charleshughsmith.blogspot.com / by Charles Hugh Smith / AUGUST 29, 2016
Central banks can only do one thing, and that’s provide monetary welfare for the wealthy.
The fact that central banks provide welfare for the wealthy is now entering the mainstream. The fact that all central bank policies since 2008 have dramatically increased wealth and […]
davidstockmanscontracorner.com / by David Stockman / August 29, 2016
……….The inexorable effect of contemporary central banking is serial financial booms and busts. With that comes increasing levels of systemic financial instability and a growing dissipation of real economic resources in misallocations and malinvestment.
At length, the world becomes poorer.
Why? Because gains in real […]
gata.org / CHRIS POWELL / August 28, 2016
Dear Friend of GATA and Gold:
Mining stock promoter Bob Moriarty, proprietor of 321Gold.com and author of the new book “Nobody Knows Anything,” was at least speaking for himself the other day when he claimed that central banks care a lot about interest rates but not at […]
wallstreetexaminer.com / by Michael E. Lewitt via Money Morning / August 28, 2016
With central banks owning $25 trillion of financial assets and sovereign wealth funds owning countless trillions more, it is time to ask whether capitalism as we know it is a thing of the past.
These non-economic actors have different motivations than traditional […]
zerohedge.com / by Tyler Durden / Aug 25, 2016 6:05 PM
“All our risk analysts are trying to peel the onion to understand if this is all correlated or if there’s something we can find that isn’t correlated,” Carsten Stendevad, the chief executive officer of ATP, said in an interview in Copenhagen. “The truth is, […]
mises.org / Rodion GiniyatullinVincent Steinberg / Aug 26, 2016
The Western welfare states know many ways to get rid of their enormous sovereign debt — at great cost of their citizens. Once the debt burden becomes unbearable, the government simply reforms the currency. Then, the government debt will be “adjusted” with the private wealth of […]
schiffgold.com / BY SCHIFFGOLD / AUGUST 25, 2016
No other economic concept has created as much confusion and in-fighting among economists as the idea of inflation. Along with its antithesis deflation, they have been the boon and bane of many monetary policy makers, detractors, and admirers for decades.
But what does inflation really mean? […]
zerohedge.com / by Valentin Schmid via The Epoch Times / Aug 25, 2016 10:22 AM
Warren Buffett claims that gold is worthless because it doesn’t produce anything. Fair point, but what if the other sectors of the economy also stop producing?
“If you think of gold, the only way gold loses is if normal […]
zerohedge.com / by Tyler Durden / Aug 25, 2016 10:02 AM
With 85% of Wall Street telling Citi they expect a “dovish hike signal” from Yellen tomorrow, which means a polite request for another BTFD opportunity, even if as BofA says “expectations for a dovish Fed are coinciding with macro strength in the US (most […]
gainspainscapital.com / By Graham Summers / August 25, 2016
The most critical element of the BREXIT is that it is THE closing bell being rung on the period of Centralization from 2009 to today.
What do I meant by Centralization? I am referring to the era of Central Planning of the global economy by Central […]
zerohedge.com / by Tyler Durden / Aug 24, 2016 12:02 AM
Over the weekend, we posted Matt King’s latest must read report, which showed “seven signs of a deeply dysfunctional market“, and in which the Citi head credit strategist joined Paul Singer’s warning, cautioning about “surprising, sudden, intense” tail risks, driven by failed central […]
caseyresearch.com / August 23, 2016
Banks are “reaching for yield.”
You’ve probably heard us use this phrase. We normally say it when we’re talking about investors who buy risky assets in hopes of getting a decent return.
You see, it’s become very hard to earn a decent return in bonds over the last few […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, AUGUST 23, 2016
There’s something fishy about this “new all-time highs” rally of 2016. It’s interesting to take a longer-term view of the S&P 500 (SPX). Looking at a 10-year chart, the decline from almost 1,600 to 667 in the Global Financial Meltdown of 2007-2009 doesn’t look […]
mises.org / Daniel Fernández Méndez / Aug 22, 2016
When World War I began, many analysts believed that the international gold standard would keep the war short. A war of attrition was not thought to be possible because the disciplining effects of the gold standard — capital flight and gold outflow — were supposed to […]
news.goldseek.com / By Graham Summers / 23 August 2016
A quick question for the “recovery” enthusiasts…
If the recovery is real and as strong as the “data” suggests… why are Central Banks engaged in the most aggressive stimulus in history?
According to the official data, the EU’s Services and Manufacturing PMI’s were 53.1 […]
zerohedge.com / by Tyler Durden / Aug 23, 2016
Just yesterday we posted a letter written by Jeffrey Miller (here) where he eviscerated Central Banks for the lunacy of their policies which have created complete complacency in the markets. The problem, as we pointed out, is that the Fed has lost all credibility by […]
zerohedge.com / by Tyler Durden / Aug 23, 2016
Last week’s TIC data confirmed something the Fed’s Treasury custody account has indicated for the past several months: foreign demand for US government bonds has not only tumbled, but there has been aggressive selling.
So much so, in fact, that in the past 12 […]
zerohedge.com / by Tyler Durden / Aug 22, 2016 12:30 PM
There is an odd infatuation among Japan’s ruling elite with fantasy characters: last June, BOJ governor Haruhiko Kuroda, who is running the greatest monetary experiment in history, essentially compared himself to Peter Pan in a speech at a formal speech during the BOJ-IMES […]
milesfranklin.com / by Andrew Hoffman | Aug 20, 2016
This weekend, I’m going to act as your “spirit guide,” in our ongoing quest to save ourselves from the Hitler-esque “elites” that have commandeered monetary policy and financial markets – in the process, destroying global economic activity, political stability, and fiat purchasing power. This same scenario […]
zerohedge.com / by Tyler Durden / Aug 22, 2016 10:25 AM
One of the big fears among the bond market, where most participants now openly admit there is a “bubble in credit”, is that an unwind in global bond yields would lead to substantial losses. To test this assumption, Bank of America’s Ralf Preusser looks […]
deviantinvestor.com / by Gary Christenson / August 22, 2016
The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:
Massive inflation: a bad choice
Default: an even worse choice
From Jim Rickards (Strategic Intelligence – Sept. 2016 issue):
“Given the nonsustainability […]
David A. Grogan | CNBC Paul Singer speaking at Delivering Alpha 2015 in New York.
davidstockmanscontracorner.com / By Kate Kelly, CNBC • August 19, 2016
In a bleak new letter to investors, Paul Singer’s Elliott Management warns that the bond market is “broken” and that when the central bank actions of recent years no […]
gata.org / By Tim Wallace via The Telegraph, London / August 19, 2016
Royal Bank of Scotland will impose negative interest rates on some of its biggest customers from Monday, as central banks’ sub-zero policies start to bite.
The 70 largest companies that are heavily involved in financial trading, including other banks and pension funds, […]
gata.org / By Henry Sanderson via Financial Times, London / August 19, 2016
The body charged with regulating London’s $5 trillion a year gold market says banks in the city are backing its plans to bring greater transparency to the market as the London Metal Exchange prepares to launch a gold futures exchange.
schiffgold.com / BY SCHIFFGOLD / AUGUST 19, 2016
The US Federal Reserve Presidents have been busy this week, flexing their speculative muscles and antagonizing the markets. In case you missed it, here’s everything they’ve been up to in the past seven days.
Global Banks Abandon US Bonds: Largest Selloff since 1978
In total, $192 billion […]