Posts Tagged ‘ euro ’

Why Greece Can’t Afford to Stay in the Euro

May 16th, 2012 | By | Category: Economics, Featured, Politics
Sometime in the next few weeks we're going to find out if Greece can afford to stay in the euro. We're also going to find out if Spain and Italy can afford to leave the euro. Access to credit markets is the key issue. The stigma of default will lock ...read more

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Posted in Economics, Featured, Politics | 6 comments


The Euro Crackup

Nov 10th, 2011 | By | Category: Economics, Featured, Gold, International
Watching the euro melt has been like watching a train wreck in slow motion. You knew it was coming. You know which cars on the train are next line to be mashed. There is nothing you can do to stop it. You can only watch as it happens, with one ...read more

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Posted in Economics, Featured, Gold, International | 3 comments


With Immediate Effect

Sep 6th, 2011 | By | Category: Featured
The Swiss National Bank has just announced that it is putting a ceiling on the franc's appreciation against the euro... effectively abandoning its economic sovereignty and putting its future in the hands of woefully corrupt and incompetent bureaucrats. On the news, the franc fell off a cliff, dropping almost 10% INSTANTLY. ...read more

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Posted in Featured | 1 Comment »


Greek Bonds Rally and Other Unrealities

May 10th, 2010 | By | Category: Economics, Featured
The European Union came up with a trillion dollar bailout for itself at the dawn’s early light. Plus, each member gets a Latvian prostitute, gratis. The Germans will love this. It already goosed the Euro back above $1.30 — just when they hoped a lower Euro would help them move ...read more

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Posted in Economics, Featured | 8 comments


Gold, the Euro, and German Hyperinflation

May 6th, 2010 | By | Category: Economics, Featured, International, Politics
With or without hyperinflation, today’s welfare-state obligations — just like 1919’s war reparations — are simply too big to be paid... The Eurozone’s problem? In short, it’s history...precisely what the single currency was supposed to neuter, of course. Greece’s still-pending €110bn bail-out has already cost three lives in Athens’ riots yesterday. ...read more

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Posted in Economics, Featured, International, Politics | 3 comments


Euro Gold and the Euro Zone

Apr 27th, 2010 | By | Category: Currencies, Featured, Gold
I had a conference to attend in Southern California last week but the true capstone was a Sunday evening dinner with several readers. Although ‘gold bugs’ may be perceived in their writing as cranky I have found them to be among the most considerate and cultured company. Perhaps it stems ...read more

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Posted in Currencies, Featured, Gold | 8 comments


Greece, Germany, Gold, Oil and the Dollar

Feb 22nd, 2010 | By | Category: Economics, Featured, International
Basically, Greece is broke. The Greek politicians spent too much money. (Really? Who would’ve thought?) Aided by the wizards of Goldman Sachs, the monetary magicians managed to mask the Greek problem for 10 years or so. But now the solvency problem in Greece is too big to sweep under the ...read more

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Posted in Economics, Featured, International | 5 comments


Will California Be Removed from the United States?

Feb 19th, 2010 | By | Category: Currencies, Featured
Ever since the War Between the States (circa 1860), there hasn’t been a serious (or at least widespread) move for succession from the United States. However, there is a call by some for the State of California to be removed. Have you heard about this? As you may know, California is ...read more

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Posted in Currencies, Featured | 19 comments


Focus on Currencies, Part I

Feb 12th, 2007 | By | Category: Currencies
 What follows is Part I of a focus on currencies including the U.S. dollar index, the yen, the euro, the British pound, and the Canadian dollar. There is a special emphasis on the yen. This analysis covers five factors: Technical analysis Politics Commitment of traders (speculation vs. hedging) of currency futures The carry trade Fundamentals Let's kick ...read more

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Posted in Currencies | No Comments »