Silver as an investment

Category Archives: Monetization

Obama, Bernanke and Yellen Rigged the Bond Market. Now it’s Trump Turn to Dance or be their Dunce! – By Michael Carino

Government dysfunction is at its worst.  We voted them in.  We have no one to blame but ourselves. Granted, the choices were abysmal. But the Republican and Democratic parties, with no third party competition, can continue to run dysfunctional governments, whittling away our dominant global position until the cracks of our broken government becomes abundantly […]

Wall Street Analysts Throw Up On Snapchat IPO Euphoria

When it comes to sellside opinions about yesterday’s SNAP IPO, there are two camps: those from analysts who belonged to the underwriting syndicate, which for obvious reasons (Goldman and Morgan Stanley were both paid over $20 million for their underwriting efforts) have been broadly positive about the public offering… and those from everyone else. And […]

Putting It All Together…

Swiss National Bank’s U.S. Stock Holdings Hit A Record $63.4 Billion

Being able to print your own money and buy stocks at any price sure can be fun. Just as the SNB which unlike many other (if ever fewer) central banks admits to doing just that. In its latest 13F filing, the Swiss National Bank reported that the value of its portfolio of US stocks rose […]

Japanese Bond Yields Surge, Yen Spikes As Kuroda Disappoints Market: “The Market Will Test The BOJ”

One week ago, yields on the Japanese 10Y JGB tumbled when the BOJ relented, and succumbed to market demands to expand its debt monetization, when it increased the size of its daily bond purchase operation, or POMO in NY Fed parlance, in the 5-10 year zone from JPY410BN to JPY450BN, which sent yields tumbling as […]

Goldman Just Killed The “Reflation Euphoria” – Concludes Global Growth Will Suffer Under Trump No Matter What

Earlier today, we presented an analysis by Goldman Sachs which emerged with a lukewarm take on Trump’s policies as to how they stand to impact US domestic growth, with only Goldman’s “adverse” scenario resulting in a “stagflationary”, i.e., recessionary outcome. However, in a follow up report by another set of Goldman economists Nicholas Fawcett and […]

What Donald Trump’s Proposed Tax Cut Means For You

Now that Trump is president, both individual and corporate tax-payers are taking a second look at Trump’s proposed tax regime to see how it will impact their bottom line. Here is a quick primer. Trump has proposed personal and business tax reform that would reduce tax revenues by an estimated $4.4 trillion over ten years, […]

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $346 Billion In US Paper

One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number dropped sharply, declining by over $27.5 billion in one week, the biggest weekly drop since January 2015, pushing the total amount of custodial paper to $2.83 trillion, the lowest since 2012. One month […]

Canaries ‘In Extremis’

Submitted by Robert Gore via StraightLineLogic.com, Nobody “important” will admit it until after the election, but the resumption of the depression is at hand. Most people’s strongest memory of the last financial crisis was the September 2008 bankruptcy of Lehman Brothers. However, thirteen months prior to that, August 2007, two Bear Stearns’ mortgage hedge funds […]

“Heaven Help Us If There Is Ever A Modest Blip Of An Inflation Impulse”

By Charlie McElligott, head of cross-asset desk strategy at RBC Despite the weakest Euro area Composite PMI since January ’15, periphery and core EGB’s are too seeing weakness, with traders noting not just the “tapering” story, but also Target 2 balance data, which is showing Italian and Spanish liabilities at 3+ year highs against German […]