Logo Background RSS

Advertisement

» silver

  • Interest Rates Spiking Everywhere
    By on May 20, 2015 | No Comments  Comments
    Just as ultra-low interest rates start to seem normal, the markets decide otherwise. US 10-year Treasury bonds yielded about 1.9% in April and are now above 2.20%: And the trend reversal isn’t limited to the US. Across Europe and Asia rates have spiked in the past month. From Bloomberg: What doe...
  • No Money, No Growth
    By on May 19, 2015 | No Comments  Comments
    Last August, the US Fed stopped creating new currency out of thin air and dumping it into the banking system. Which is another way of saying the US money supply stopped growing. Here’s the adjusted monetary base — a proxy for the amount of new currency the Fed is creating — over the past eight...
  • US Nearing Recession, Dollar Falling Hard
    By on May 14, 2015 | No Comments  Comments
    The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a country can have a rapidly-appreciating currency with all the benefits that that confers, and strong economic growth with all the obvious advantages that that confers, ...
  • The End Is Near, Part IV: Peak Trophy Asset Inflation
    By on May 13, 2015 | No Comments  Comments
    Stories about insane prices being paid for unique (and some not so unique) things are now a daily occurrence. A few examples: Picasso’s Women of Algiers smashes auction record (BBC) – Picasso’s Women of Algiers has become the most expensive painting to sell at auction, going for $160m (£102....
  • Japan Hits The Easy Money Wall. We May Be Next.
    By on April 29, 2015 | No Comments  Comments
    Japan, whose monetary policy is by far the world’s most expansive, just reported retail sales that soared on the wings of all that newly-created currency. Just kidding. Retail sales tanked: Japan Retail Sales Slump Flashes Warning Signal for Kuroda (Bloomberg) – Japan’s retail sales fell in M...
  • The End Is Near, Part 1: The War On Cash
    By on April 28, 2015 | No Comments  Comments
    As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral evolution can be traced by simply listing the things on which they declare war. Not so long ago, for instance, the world’s good guys — the US, Europe’s democracies and a ...
  • US Factories Crushed By Strong Dollar
    By on April 27, 2015 | No Comments  Comments
    Government statistics are always suspect, for at least one obvious reason: Modern economies are way too big and complex to measure in real-time. So virtually every number is revised in the months after its release, frequently to the point of saying something very different. But by then lots of new d...
  • Is The Credibility Bubble Bursting?
    By on April 21, 2015 | No Comments  Comments
    In a fiat currency system, perception is, by definition, everything. Paper money has no intrinsic value. So the people saving it and accepting it in exchange aren’t expressing faith in the money itself but in the competence and honesty — and power — of the institutions managing it. Let that fa...
  • We’re All Hedge Funds Now
    By on March 26, 2015 | No Comments  Comments
    As negative interest rates spread from Switzerland, Japan and Germany to the rest of the developed world, people with money to invest face some life-defining choices. Retirees who need to generate 6% to avoid dipping into principal can’t get there with bank CDs. Pension funds that have promised an...
  • How Low Can The Euro Go? (Or Is That The Wrong Questi...
    By on March 15, 2015 | No Comments  Comments
    The euro is tanking again, as the ECB starts buying bonds for its long-promised “whatever it takes” QE program. Today’s exchange rate move is dramatic enough to generate headlines like this, from Forbes: Euro Nears Parity With U.S. Dollar And the decline is accelerating: What we’re seeing h...
  • Apple iWatch and Some Crazy Gold Numbers
    By on March 10, 2015 | No Comments  Comments
    As Apple starts selling its new smart watch there are some, well, crazy-sounding predictionscirculating about the amounts of gold the company might soon be buying. The math goes like this: Each gold version of the watch will contain around two ounces, and the company might sell 10 million of them a ...
  • Lowest Interest Rates EVER!
    By on March 2, 2015 | No Comments  Comments
    Business Insider’s Myles Udland just posted a chart, drawn from research by the Bank of England, showing interest rates for the past 3,000 years. And for all those who’ve been feeling like today’s “new normal” is actually profoundly abnormal, here’s your proof. It turns out that interest...
  • This Is What Gold Does In A Currency Crisis – E...
    By on January 25, 2015 | No Comments  Comments
    Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone citizens have also responded predictably, by converting their unbacked, make-believe, soon-to-be-worth-...
  • Scenes From a (Suddenly) Nude Beach
    By on January 3, 2015 | No Comments  Comments
    Warren Buffett’s classic observation that “You only see who’s swimming naked when the tide goes out” is being tossed around more frequently these days, as the world gets yet another deflation scare. Zero Hedge just published a great piece on this topic, which should be read in its entirety. ...
  • 2014 In Review: How Could Gold Bugs Have Been So Wron...
    By on December 30, 2014 | No Comments  Comments
    Twelve short months ago, the immediate future looked like a lock. Overvalued equities had to fall, ridiculously-low interest rates had to rise, and beaten-down precious metals had to resume their bull market. The evidence was overwhelming. Debt in the developed world had risen to $157 trillion, or 3...
  • Does Surging Demand for Gold and Silver Coins Signal ...
    By on October 7, 2014 | No Comments  Comments
    Reports of individuals snapping up near-record numbers of gold and silver coins are coming in from around the world: U.S. Mint American Eagle gold coin sales set to rise sharply in Sept (Reuters) – The U.S. Mint has sold nearly 50,000 ounces of American Eagle gold coins so far in September, almos...

Advertisement