Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with,
Switzerland, as everyone knows by now, has slipped out the back door of the drunken orgy that is the modern financial system. And the other
A few years ago (when the world was very different) veteran mining analyst Jay Taylor told me something that seemed counterintuitive: Deflation can actually be
Warren Buffett’s classic observation that “You only see who’s swimming naked when the tide goes out” is being tossed around more frequently these days, as
Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down.
The world’s central banks and derivatives traders have been having their usual fun with gold and silver lately, dumping huge volumes of futures contracts into
By now it’s an article of faith within the sound money community that most major countries have borrowed so much that they’re left with only
The folks at Gresham’s Law just published a nifty interactive chart of real (i.e., inflation-adjusted) interest rates since the 1960s that explains a lot about
Excerpted From The Money Bubble: What To Do Before It Pops by James Turk and John Rubino: In a very real sense, it is fractional
Last year the world kind of forgot about Europe. After ECB head Mario Draghi vowed to “do whatever it takes” to get the Continent growing,
Most people learn by the age of 10 or so that making promises is easier than keeping them. That’s why really big promises like corporate
Today the US took its next-to-last stab at calculating First Quarter GDP, and the downward revision was impressive even by recent standards. It now appears
In one sense, energy doesn’t matter all that much to what’s coming. Once debt reaches a certain level, oil can be $10 a barrel or
For all those analysts (including this one) who thought the debt binge of the previous decade marked end of the Age of Leverage, well, not
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