• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

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May 3rd, 2016

Tyler Durden's picture

Ken Rogoff's Shockingly Simple Advice To Emerging Markets: Hoard Gold





For some time, the rich countries have argued that it is in everyone’s collective interest to demonetize gold. But there is a good case to be made that a shift in emerging markets toward accumulating gold would help the international financial system function more smoothly and benefit everyone.

 

Tyler Durden's picture

China Threatens Its Economists And Analysts To Only Write Bullish Reports, Or Else





While in the US and the rest of the free world, anyone who holds a less than bullish view of things is simply marginalized as a conspiracy theorist, ridiculed by establishment economists and pundits, is the recipient of mainstream media hit pieces, or denigrated by the president as "peddling fiction", China has decided to take a more blunt approach: "securities regulators, media censors and other government officials have issued verbal warnings to commentators whose public remarks on the economy are out of step with the government’s upbeat statements."

 

Tyler Durden's picture

Caught On Tape: Massive Brawl Breaks Out In Turkish Parliament





Tensions were already high as Turkish president Erdogan has been accusing HDP of ties to the outlawed Kurdistan Workers' Party (PKK), and the fight started as the two sides debated a constitutional amendment that would strip lawmakers of their legal immunity...

 

Tyler Durden's picture

How Many More 'Molenbeeks' Are There In France?





"There are today, we know, a hundred neighborhoods in France that present potential similarities with what's happened in Molenbeek." - Patrick Kanner, Minister for Urban Areas.

 

Tyler Durden's picture

"Smart Money" Has Never Been More Bearish On Silver





For the moment, silver’s intermediate-term bull market remains in force, albeit with a record level of bearishness on the part of the “smart money”.

 

Tyler Durden's picture

When Is A Boot On The Ground Not A Boot On The Ground?





No one disputes that U.S. military forces are fighting in combat in Iraq and Syria -- except maybe President Barack Obama and some members of his administration.

 

Tyler Durden's picture

"The TTIP Is Doomed" - France Threatens To Reject Obama's Huge Transatlantic Trade Deal





Following this weekend's leak by Greenpeace demonstrating not only that the TTIP is driven entirely by narrow corporate interests, but that Obama is openly willing to reneg on his pro-environment agenda just to pass the Transatlantic Treaty at any cost, the blowback arrived earlier today when France became the first major European nation which threatened to reject the huge free trade deal between the U.S. and the European Union, because according to AP "it's too friendly to U.S. business and probably doomed."

 

Tyler Durden's picture

Meanwhile, Traders Are Getting Angrier With Every Passing Day





"We’re condemned to serial bouts of severe volatility having been trained to dismiss real and knowable risks as just improbable black swans....  Central banks can’t keep giving markets everything they want, or the volatility in the end will be catastrophic"

 

Tyler Durden's picture

When A Nation Is Doomed - A Definition...





Cynics, skeptics, and fiction-peddlers are frowned upon by the Obama administration (and the mainstream media) when it comes to our glorious leader's economic miracle. So we thought a simple litmus test might be useful to judge just how 'doomed' the nation really is...

 

Gold Money's picture

Something’s got to give in the oil market





Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back end of the curve will move sharply higher.We estimate that in order for time-spreads to move back in line with inventories, either front end prices have to sell off by USD10-15/bbl or the back end has to appreciate USD15-20/bbl. Given the parameters of our gold pricing model, the latter would imply roughly a USD100-150/oz rise in the gold price. 

 

Tyler Durden's picture

A Surprise From JPM: "Pundits Are Urging Investors To Chase Performance; We Believe This Would Be A Mistake"





"Equities had a meaningful rebound from the February lows, and we now find many who didn’t want to add at the time, are looking to enter the market at these levels. Indeed, pundits are urging investors to “chase performance”. We believe that this would be a mistake; complacency has crept into the market again, technicals appear overbought and the upturn in activity appears to be stalling."

 

Tyler Durden's picture

U.S. Gasoline Prices Hit 6 Month High, Keep Rising





The average price of gas in the United States is now at $2.22, up 8 cents over last week, hitting a 6-month high. This, in stark contrast to February’s ultra-low gas prices of $1.68 per gallon - a level that had not been since the end of 2008. The 30% surge off the lows is the largest seasonal spike since 2007...

 

Tyler Durden's picture

Treasury Yields Tumble Most In 3 Months Despite Fed's Williams Warning





Having pushed higher yesterday, it appears 'investors' have had a sudden change of heart and are panic-buying bonds today, despite Fed's Williams warning that: WILLIAMS SAYS U.S. TREASURIES ARE PRICED EXTRAORDINARILY HIGH. Treasury yields are down 5bps (2Y) to 9bps (10Y) with non-stop buying since Europe opened. 30Y yield's 7.5bps drop is the biggest since Feb 18th, pushing the yield back to its 20-day moving average.

 

williambanzai7's picture

AMeRiKaN GoTHiC CRuZ...





Time to put this moron out of our misery.

 
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