Silver as an investment

Category Archives: Credit Line

Home Capital Uses Up $1 Billion “Lifeline”, Seeks Additional Funding

That didn’t long. Just one week after Canada’s largest alt-mortgage lender Home Capital Group sent shockwaves across the Canadian financial system, when it confirmed that long-running allegations about its liar-loan business were true, and suffered a spectacular bank run necessitating emergency loans which yield a stunning 22.5%, the company is now “actively seeking expanded sources […]

This Is What A Bank Run Looks Like: Home Capital Loses 70% Of Deposits In One Week

In the beginning it was a slow pace, then it became a casual jog. Then, starting early last week, the jog morphed into a full-blown run, and – as of the past 3 days – the withdrawal of deposits at Home Capital Group’s high interest savings accounts has mutated into a full blown mad dash […]

Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History

Call it Canada’s “New Century” moment. We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group, Canada’s largest non-bank mortgage lender: liar loans in […]

“Hell To Pay”

Authored by Economic Prism's MN Gordon, via, Behind the Curve Economic nonsense comes a dime a dozen.  For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.”  She even told the University of Michigan’s Ford School of Public Policy so earlier this week.  Does she know what she’s talking about?   Somehow, […]

Frontrunning: September 8

Stock futures flat ahead of economic data, ECB meeting (Reuters) Trump in TV event with Clinton, says Putin better leader than Obama (Reuters) 5 takeaways from Trump and Clinton’s military forum (The Hill) Matt Lauer Fields Storm of Criticism Over Clinton-Trump Forum (NYT) Vladimir Putin Just Wants to Be Friends (BBG) Hanjin Shipping’s Troubles Leave […]

The Fed Fiddles While Free Markets Burn

Authored by Mark St.Cyr, We’ve all heard the story of how the emperor Nero fiddled as Rome burned. Today, we use it an as analogy, whenever fitting, to show the callousness of either a person or entity when they are obviously engaged in wreaking havoc or utter devastation; all while caring none-the-least. Nobody seems to […]

New Russia-China-Iran Alliance Could Push US Out Of Much Of The Middle East

Submitted by Darius Shahtamasebi via, When the current Syrian conflict first erupted in 2011 – and then enflamed in 2012 – a small minority of the American public probably wondered why President Obama was not intervening to help the Syrian people as he had done in Libya (they were likely completely unaware the president […]

10 Facts The Mainstream Media Won’t Tell You About The War In Syria

Submitted by Darius Shahtahmasebi via, Corporate media regularly attempts to present Bashar al-Assad’s regime in Syria as solely responsible for the ongoing conflict in the region. The media does report on events that contradict this narrative — albeit sparingly — but taken together, these underreported details shine a new light on the conflict. 10: […]

Chicago Is Pushing For A Massive Bailout Of Its Public School System

It is well known that Chicago's pension liabilities have completely decimated the city's finances and currently stand at close to $20 billion. Faced with a significant challenge of meeting funding obligations as a result of a 2010 state law, Mayor Rahm Emanuel recently won a slight reprieve in the amount of money the city would […]

China’s Petro-State “Lender Of Last Resort” Conundrum

Submitted by Eugen von Bohm-Bawerk via, It took a while to play through, but our assessment that China would increasingly become the petro-state lender of last resort is starting to come good. The primary reason for that is producer states are rapidly running out of time to prevent full scale political implosion on the back […]