Silver as an investment

Category Archives: systemic risk

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System

It’s A Wonderful Life Is A Wonderful Lesson To Hold Gold Outside of The Banking System – Christmas film serves as reminder that savings are not guaranteed protection by banks– Savers are today more exposed to banking risks than ever before– Gold and silver investment reduce exposure to counterparty risks seen in financial system– Basket […]

Rising Interest Rates Starting To Bite

Submitted by Gary Evans of Global Macro Monitor We have long held that interest rates have been so low (especially real rates) that it will take some time to reach a level for them to really matter and impact markets. The 2-year yield crossing over the S&P500 dividend yield this past week for the first […]

Banks Demand 11th-hour Reprieve On Key Part Of MiFID II

The clock is ticking down and there are only about three weeks to go before the dreaded MiFID II regulatory structure is implemented on 3 January 2018. While it’s been difficult to judge the industry’s preparedness for the change, several aspects of the new regulations have attracted the most debate and concern. These have included […]

Global Deflation Alert: Chinese Credit Creation Tumbles To 27 Month Low

At the end of November, we showed a troubling observation for China – and global – macro watchers from Axiom’s Gordon Johnson: for the first time ever, record Chinese credit creation had failed to stimulate the economy, and in fact the exact opposite appeared to be unfolding – economic growth is slowing across a number […]

What Causes Asset Bubbles?

As we showed yesterday, the price of bitcoin has finally surpassed "Tulips" in the global bubble race. Overnight the former Bridgewater analysts Howard Wang and Robert Wu, who make up Convoy Investments, released their thoughts on what happens next… and most importantly, what causes asset bubbles… When we see a dramatic rise in asset prices, […]

IMF Stress Tests Find $280 Billion Black Hole In Chinese Banks’ Capital

The IMF released a new analysis on the instability stability of the Chinese financial system. Speaking to the media in an online briefing, some of the insights from Ratna Sahay, deputy director of the IMF’s Monetary and Capital Markets Department, hardly advanced our knowledge much. Sahay noted that “Risks are large. Having said that, the […]

Axel Merk’s 2018 Outlook: “What Can Possibly Go Wrong?”

Authored by Axel Merk via, With the stock market and Bitcoin reaching all-time highs, what can possibly go wrong? In offering my thoughts on 2018, I see my role in reminding investors to stress test their portfolios. Is your portfolio built of straw, sticks or brick? First, let me allege many investors have portfolios […]

Stockman: “Bitcoin Is The Poster-Boy For An Unhinged Financial System”

Authored by David Stockman via Contra Corner blog, The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below. From bitcoin to Amazon, the financials, the Russell 2000 and most everything else in between, the casinos are digesting no information except the price […]

US Household Debt Is Rising 60% Faster Than Wages, And One Rating Agency Is Worried

In a report released today by DBRS titled “Consumer debt and debt burden”, the rating agency which is best known for keep Italian debt eligible for ECB monetization at the peak of the European banking crisis, looks at the latest Quarterly Report on Household Debt and Credit issued by the NY Fed (discussed here previously) […]

A. Gary Shilling: Trump Deserves Some Credit For The Surge In Stocks

Authored by A. Gary Shilling via, Less regulation is one campaign promise made by the president that is coming true… Reducing government regulation is tough. It’s resisted by all those who benefit, including government employees who administer the many programs. Every president since Jimmy Carter has attempted to lower the cost of regulation. At […]