Silver as an investment

Category Archives: Trichet

The Secret History Of The Banking Crisis

Authored by Adam Tooze via ProspectMagazine.co.uk, 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 […]

Are Newspapers Captured By Banks?

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 top of mind for many average indoctrinated joes. Almost thirty years ago, Edward Herman and […]

The End Of Europe As We Know It?

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 to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an […]

“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 […]

Jim Grant: Financial Prices Should Be Discovered, Not Administered

Authored by James Grant, originally posted Op-Ed via The FT, The modern financial animal is wont to assume that he or she lives in an age of science. Just peruse the economic research that the great central banks produce. Even the titles of the papers are incomprehensible. Surely, the wit of man and woman has […]

Paul Craig Roberts: Greece’s Lesson For Russia

Submitted by Paul Craig Roberts, “Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far.” — International Monetary Fund Greece’s lesson for Russia, and for China and Iran, is to avoid all financial relationships with the West. The West simply […]