Unstoppable: why this crisis will keep unfolding
When the tectonic plates underneath society shift, confusion reigns, together with wishful thinking. It appears that financial markets have again managed to get themselves…
The second crisis of socialism
The world is facing the worst financial crisis since at least the 1930s “if not ever,” the Governor of the Bank of England said…
Gold “bubble” bursting? – I don’t think so
Previously published at Paper Money Collapse on Wednesday, 4 October. In today’s Financial Times Mark Williams argues that the recent correction in gold means…
Götterdämmerung – Germany is finished
First published at Paper Money Collapse on Friday: What disturbing and nauseating image greeted us this morning from the covers of the morning papers:…
Faster, Pussycat! Print! Print!
It is a beautiful autumn day in London, unseasonably warm and sunny, the city looking its very best, and I am trying to find…
Operation Twisted Logic – Why the Fed is the problem, not the solution
I wrote the following essay yesterday for TheStreet.com. Yesterday the U.S. Federal Reserve delivered no real surprises. Its new policy was expected by the…
A Band-Aid for a cancer patient
This was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the…
The bureaucracy versus you
The global finance bureaucracy is clueless. Its policies are failing. Yet, the bureaucracy is not giving up. The same tired and idiotic explanations for…
No way out – why policy advice is futile, and what you should do instead
First of all, apologies appear to be in order. Over the past six weeks, my commentary on the Schlichter Files was somewhat sporadic. I…
Financial markets still don’t get it
Apologies if the title of this Schlichter-file sounds somewhat arrogant but after the events of the past three weeks I may perhaps be forgiven…