Home

Former Fed chairman Ben Bernanke will be remembered by future generations as the guy who didn’t see a housing bubble while he was creating it. That is, unless he says something even dumber, like this: Bernanke: No risk of hard landing in China (CNBC) – Former Federal Reserve Chairman Ben Bernanke said that China’s economic […]

 

Canaries In The Coal Mine, Part 2: Three Chinese Stocks Lose $40 Billion In One Week

The Chinese stock market’s spectacular run is turning into a stagger: Two more Hong Kong stocks collapse after Hanergy crash (AFP) — Two of Hong Kong’s best-performing stocks plunged more than 40 percent Thursday, a day after a mysterious crash of almost 50 percent in Chinese solar firm Hanergy that saw almost $20 billion wiped […]

2 comments

Is Greece Still A Country If Someone Else Owns Its Assets?

This story isn’t actually about Greece, but it begins there. After the country went functionally bankrupt a few years ago, the solutions proposed by its creditors (mostly European banks and governments) included the impoverishment of its current citizens through cutbacks in wages and pensions, the impoverishment of its future citizens through the borrowing of even […]

23 comments
[Most Recent Quotes from www.kitco.com] [Most Recent USD from www.kitco.com] [Most Recent Quotes from www.kitco.com]
     
     
 

12345678910111213Last