Silver as an investment

Category Archives: Hyman Minsky

America’s ‘Fake’ Stability & Boobs On Credit

Authored by Jim Quinn via The Burning Platform blog, Do you ever hear something so startlingly mind numbingly ridiculous you realize it must be a sign things have gotten so fucked up something has got to give? As I was driving to work yesterday morning on the Schuylkill Expressway a commercial comes on the radio […]

“Why Does Extraordinarily Low Volatility Matter” Baupost Explains…

With elites increasingly sounding the alarm about the state of the stock market, and various market participants fearing the complacency is masking the fragility of the market's true character; it is no surprise that Baupost's recently named President and Head of Public Investments, Jim Mooney, has joined the chorus. While Mooney (and Klarman's) warning regarding […]

Canada, Let’s Not Minsky Words

After tonight's significant downgrade and warning from Moody's about Canadian Banks, the following seems extremely prescient now. Authored by George Stockus via BeatlesOnBanking.com, Stability breeds instability – this was economist Hyman Minsky‘s lasting contribution to the craft.  The Minsky Moment , popularized during the 07-09 US housing crisis, basically suggests breeding animal spirits too long creates […]

China Created A Record Half A Trillion Dollars Of Debt In January

Yes, you read that right. Amid a tumbling stock market, plunging trade data, weakening Yuan, and soaring volatility, China's aggregate debt (so-called total social financing) rose a stunning CNY3.42 trillion (or an even more insane-sounding $520 billion) in January alone. In fact, since October, China has added over 1 trillion dollars of credit… and has […]

Bill Gross Trolls “Addled, Impotent” Central Bankers, Asks “How’s It Workin’ For Ya?”

It’s no secret that trillions in global QE and the descent into the NIRP twilight zone have done very little to resuscitate global growth and trade in the wake of the crisis.  Indeed, eight years on and the world is mired in subpar growth and faces a global deflationary supply glut that’s driven commodity prices to […]

How QE Crushes The Real Economy & Why The Secular Low In Treasury Yields Lies Ahead

The economy was supposed to fire on all cylinders in 2015. Sufficient time had passed for the often-mentioned lags in monetary and fiscal policy to finally work their way through the system according to many pundits inside and outside the Fed. Surely the economy would be kick-started by: three rounds of quantitative easing and forward […]

A Storm Of Bad “Incoming Data” Strikes As The World Economy Rolls Over

Submitted by John Rubino via DollarCollapse.com, Brutal news is pouring in from pretty much everywhere. US retail sales are flat and wholesale prices are falling. Big retail chains are missing on earnings and seeing their shares plunge. Chinese nonperforming loans are soaring while imports, car sales and steel production are way down. Oil is flirting […]

Peak Debt, Peak Doubt, & Peak Double-Down

Via Scotiabank's Guy Haselmann, Time to Hike RatesIt makes little sense to me why the market is only pricing a 6% probability of a rate hike at the October meeting, 30% for December, and only a near 50/50 probability all the way out to March 2016.  The statutory mandates of the Fed as stated in […]

Shorting The Federal Reserve

Submitted by Michael Lebowitz of 720 Global Shorting The Federal Reserve “I’ve never let my guard down by saying, I do not need to be hedged” – Paul Singer Preservation of clients’ wealth is the most important fiduciary duty guiding investment managers. This obligation tends to be under-appreciated in the midst of financial asset bubbles […]

The REAL Reason China’s Economy Is Crashing

We noted in 2009, in a piece titled “China 2009 = America 2001 = Rome 11 BC“: One of the top experts on China’s economy – [economics professor] Michael Pettis – has a very long but interesting essay arguing that China is blowing a giant credit bubble to avoid the global downturn.   Pettis documents […]