Who’s Next? China Finally Starts Snapping Up Gold Miners
One (perhaps the only) bright spot in the past few years’ gold market has been Chinese and Indian demand for the metal. Here’s a chart,
One (perhaps the only) bright spot in the past few years’ gold market has been Chinese and Indian demand for the metal. Here’s a chart,
The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a
Stories about insane prices being paid for unique (and some not so unique) things are now a daily occurrence. A few examples: Picasso’s Women of
Most talk of currency war focuses on the problems caused by countries devaluing their money. This does indeed cause a lot of problems, especially long-term
As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral
Government statistics are always suspect, for at least one obvious reason: Modern economies are way too big and complex to measure in real-time. So virtually
In 2005 a New Jersey car dealer named Chris Duane started questioning the system that let his customers borrow ridiculous amounts of money to buy
One of the defining traits of financial bubbles is the willingness of traders and investors to interpret pretty much everything as a buy signal. Rising
In a fiat currency system, perception is, by definition, everything. Paper money has no intrinsic value. So the people saving it and accepting it in
One of the oddities of floating exchange rates is that they cause people to view the world in terms of their own national currency. For
As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining
The way markets usually work is that on any given day (or in any given year) some asset classes are up while others are down.
The following is an edited excerpt from The Money Bubble: What To Do Before It Pops: During a 2011 congressional banking subcommittee hearing, Texas congressman
Australia just fired a serious shot in the currency war by cutting its overnight lending rate to a record-low 2.25%. With the aussie as a
Business Insider just posted a Deutsche Bank chart that illustrates the difference between life under the Classical Gold Standard and today’s “modern” forms of money.
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