Silver as an investment

Category Archives: Trichet

“Worst Case Scenario” Looms As Merkel’s “Jamaica Coalition” Collapses; EUR Sinks

We warned on Friday that German Chancellor Angela Merkel faced a 'night of the long knives' in her efforts to bring together the co-called 'Jamaica' coalition of four parties and after a desperate weekend of talks, Bloomberg reports Merkel's efforts at forming a coalition have failed meaning a second election looms and sending the euro […]

BoE Expected To Vote 6-3 For Rate Increase And Signal Markets Underpricing Future Hikes

The last time the Bank of England raised rates was July 2007, when rates increased to 5.75%. Credit markets began to dislocate a month later (when LIBOR diverged from Fed Funds), equity markets peaked three months after the increase and things eventually got much worse. So, the track record is not auspicious, but the alleged […]

The Secret History Of The Banking Crisis

Authored by Adam Tooze via, Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for? It is a decade since the first tremors of what would become the Great Financial Crisis began to […]

Breslow: “The Pain Trades Are Giving Traders Headaches”

Richard Breslow, former fund manager who currently writes for Bloomberg, starts of the week with a recap of how traders are reacting to the so-called key pain trades, and refuse to accept a shift in sentiment when it comes to the “dovish yet hawkish” Fed or the “hawkish yet dovish” ECB. The Pain Trades Are […]

Why The EU Is Doomed

Submitted by Alasdair Macleod via The Mises Institute, We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial crises, thanks to the successful actions of central […]

ZeroHedge: Are Newspapers Captured By Banks?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With Donald Trump going after Jeff Bezos' "capture" of The Washington Post this week, along with Facebook's alleged liberalization of the mainstream's news feeds, the topic of press independence is once again back out of conspiracy theory back-rooms and near […]

ZeroHedge: The End Of Europe As We Know It?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Dan Steinbock via The Difference Group, As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According […]

“For The Sake Of Capitalism, Pepper Spray Davos”

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Yra Harris just posted a blistering critique of the crony capitalist crooks congregating in Davos. The first few paragraphs of his post, For the Sake of Capitalism, Pepper Spray Davos, are a must read. Enjoy. Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers […]

Frontrunning: December 8

Anti-Trump Effort Launches Super PAC (WSJ) Muslims decry Trump’s proposal to keep them out of US (AP) Debate Heats Up Over No-Fly List, Gun Sales (WSJ) OPEC Takes Down Oil Majors as Lower-for-Even-Longer Kicks In (BBG) Chinese Companies Are Trapped in IPO Logjam (WSJ) Republican Ted Cruz vaults into first place in new Iowa poll […]

The IMF Experts Flunk, Again

Submitted by Steve Hanke via The Cato Institute, My Globe Asia column in May was titled “Greece: Down and Probably Out.” Well, it’s out. Yes, Greece descended from drama to farce rapidly. If all goes according to plan, the left-wing Greek government will come to an agreement with the so-called troika — the European Commission […]