Which way now – FTSE, Gilts, Sterling and the EU referendum?
byUncertainty is bad for business and the UK will struggle ahead of the referendum Gilt yields have been around 150bps higher than Bunds over…
July, 2015
Zero Hedge: The Greek Bluff In All Its Glory: Presenting The Grexit “Falling Dominoes”
by[Source: http://www.zerohedge.com/news/2015-07-04/greek-bluff-all-its-glory-presenting-grexit-falling-dominoes] Earlier today, Yanis Varoufakis reiterated his core thesis driving the entire Greek approach from day 1 of its negotiations with the Eurogroup: “Europe…
It Is NOT Priced-In, Stupid!
by[This piece, by David Stockman, was originally published here http://davidstockmanscontracorner.com/it-is-not-priced-in-stupid/] Among all the mindless blather served up by the talking heads of bubblevision is the…
Bank Robbery Chapter Four: Economists and the Banking System, 1: from Medieval times to Adam Smith.
byOver the years, many economists have noticed how bank-created money skews the economy, affecting distribution of power and wealth across time and influencing what…
The only game worth playing
by“I cannot leave this subject as though its just treatment wholly depended either on our own pledges or economic facts. The policy of reducing…
Greece’s referendum
byThis coming Sunday Greece will hold its referendum. The question to be asked is not, as the foreign press initially reported it, about leaving…
The euro crisis
byMake no mistake; the Greek crisis is a euro crisis that threatens the solvency of the ECB itself, and therefore confidence in the currency….
Jim Grant Explains “Our” 3 Biggest Financial Mistakes
byThis piece first appeared at Zero Hedge http://www.zerohedge.com/news/2015-06-27/jim-grant-explains-our-3-biggest-financial-mistakes Submitted by Michael Ide via Valuewalk.com, Speaking at Russell Napier’s Library of Mistakes in Edinburgh earlier this…