Archive - Jan 2015 - Blog entry

You can still get gas in heaven and a drink in kingdom come...

The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day. Fail to prepare ... prepare to fail ...

What Themes will continue into the rest of 2015?

US earnings drop materially less than a week after the ECB fires its gun & competing nations only start to react - just like the reaction at the beginning of the Great Depression! Rememberr, this isn' even a shootout yet. Wait until next quarter when the US multinatonals report. Of course, by then it'll be ALL OUT WAR!

It’s terrifying how fast the whole Swiss yield curve sank under the waterline of zero. Now even the 15-year bond has negative interest. The franc has reached the end.

Here's why bankers are the ones driving Lamborghinis and not farmers as Jim Rogers has been saying

Greece will be first, followed by the rest of the PIIGS in Europe. Japan is also on the block as will be the UK and ultimately the US.

Just because we do not acknowledge the binds that tie us to our servitude does not invalidate their existence, but rather significantly strengthens them.

If you are wondering about the morality of a nation or the lack thereof...

Kyle Bass would hold an economic summit every year at his ranch in East Texas. He would kick off the festivities by introducing his sniper friends.

Given that Russia perceives itself to be under financial and economic attack from the West, there is the possibility that they are accumulating more gold than they are declaring officially to the IMF.

De Nederlandsche Bank, the Dutch central bank has denied reports in Reuters, Bloomberg and picked up by GoldCore, that the bank had increased its gold holdings for the first time in sixteen years. IMF data had shown that the Dutch had increased their holdings to 622.08 tonnes.

Straight forward look at the Federal Reserve and what to expect.  

Continued conversations on OIL...how does a trader approach such a trade?

The U.S. government is already bankrupt. This is old news to anyone who has been following the number-crunching of individuals such as former Reagan economic advisor, Professor Lawrence Kotlikoff. The U.S. government, the greatest debtor in the history of the world, claims that it is about to (finally) raise interest rates, which have been permanently/fraudulently frozen at 0% for now over 6 years.

"Oh, he's there to make sure high school kids don't jump in front of a train to kill themselves", I would reply. And you, assuming you come from a place that isn't insane, would be puzzled and appalled at my answer.