Posts Tagged ‘ eurozone ’

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


Europe’s Future Comes Into Focus: Hyperinflation

Oct 28th, 2011 | By | Category: Economics, Featured
What struck me most when reading the first responses to the EU summit was this: Most of what you get from the mainstream media pundits or from the financial economists on Wall Street or in the city of London not only misses the relevant points, it usually gets things completely ...read more

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Posted in Economics, Featured | 2 comments


Faster, Pussycat! Print! Print!

Sep 30th, 2011 | By | Category: Gold, Macro Economics
In a recent Financial Times, Martin Wolf writes again about the European debt crisis, a problem for which, so he believes, there is a political solution. Mr. Wolf correctly identifies the problem: Most sovereign states are bust and so are the banks, which are today a protectorate of the state and ...read more

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Posted in Gold, Macro Economics | 2 comments


The Euro, the Dollar and the Future of the Forex

Sep 30th, 2009 | By | Category: Currencies, Featured
The last week has handed us some interesting developments once more, and as we pause to catch our breath again this week, we’ll make note of the important underlying currents and what they may mean going forward. The Pause That Refreshes We saw a short reversal in the recovery trade that has ...read more

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Posted in Currencies, Featured | 7 comments


Dollar Bad, Euro Worse

Jul 20th, 2009 | By | Category: Currencies, Featured
I am very confident in the fall of the euro, despite the obvious and fatal problems with the dollar. Remember that currencies, because they are fiat by nature, are political things. While it is the fundamentals that drive them, one of the overarching problems in our market is the absence ...read more

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Posted in Currencies, Featured | 2 comments


European Bond Spreads

Apr 7th, 2008 | By | Category: Currencies, Macro Economics
THERE IS A TABLE IN THE FINANCIAL TIMES that everyone ought to follow, though it refers to fixed interest securities and moves rather slowly. It is something I regard as a thinking point. It portrays one of the core relationships of global finance, and it is always worth asking oneself ...read more

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Posted in Currencies, Macro Economics | No Comments »


The Dollar’s Continued Fall

Mar 7th, 2008 | By | Category: Commodities, Currencies
“Those who oppose reform may get revolution.” — John F. Kennedy, speaking of Latin America in 1962 THE EURO HIT FRESH ALL-TIME HIGHS VERSUS THE DOLLAR already this month — and we’re only one trading week in. So might U.S. investors want to switch out of gold bullion ahead of Easter this year ...read more

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Posted in Commodities, Currencies | No Comments »


Inflation During Recession

Feb 13th, 2008 | By | Category: Macro Economics
“The U.S. recession is sure to send inflation to zero — just as it didn’t in four of the last five recessions.” WORRIED ABOUT INFLATION? Oh, stop your carping and set an extra place at dinner for the fast-looming recession instead. See, your cost of living can’t possibly keep rising now that ...read more

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Posted in Macro Economics | No Comments »


The Global Effect of the U.S. Dollar

Feb 5th, 2008 | By | Category: Currencies, Macro Economics
From Credit to Money, Part II “Living in a credit era, we cannot go back to a currency era without massive upheavals.” — Robert L. Smitley, Popular Financial Delusions (1933) WHY DON’T WE JUST DO AWAY WITH all the different currencies of the world and settle on one single money to buy, sell, ...read more

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Posted in Currencies, Macro Economics | No Comments »