Via GoldMoney.com,
In this video Philipp Bagus, Assistant professor of Economics at Madrid’s Universidad Rey Juan Carlos and author of The Tragedy of the Euro, and Alasdair Macleod of the GoldMoney Foundation talk about the eurozone facing the problem that is characterised in the
Typically limited to 90 second soundbite-gathering exercises on mainstream financial media, Australia's Finance News Network gives Jim Rogers the chance to discuss much more broadly his outlook not just for 2012 but beyond. Surprised by the false optimism he sees globally, he is not concerned that consensus is too bearish, and worries...
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In order to get to the bottom of every collapse (or death), a forensic analysis of the last minutes of any transition from life to death has to be perormed. So far, we have only had broad strokes of the key events...
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Indicating just what a banana continent Europe has become, we present the latest, December version of the EFSF term sheet, where we want to emphasize just two things. First, as the slide below shows, even with Italian and Spanish bond yields blowing out beyond stratospheric levels, and is now glaringly obvious that Spain and...
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It’s now been two weeks since the Federal Reserve lead a coordinated effort to lower the cost of borrowing Dollars worldwide. While the markets initially hailed this move as a “solution” we’ve since seen that it was in fact an act of desperation/ cushioning of the coming European banking collapse.
The REAL implications of the...
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And so the focus shifts to the quietest neighborhood on the block: "The negative outlook on the province reflects the softening economic outlook, Ontario's growing debt burden, and the extended timeframe to achieving a balanced budget." What's next: someone dares to question the stability of Canadian banks...
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(We used RIMBERRRRR as the title the last several times... trying to keep it fresh here people)
It's not the beginning of the end. That was a few quarters ago. So, the middle of the end for RIM? Or the end of the end?
Via Bloomberg:
Every day after close it is one endless downgrade parade in which any of the permutations of rating agencies and either European sovereigns or banks get up and start playing musical chairs with each other. Then proceed to sit down for the overnight session. One of these days all the chairs will have been...
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A discussion of MF Global, hyper-hypothecation, the ability to creat e
$6 out of $ (like leveraged magic), and Germany renting the penthouse
suite in the European roach motel of unsustainable debt. Go to 12:32 in the video to see yours truly...
Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to read...
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Drudge Report Above Top Secret Huffington Post