Open Letter to Alexis Tsipras
byDear Prime Minister Tsipras, First, congratulations for mustering the popular support to say “no” to the troika. The euro has long offered Greece a…
July, 2015
On To Immense Prosperity: The Brady-Cornyn Monetary Commission Proposes To Lead The Fed Out Of Uncharted Territory
byWe pixel-stained wretches of the Mass Media lately have been busy as ever transfixing you with spectacles. Meanwhile, something really important — softly outside…
Goldhead revisited
byThe following article first appeared in the print edition of The Spectator magazine, dated 4 May 2013. Few assets are more misunderstood than gold….
Laying the Foundations
byAs the Yellen Fed inches painfully towards taking its first ‘data-dependent’ steps to raise rates (albeit with the promise that such a process will…
Central Banks and Our Dysfunctional Gold Markets
byArticle by Marcia Christoff-Kurapovna. Source: https://mises.org/library/central-banks-and-our-dysfunctional-gold-markets Many investors still view gold as a safe-haven investment, but there remains much confusion regarding the extent to…
Zero Hedge: It’s Not Just Margin Debt: Presenting The Complete Chinese Stock Market Ponzi Schematic
bySource: http://www.zerohedge.com/news/2015-07-26/its-not-just-margin-debt-presenting-complete-chinese-stock-market-ponzi-schematic Late last month in “The Biggest Threat To Chinese Stocks: Shadow Lending Crackdown“, we suggested that the pressure on Chinese equities –…
Gold and Gibson’s Paradox
byThere is a myth prevalent today that the gold price always falls when interest rates rise. The logic is that when interest rates rise…
Steve Baker Treasury Select Committee Compilation
byEditor’s Note: In light of Steve being re-elected to the Treasury Select Committee here is a short compilation of some of last year’s highlights….
Jeffrey P. Snider: There Are No New Banks; Dodd-Frank Hits Five
bySource: http://www.alhambrapartners.com/2015/07/21/there-are-no-new-banks-dodd-frank-hits-five/ Today is the fifth anniversary of Dodd-Frank, the erstwhile government response to assure that the Panic of 2008 does not repeat. It…
Zero Hedge: Portugal’s Debts Are (Also) Unsustainable
byPortugal’s Debts Are (Also) Unsustainable Everyone seems to be focusing on Greece these days – a country so indebted that it needs even more loans…