For a while there it looked like Europe was beginning to dig itself out of the pit into which it had fallen after the 2008
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)
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
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 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
Mortgage REITs are companies that borrow money to buy mortgage backed securities (MBS) and earn the spread between their cost of funds and the yield
Interest rates soared again last week. This weekend a lot of people are running a lot of numbers and getting some terrifying results. It seems
They say that one sign of creeping old age is that memories from past decades are more vivid than those from past days or weeks.
It’s safe to say that as this is written at noon EST on Monday the 24th, every economic policymaker in this hemisphere (and a lot
It’s safe to say that the Federal Reserve, along with everyone else who thinks of themselves as in charge of the economy, would like a
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