as an investment

Category Archives: Countrywide

Venezuela’s Grim Reaper: A Current Inflation Measurement, Including a Note on the IMF’s Musings on Inflation

Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke. The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worthless, and with its collapse, Venezuela is witnessing the world’s worst inflation.  As the bolivar […]

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 Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]

Meet The Tens Of Thousands Of Americans Desperate For A Warehouse Job At Amazon

Today was Amazon Jobs Day, which the company said was “its biggest hiring event of the year” in which it would interview and hire 50,000 full-time and part-time employees in communities all around the country, mostly for vacant warehouse worker positions. The jobs fair is part of Amazon’s pledge to hire 130,000 workers by 2018. […]

Bill Miller Says He’s Invested 1% Of His Net Worth In Bitcoin

Former Legg Mason investing guru Bill Miller’s Opportunity Trust is back on top this year thanks to bets on a hodgepodge of stocks including Apple Inc., J.P Morgan Chase & Co. and Restoration Hardware. Just weeks after his Opportunity Trust was named No. 1 among diversified funds with at least $1 billion in assets, Forbes […]

Warren Buffett May Soon Be The Largest Shareholder In A 2nd US Megabank

Remember when Warren Buffett anecdotally "took a bath" when he decided to effectively rescue Bank of America with a $5 bilion equity injection in 2011? He may be due for another bath any minute. Warren Buffett, already the largest shareholder in recently disgraced Wells Fargo, could soon become the largest shareholder in another US megabank […]

Tesla Furious After AAA Hits Carmaker With Higher Premiums Due To “Abnormally High Claims”

AAA is raising premiums on Tesla vehicles by 30% after data showed that owners of Model S and Model X cars filed claims at abnormally high rates, and that those claims cost more compared with other cars in the same class, Automotive News reported. Tesla, of course, is disputing the insurer's analysis. "This analysis is […]

ECB Calls Italy’s Bluff, Rejects Monte Paschi Request For More Time To Raise Capital

Earlier this week, we reported that according to the FT, a suddenly empowered Rome was demanding that the ECB give it more time to rescue Italy’s Monte Paschi show private bailout effort has effectively failed. What is surprising is that Italy was “preparing to blame the bank for losses imposed on bondholders if Rome is […]

ECB Calls Italy’s Bluff, Rejects Monte Paschi Request For More Time To Raise Capital

Earlier this week, we reported that according to the FT, a suddenly empowered Rome was demanding that the ECB give it more time to rescue Italy’s Monte Paschi show private bailout effort has effectively failed. What is surprising is that Italy was “preparing to blame the bank for losses imposed on bondholders if Rome is […]

Merkel Suffers Another Humiliating Defeat In Berlin, As Surge Of Anti-Ammigrant AfD Continues

Last Thursday, when previewing the outcome of Sunday’s Berlin election, we said that “Merkel Braces For More Misery With Humiliating Berlin Election Rout.” And, as Reuters, observes, that is precisely what happened after Angela Merkel’s conservatives suffered their second electoral blow in two weeks on Sunday, with support for her Christian Democrats (CDU) plunging to […]