The First Rebuttal website has coined a term that gets to the heart of an increasingly dysfunctional system: The too-big-to-fail stock market. The general thesis
In the sound money community it’s generally understood that abandoning the last vestige of the gold standard in 1971 gave major countries effectively-unlimited credit cards
This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow
Brexit looked like the end of the world — until people figured out that central banks would have to ease in response. Then markets turned
Two short months ago it was generally expected that US interest rates would rise for the balance of the year — a move made possible
Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of money and using it to
Expect the UK to drop out of the headlines as it chooses new leaders and untangles itself from the EU. The big news going forward
Now the real fun begins. Last night Britons voted to leave the European Union, sending shock waves around the world — though not directly or
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s
One of the oddest things in this increasingly odd world is the spread of negative interest rates everywhere but here. Why, when the dollar is
The list of heavy hitters who are saying bad things about this world and its financial markets — while acting aggressively on their pessimism —
The theory was pretty straightforward: push interest rates down far enough — in some cases to negative territory where borrowers actually turn a profit on
One of the defining traits of the past few years’ “recovery” has been the torrent of money flowing from big banks to favored clients, and
It’s unclear what China was thinking when it was borrowed all those trillions to quadruple its capacity to make steel, cement and other basic industrial
Austrians went to the polls today to elect a new president. But for the first time in living memory the country’s two mainstream parties —
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