The Economist

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Oil Tumbles After Saudis Say They Will Freeze Oil Production Only If Iran Joins





And so the great "oil production freeze" rumor, which helped halt oil's plunge after it hit a 13 year low in early February and forced a 50% short squeeze higher,has died after Bloomberg released an interview with Saudi Deputy Crown Prince Mohammed bin Salman, in which when asked if Iran needs to join freeze, he said: "without a doubt. If all countries including Iran, Russia, Venezuela, OPEC countries and all main producers decide to freeze production, we will be among them." 

 
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Americans Have Been Turned Into Peasants – Time To Fight Back?





"Obama’s job was to talk like a marxist, but act like a robber baron. In this regard, his reign has been an unprecedented success." So are you ready to stop being suckers and take back the country?

 
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Saudis To "Modernize" Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace





For the first time since January 2009, 12-month Saudi interbank rates have breached 2.00% - double the 1% lows of August. This 'stress' is also evident in the record pace of collapse of Saudi money-supply and while Riyal forwards have rallied back from extreme bets on devaluation, they remain concerning for Saudi officials who to undertake some deep and fundamental changes to their economy, reforms that no amount of browbeating from organizations like the IMF could induce.

 
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Krugman Goes To Japan, Scolds Abe For Worrying About Quadrillion Yen Debt Pile, Leaves





“About two years ago, I had a pleasure meeting with you, Professor Krugman. We were talking during that time that a rocket has to go out of the atmospheric region, which means that an escape velocity has to be earned in order to lift the Japanese economy out of deflation and we were looking for a good speed to do that. We worry about the accumulated debt. That is a source of another concern. What to do about it?

 
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Sweden's Refugee 'Crisis' Has "Gone Past The Breaking Point"





"No modern welfare state has had an inflow of refugees per capita that’s equivalent to Sweden’s...We’ve gone past the breaking point... people may start wondering whether it's worth paying taxes."

 
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First There Was "Brown's Bottom," Now Gold Gains On "Morneau's Miscue"





Gordon Brown, back when he was the UK Chancellor of the Exchequer, distinguished himself by selling off approximately one-half of Great Britain’s gold reserves at what turned out to be a near-bottom at the end of the secular bear market in gold which lasted from 1980 to 2000-ish. However, the news that the new Canadian Finance Minister Bill Morneau has completed selling all remaining Government of Canada gold reserves may remove Brown's laughing-stock status.

 
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On The Brink of Complete Meltdown





Even if you take the most forward looking date of 2018…we are on the cusp of a major change. Are you prepared?

 
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Keynes: How A Witch Doctor Convinced The World He's A Neurosurgeon





In the Middle Ages, no matter what ailed you, the doctor had one cure: attaching leeches to your body. Today, modern medicine has discredited leeches as a cure-all. We look back on it and laugh. “How could we have been so stupid?" Some things haven’t changed much. The average person is still willing to blindly accept conventional thinking—maybe even more so than he was in the past. Today, he hears the financial equivalent of “more leeches!” and agrees. Conventional wisdom and economic “experts” continually prescribe treatments that we will no doubt look back on and say, “How could we have been so stupid?”

 
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Electric Car War Sends Lithium Prices Sky High





With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s no wonder everyone’s bullish on this golden commodity that promises to become the ‘’new gasoline”.

 
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Buffett’s Math Trumped by Gold





In his annual newsletter to shareholders, Buffett makes the argument that $56,000 today is six times better (even after his adjustment for inflation) than the $858 of GDP per Capita each US Citizen earned in 1929 but forgets to mention that $858 in 1929 was equivalent to 41.5 Troy Ounces of Gold in 1929. When measuring on an apple to apples comparison, there has been little to no gain in GDP per capita over the last 86 years in the United States. We show you the math.

 
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Forward Guidance: The Road Map To Crazy Town





If one puts aside all of the moving metrics and policy talk that happened during Mr. Bernanke’s tenure. How would one assess “the guidance” or the “communications for clarity” we now have emanating from not only the Fed., but also, central bankers globally? Crazy Town is the only thing that comes to my mind. (Hint: look to the SNB or BoJ for clues)

 
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"Trump Must Be Stopped" Plead 'The Economist' And CFR As Financial Establishment Panics





When such stalwart titans of financial establishmentarianism as the Council of Foreign Relations and "The Economist", who until now had been largely ignoring Trump's ascent in the political hierarchy finally unleash an all out assault and go after Trump on the very same day, you know that the flamboyant, hyperbolic billionaire has finally gotten on the nerves of some very high net worth individuals.

 
Gold Money's picture

How the Economist(s) manipulate gold's value in one chart





Todays “Chart of the Day” from The Economist makes an attempt to show that gold isn’t doing any better when it comes to preserving buying power than currencies such as the Swiss Franc (CHF) or the Japanese Yen (JPY). Roy Sebag, co-founder of BitGold and CEO of GoldMoney, took the liberty to point out the obvious (and many) flaws in their chart (see his comments below):

 
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The Follies & Fallacies Of Keynesian Economics





Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest and Money. With it was born what has become known as Keynesian Economics. In the process Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political intervention throughout the market.

 
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You Know It's Over When...





Even The Economist is forced to admit to all the misplaced faith in the economic-healers...

 
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