Silver as an investment

Category Archives: Group of Thirty

BOE Deputy Governor Resigns After Failing To Disclose Her Brother Works For Barclays

The Bank of England’s new deputy governor of markets and banking, Charlotte Hogg, has resigned after less than five week in her post, after an MP report concluded she “fell short of the very high standards required” for the position as a result of failing to disclose that her brother works at Barclays, a bank […]

Oh, Yeah? Or What?

By Chris at Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing. Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity. While we […]

We Are Getting Worried About Paul Krugman

When a delicate snowflake is suddenly faced with a perceived reality so devastating as to be an existential crisis, the mind's reaction to dealing with this cognitive dissonance can be disabling for some. Certainly for The New York Times' flip-flopping, hate-mongering, fact-twisting, Keynesian poster-boy Paul Krugman it appears coping with "no" is not going well […]

Paul Krugman Loses It: Hints At Trump 9/11-Style Attack False Flag

Some establishment types took the election of Donald Trump – and the implicit rejection of their omnipotence – a lot harder than others. Perhaps the arch-Keynesian himself, New York Times' Paul Krugman, is the best example, lashing out this morning at the ignorance of Trump voters once again (well they must be ignorant, right?) along […]

European Bond Yields Spike, Bank Stocks Soar, EUR Tumbles After Draghi Surprise

Having rallied into today's ECB meeting on hopes of geting more "whatever it takes" from Mario Draghi, his surprising tilt to the hawkish taper has sparked selling across European bond markets (pushing Bund yields to 11-month highs). EURUSD kneejerked higher on the statement but faded back quickly. Yield curves across Europe are also steepening dramatically […]

ECB Stuns Markets, Announces Tapering Of Bond Purchases To €60 Billion

That Reuters trial balloon was right. In an unexpected, to the conesnsus, announcement, Mario Draghi turned hawkish after all, and while the ECB kept all rates unchanged, it announced that it would effectively taper its bond purchases from €80 billion to €60 billion starting in April 2017 until the end of the year: “From April […]