Anyone who continues to believes in the all powerful CB after today is a fool.
Chaos was seen in financial markets today as participants were thrown a curveball with the SNB 'reset'. In just 13 minutes, from 0930 to 0952 BST, the franc collapsed by 30%. Swiss shares fell more than 12% - their largest crash since 1987. Stock markets around Europe fell with investors buying "safe haven" assets such as German bunds and gold bullion ...
How will the US government fund a sudden additional shortfall of $281 per American per year?
Believe it or not, I was much more interested in these ads from 1978, and they are a study.
At the very least, the ‘great recession’ seems likely to continue. A serious recession or depression will likely collapse the already fragile banking system, especially in Europe, and the savings of ordinary people and companies will become exposed to bail-ins.
The greatest trick the ego ever pulled was convincing ‘us’ it does not exist.
We still have a LONG way to go to catch up with Oil, Copper, and Junk Bonds.
In December I proclaimed that we'll likely see multiple crashes for 2015. I don't say this lightly & I have a track record on this topic that's foolish to ignore!
Are we beginning to see the true impact of lower OIL?
The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing.
FBI Counter-Terrorism Expert: ISIS Likely Did NOT Hack Centcom … Anonymous Collective: Centcom Hackers Were In MARYLANDSubmitted by George Washington on 01/13/2015 15:02 -0500
Cyber Caliphate … Or Digital Diversion?
In the first half of this piece, readers were subjected to an exposition on the status quo. We revisited the preposterous paradigm of “too big to fail”, where a Crime Syndicate of private sector mega-banks pronounced themselves so “systemically important” that (supposedly) we could not live without them.
The Fed may raise rates a token amount this year, but the move will be largely symbolic. You can bet there will NEVER be a shock and awe interest rate raise.