Something Huge Is Coming From Japan
July 3, 2016
28 Comments
Pretend, for a minute, that your country responds to the bursting of a credit bubble by borrowing unprecedented amounts of money and using it to
Japan
Why We’re Ungovernable, Part 14: Austria’s Two (Formerly) Main Political Parties Watch Election From The Sidelines
May 22, 2016
3 Comments
Austrians went to the polls today to elect a new president. But for the first time in living memory the country’s two mainstream parties —
A Currency War Battle That Europe and Japan Can’t Afford To Lose
May 2, 2016
17 Comments
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign
Is This The Debt Jubilee?
March 17, 2016
21 Comments
Not so long ago the financial world viewed certain numbers as limits beyond which lay trouble. Interest rates near zero, for instance, were thought to
China Cannot Let This Happen
September 23, 2015
30 Comments
After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow
This Is Actually Going To Happen Next Year
September 13, 2015
34 Comments
The intellectual groundwork is being laid for the next stage of the Money Bubble, and it’s going to be epic. Here are excerpts from two
Stocks Tank In Last 15 Minutes; Correction Not Done?
August 25, 2015
7 Comments
That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes
The Fed Talks And The Market Tanks. That’s Different
August 20, 2015
13 Comments
Normally there’s a distinct pattern to the impact of Federal Reserve statements on the financial markets. The tone of equities trading in particular starts to
The Only Thing Growing Is Debt
July 16, 2015
8 Comments
The past few days have seen another batch of blah economic reports in the US: Weak U.S. retail sales hint at slower economic growth (Reuters)
Is The Fake Recovery Becoming Real? And Would That Be As Bad As It Seems?
June 19, 2015
19 Comments
The homebuilders are happy. US retail sales are up. Even France is “turning the corner.” And now the Atlanta Fed, which has lately been both
We’re All Greek Now — Some Just Don’t Know It Yet
June 15, 2015
28 Comments
Let’s see…a heavily-indebted country can’t pay its bills, engages in a long series of failed attempts to manage a partial, controlled default, sees most of
Deflation Shock Coming? Part 2: Even Here
May 15, 2014
15 Comments
While the rest of the world is slowing down and in some cases dropping into actual deflation (see here and here, respectively) the US has,
Debt Makes You Dumb, Japanese Edition
April 1, 2014
16 Comments
Debt works the same way for countries as for families and individuals. That is, if you borrow too much, your life begins to suck. And
Welcome to the Currency War, Part 7: The Zero Sum Game
April 11, 2013
8 Comments
Based on the past few weeks’ stock market action, Japan’s decision to flood the world with yen looks like a raging success. It’s not of
Tom Cloud: The Pieces Are In Place For A Gold Rally
January 4, 2013
9 Comments
In this week’s talk with Tom Cloud of National Numismatic Associates, he explains why the upcoming debt limit negotiations are a bigger deal than the