Silver as an investment

Category Archives: Moral Hazard

Sharing Risks To Counter Germany’s Plans Seeing Target2 Collaterilazation With Gold Reserves

Marcello Minenna, a division head at the Italian securities regulator, emailed his plan to "Cure the Eurozone". Despite being quite soft (there will not be permanent transfers between Member States), the recent proposals of the European Commission to deepen integration in the economic and monetary union could meet the opposition of Germany as soon as […]

Stock Market 2018: The Tao Vs. Central Banks

Authored by Charles Hugh Smith via OfTwoMinds blog, The central banks claim omnipotent financial powers, but their comeuppance is overdue. I will be the first to admit that invoking the woo-woo of the Tao as the reason to expect a reversal of the stock market in 2018 smacks of Bearish desperation. With everything coming up […]

Deutsche: The Fed Has Created “Universal Basic Income For The Rich” And Now It Can’t Get Out

Two weeks after Aleksandar Kocic highlighted the moment in 2012 when the market stopped caring about newsflow and reality, and, in a word “broke” with pervasive complacency setting in regardless of macro uncertainty… … Deutsche Bank’s post modernist master of stream-of-consciousness narrative is back with a new essay dissecting his favorite topic, the interplay between […]

Reuters Goes To China, Discovers “Ghost Collateral”

Back in 2014, a scandal erupted when media reports confirmed what many had previously speculated about China’s banking system: namely that much of China’s staggering loan issuance had been built (literally) upon air and that billions (or trillions) in loan collateral had been “rehypothecated” between two, three or many more debtors – or never even […]

Chris Martenson: “Why This Market Needs To Crash (And Likely Will)”

Authored by Chris Martenson via PeakProsperity.com, Like an old vinyl record with a well-worn groove, the needle skipping merrily back to the same track over and over again, we repeat: Today's markets are dangerously overpriced. Being market fundamentalists who don’t believe it’s possible to simply print prosperity out of thin air, we’ve been deeply skeptical […]

Debunking The Big Lie

Authored by Keith Weiner via Acting-Man.com, Debunking a Lie Don Watkins of the Ayn Rand Institute wrote an article, The Myth of Banking Deregulation, to debunk a lie. The lie is that bank regulation is good. That it helped stabilize the economy in the 1930’s. And that deregulation at the end of the century destabilized […]

Trump And Draghi May Bring A Return Of The “European Solvency Crisis”: Barclays

Since Drahi’s infamous “whatever it takes” warning in the summer of 2012, European bond yields have been a one way street lower, and until the recent Trumpflation rally, had tumbled to all time lows, in many cases well below 0%.  There are two catalysts, however, that may be ending Europe’s QE-driven free ride, and according […]

Deutsche Bank Accuses ECB Of “Creating Asset Bubbles, Expropriating Savers And Backdoor Socialization”

While not quite as full of fire and brimstone as his June report in which Deutsche Bank’s chief economist, David Folkerts-Landau said that “The ECB must change“, and in which he accused Mario Draghi of putting not only the ECB’s future at risk, but the future of the entire Eurozone, with its destructive policies, overnight […]

Bill Blain: What The BOJ Just Did Is “Recipe For Disaster”

Some interesting, and accurate, thoughts in this morning’s edition of Bill Blain’s “Morning Porridge”, who – despite calling this website a “tabloid” in the past – now agrees with what we have claimed all along for the past 7 years.  * * * Mint – Blain’s Morning Porridge  September 21st 2016 After a “comprehensive” review […]

“It’s Never Different This Time” PIMCO Warns “The Tides Of Risk Will Flow Eventually”

Authored by Harley Bassman, originally posted at PIMCO.com, he old Wall Street expression is “They don’t ring a bell at the top.” This snarky adage is usually employed by those saddened financial managers who ride a successful investment to a peak and then watch in horror as it reverses course to a level below their […]