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…
Euro
Euro-sclerosis
byThere appears to be little or nothing in the monetarists’ handbook to enable them to assess the risk of a loss of confidence in…
THE TROJAN HORSE BATTLE FOR THE EURO
byAt a recent conference hosted by a major global bank in London I sat on a panel alongside a macro investment strategist who referred…
The euro may be riskier than you think
byFinance ministers in the Eurozone appear to have had a free lesson in game theory from Professor Yanis Varoufakis, the Greek finance minister. At…
Cobden Centre’s Gordon Kerr on Bloomberg on the Euro and European banks
byThe Cobden Centre’s Gordon Kerr can be seen on Bloomberg discussing the Euro and the state of Europe’s banks, which are now in a…
Europe’s Move In The Direction Of More Monetary Mischief
byThe European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September…
Swiss National Bank Throws Banks, Self Under Bus
byIn 1985, Arnold Schwarzenegger played John Matrix in the action movie, Commando. One line stands out. While dangling a bad guy over the edge…
As Germany loses battle for ECB, QE goes global
byWhat is Super Mario up to? First, he gave an unexpectedly dovish speech at the Jackson Hole conference, rather ungallantly upstaging the host, Ms…
‘The system has spun out of control’
byBook Review: The Death of Money: The Coming Collapse of the International Monetary System by James Rickards The title will no doubt give Cobden…
Currency war means currency suicide
byWhat the media calls a “currency war,” whereby nations engage in competitive currency devaluations in order to increase exports, is really “currency suicide.” National…