by David Stockman • December 8, 2014 We are now far advanced into the third central bank generated bubble of the last two decades, but our monetary politburo has taken no notice whatsoever of its self-evident leading wave. Namely, the massive malinvestments and debt mania in the shale patch. Call them monetary bourbons. It is no exaggeration to say that inhabitants of the Eccles Building[...]
Tag: Financial Crisis
NIRP Arrives In The US: TBTF Banks Tell Customers To Move Their Cash Or Be Charged Fees
Back in June, the world was speechless when Goldman's head of the ECB, Mario Draghi, stunned the world when he took Bernanke's ZIRP and raised him one better by announcing the ECB would send deposit rates into negative territory, in the process launching the Neutron bomb known as N(egative)IRP and pushing European monetary policy into the "twilight zone", forcing savers to pay (!) for the[...]
The Retail Apocalypse Accelerates: Collapsing Holiday Sales Are A Signal That A Recession Is Coming
By Michael Snyder, on December 1st, 2014 Retail sales during the four day Thanksgiving weekend were down a whopping 11 percent from last year. This is a “make or break” time of the year for many retailers, and if things don’t turn around during the coming weeks we could see a tsunami of store closings in January and February. As you read this article, there is already more than a billion[...]
Global Business Outlook: “Darkest Picture since Financial Crisis.” “US of Greatest Concern”
by Wolf Richter The plunging price of oil since June has been a leading indicator: global economic growth is in trouble, despite six years of unprecedented central-bank free-money policies that caused asset prices to soar but has accomplished little else. This scenario has now been confirmed by businesses that help drive the economy forward – not by economists and Wall Street hype mongers:[...]
Grandmaster Putin’s Golden Trap – Forget Misplaced Sentiment, Position to Profit From the Financial War
By Dmitry Kalinichenko Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold. Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But[...]
Gold Repatriation Stunner: Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed
A week ago, we penned "The Real Reason Why Germany Halted Its Gold Repatriation From The NY Fed", in which we got, for the first time ever, an admission by an official source, namely the bank that knows everything that takes place in Germany - Deutsche Bank - what the real reason was for Germany's gold repatriation halt after obtaining a meager 5 tons from the NY Fed: ... the gold community[...]
Santelli Goes Ballistic: “I Feel Like I’m Living In A Cartoon” – Video
Having noted rather pointedly that "there's a subsidy in the marketplace that's worked out definitely to those that are holding equities," Santelli warns, when The Fed removes it, "it creates a problem for equities." However, when he is asked about the disconnect between the bond market (rates) and what The Fed is telling us, Santelli rightly explodes, lambasting the 'Hatzuis' of the world, "if[...]
Insider Exposes Shocking Truth On German Gold Repatriation
Today the original architect of Germany’s gold repatriation movement stunned King World News with the truth about what is really happening with the effort to get Germany’s gold back onto German soil. What he had to say will surprise readers around the world. Eric King: “Peter, you were one of the primary architects of this movement in Germany to repatriate Germany’s gold.” Boehringer: [...]
Gold Price Forecast Per US Federal Reserve Balance Sheet
By Vronsky Since 1999 the gold price has moved in concert with the growth in the US Federal Reserve Balance Sheet…including the recent correction in both during the past three years. Accordingly, the following objective analysis will forecast the gold price out to 2016…based solely on historical Central Bank data. The above chart estimates two Balance Sheet growth rates from 2012-2016[...]
The World Is Run By Fools, And We Let Them
by Raúl Ilargi Meijer Dumb and Dumber To, the sequel after 20 years, was released recently. Unfortunately for Jim and Jeff and the Farrelly brothers, unintended humor will always be funnier than the scripted kind, no matter how hard Hollywood tries. Case in point: the Dumber slapstick was easily upstaged over the past few days by the G20 summit in Brisbane. Not only did the pedantic[...]