Collateral transformation: the latest, greatest financial weapon of mass destruction
byBack in 2006, as the debate was raging whether or not the US had a mortgage credit and housing bubble, I had an ongoing,…
June, 2013
Can the Fed tighten its stance without much side-effect?
byAccording to most commentators, reducing monetary stimulus and winding down the balance sheet of the Fed without major economic disruptions is going to be…
End of QE? – I don’t buy it
byA new meme is spreading in financial markets: the Fed is about to turn off the monetary spigot. US Printmaster General Ben Bernanke announced…
Japan’s easy money tsunami
byThe Bank of Japan has embarked on one of the most inflationary policies ever undertaken. Pledging to inject $1.4 trillion dollars into the economy over the…
France’s cul-de-sac
byOver a year ago, in the midst of an ongoing economic crisis, François Hollande celebrated his victory over Nicolas Sarkozy in France’s presidential elections….
Gold is being supplied by western governments
byThere has been considerable throughput of gold in western capital markets, with substantial buying from all round the world following the April price crash….
John Embry: ‘everyone should look at Zero Hedge’
byEpisode 131: GoldMoney’s Andy Duncan talks to John Embry, Chief Investment Strategist at Sprott Asset Management (www.sprott.com), about the “Great Gold Takedown”, the road…
A prudent second best
byA great post by George Selgin: Is there a prudent second best? I don’t think I’m adding anything original but as I understand things, George’s…
Haldane: bond bubble is the biggest threat to financial stability
byVia City A.M., Bank official: Bond bubble is the biggest threat to financial stability | City A.M.. OUTSPOKEN Bank of England official Andrew Haldane warned…
Roubini attacks the gold bugs
byEarlier this month, in an article for “Project Syndicate” famous American economist Nouriel Roubini joined the chorus of those who declare that the multi-year run up…