Archive - Blog entry
July 22nd, 2014
Proof? We Don't Need No Stinkin' Proof!
History is replete with the total failure of Central Planning. Whether one look to China or the USSR or the US today, Central Planning has never successfully worked. It creates the illusion of stability in the short-term, but eventually the truth comes out: that it is a TERRIBLE means of deploying capital (both human or monetary).
Message to Main Street: "The only sensible way to live in this world is as greater fools..."
Then comes the moment when the hot money evaporates.
Bank of England officials led by Mark Carney, the Bank of England governor, are attempting to bridge sharp differences among leading G20 countries as they prepare a landmark set of proposals aimed bringing in the new bail-in regime. The issue is of major consequence also to depositors who could see their savings confiscated as happened in Cyprus. Bail-ins are coming to banks in the western world with consequences for depositors.
Video of Rebel Buk Launchers Headed Back to Russia? No – Images From Ukraine-Held Territory Since May
WITH A BANZAi7 FOOD AND BEVERAGE WARNING...
Today we’re going to explain what the “final outcome” for this process will be. The short version is what happens to a cancer patient who allows the disease to spread unchecked (death).
The MH-17 tragedy could mark a pivotal moment in the worst crisis between Russia and the West since the Cold War. Geopolitical risk is extremely high today. As it was in 1914. With the U.S. seeking to impose tough new sanctions on Russia, we appear to be on the verge of a new and more intense phase of currency wars and indeed of an economic war. Indeed, a millitary confronatation with all that entails cannot be ruled out ...
August gold GCQ14 and September silver SIU14 contract purchases spiked the exact moment Malaysia Airlines reported MH17 missing. Coincidence or tragedy profiteering? You decide.
The Stupid ... It Hurts
RJ Reynolds has been ordered by a Florida jury this Friday to pay a total of $23.6 billion to the widow of a chain-smoker that had filed a suit against the company. It’s possibly the largest single plaintiff payout in history for a tobacco manufacturer to date.
Go ahead, pass it around...
A dispassionate look at the issues and events shaping the investment climate in the week ahead.
At some point there is going to be a sea change in bonds. The question is does the last week in July finally cause the Sea-Change in Bonds?