Yesterday, Federal Reserve official William Dudley had some harsh words for Wall Street banks, sort of calling them criminals, among other things: New York Fed
The Indian government has restricted the importation of gold. So Indians have switched to silver: Starved of gold, Indians may import record volumes of silver(Reuters)
With the announcement that JP Morgan Chase will pay a $13 billion fine for past crimes against its customers – while the bankers who actually
Another of history’s many lessons is that governments under pressure become thieves. And today’s governments are under a lot of pressure. Before we look at
“How did you go bankrupt?” “Two ways, gradually and then suddenly” – Ernest Hemingway, The Sun also Rises Senate majority leader Harry Reid is on
A couple of comments on recent DollarCollapse posts have included a strange assertion, that the paper money in circulation in the US is all dated
This week both Italy and the US saw their ruling coalitions splinter. First Italy: Italy’s Coalition Teeters as Berlusconi Allies Walk Out Italian Prime Minister
The following chart tells two stories. The first is that the deficit spending and debt monetization of the past few years has calmed the markets.
I have a theory about technical indicators, which is that most people only pay attention to the ones that confirm what they already think. Technicals
Prudent Bear’s Doug Noland marks the fifth anniversary of the collapse of Lehman Brothers — and the near-collapse of the global financial system — by
If history could talk, the first thing it would say is, “Enjoy the tranquil stretches because they’re always temporary.” The past few years were, in
In normal times, today’s combination of record low interest rates and massive infusions of capital into the banking system would ignite the mother of all
It’s been a strange couple of weeks. US stocks are not far from all-time records, both nominally and adjusted for inflation. Home prices are soaring
One of the many, many lessons we should have learned from the 2009 crash is that an economy driven by inherently-unstable – and completely unproductive
It’s easy to assert that big banks and other holders of long-term bonds will be crushed by rising interest rates, but it’s tough to calculate
Cut through the clutter and mainstream media noise. Get free, concise dispatches on vital news, videos and opinions. Delivered to Your email inbox daily. You’ll never miss a critical story, guaranteed.