Silver as an investment

Category Archives: EC

The IMF Experts Flunk, Again / by Steve Hanke via The Cato Institute, on 07/31/2015 20:05 My Globe Asia column in May was titled “Greece: Down and Probably Out.” Well, it’s out. Yes, Greece descended from drama to farce rapidly. If all goes according to plan, the left-wing Greek government will come to an agreement with the so-called troika — […]

Greece Is Being Taxed To Death / By Alan Reynolds • July 19, 2015 More than five years have passed since May 2010, when Greece was enticed to borrow €73 billion from the International Monetary Fund (IMF), European Commission (EC) and European Central Bank (ECB) with painful strings attached. That 2010 program, said the IMF, “had two broad aims: to make fiscal policy and the […]

Surprise – Situation in Slovenia May Be Worse than Advertised

The Ljubljana SBI Top Index: a barometer of depression. / By Pater Tenebrarum / June 19, 2013 Bank Recap Slightly Delayed We have previously made a few remarks on Slovenia’s astonishing three-card Monte, whereby the toxic assets of its banks (some 30% of their assets are reportedly non-performing) are to be transferred into a […]

Pending Financial Reforms / By Marc Chandler / June 4, 2013 The disparate views among Federal Reserve officials often commands the market’s attention. Yet there is one area in which all the regional president agree and this will move into the spotlight tomorrow. The Federal Reserve presidents have endorsed the idea of moving institutional money markets away from […]

EU Unemployment as Directed History? / By Staff Report / FRIDAY, MAY 31, 2013 Eurozone unemployment reaches new record … The seasonally-adjusted rate for April was 12.2%, up from 12.1% the month before. An extra 95,000 people were out of work in the 17 countries that use the euro, taking the total to 19.38 million. Both Greece and Spain have […]

Europe Opens $80 Trillion Shadow Banking Pandora’s Box: Will Seek To Collapse Repo “Collateral Chains” / By Tyler Durden / May 24, 2013, 10:51 -0400 In what may be the most important story of the day, or maybe year, for a world in which there already is an $11 trillion shortfall in high-quality collateral (and declining every day courtesy of Ben’s monetization of Treasury paper) so needed to support the deposit-free liability […]

Brussels Puts Spain Under Surveillance; Brussels Denies Putting Spain Under Surveillance / By Mike “Mish” Shedlock / Thursday, May 16, 2013, 1:15 AM Here is an amusing set of back-to-back headlines regarding Spain. Via Mish-modified Google translate from La Vanguardia Brussels Puts Spain Under Surveillance for Economic Imbalances  Spain will be placed under European supervision and its political leeway in deciding what reforms the economy agree will be […]