Unintended Consequences, Part 1: Easy Money = Overcapacity = Deflation
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of
Somewhere back in the depths of time the world got the idea that easy money — that is, low interest rates and high levels of
For the past 50 or so years, the quickest way for a sharp young sociopath to get rich has been to join an investment bank
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign
China’s historic post-2009 debt binge flew largely under the radar — fooling most observers into thinking the global economy was recovering rather than just re-leveraging.
Combine record-high stock prices with weak corporate earnings, a too-strong dollar and rising turmoil in Europe, Asia and Latin America, and the result is a
First it was the banks reporting horrendous numbers — largely, we were told, because of their exposure to recently-cratered energy companies. Now it’s Big Tech,
For as long as most gold and silver investors can remember, the paper markets — that is, banks and speculators placing bets with futures contracts
Coming into this corporate earnings season, everyone seemed to expect disappointment. But they thought it would come from the energy sector and the banks that
Goldman, Morgan Stanley and IBM release numbers that look, well, depression-like. Housing starts plunge, gold and silver spike, China’s bond market seizes up, and Deutsche
So it seems that China’s economy, caught in the grip of a credit crisis just a few months ago, is all better. And so, by
For years now, the easiest way to finesse a debate over whether precious metals markets are manipulated has been to say, “well, if they’re not manipulated
Most US companies will report earnings this month, and most analysts think the results will be depressing. That’s bad news for stock prices and might
Corporate profitability is one of the canaries in today’s financial coal mine. If companies are making more money each year they tend to hire more
Between the “Panama papers” and the DC Madam’s customer list, we might be witnessing the end of personal (and corporate and government) privacy. The result?
Back in 2014, online bullion dealer Tulving shocked its many customers by suddenly failing. See Coinweek’s story: How does $40M of Gold and Silver Disappear:
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