Black Swan

"Pounded" - How Not To Manage A Fiat Currency

The Bank of England’s inept monetary policies under Mark Carney’s governorship seem certain to expose the fragility of fiat sterling to wider public attention and skepticism. If the consequences weren’t so serious, we might thank him for unwittingly toppling the status quo. But the inevitable crisis, many times worse than that faced in 1975, cannot be embraced even by the most extreme financial masochist. This is why people in Britain and America will increasingly find solace in gold.

Beware Central Banks' "Illusion Of Control"; Spitznagel Warns "If The Fed Hikes, Markets Will Go Down Very, Very Hard"

"There is this sort of collective psychology that says that the Fed can keep this going, that the Fed is in control. But, in fact, central banks are not in control... Central bank balance sheets are twenty-trillion, the whole global securities and derivatives market is a half-a-quadrillion. So, in fact, central banks are miniscule compared to that. The only thing they have going for them is this collective psychology. It’s an illusion of control."

Citi Lays Out The "Black Swans" That Donald Trump Would Unleash If He Becomes President

With less than 90 days left until the presidential election, Citi's Dana Paterson writes that the "election risks clock starts now." Here is how Citi previews the upcoming US election which "may generate extremely high uncertainty that likely will impose a significant drag on economic growth", and Citi's breakdown of Black Swans, mostly associated with a Trump presidency.

The Looming Financial Crisis Nobody Is Talking About, But Should Be

A chain of events has been set in motion that will expose the massive fraud world banks and governments have perpetuated on their citizens. When fear porn is being promoted on the major networks, keep in mind the real threats to freedom and security will not be openly announced.

Chinese Stocks Sink Over Fears Regulators Will Curb Wealth Management Schemes

Overnight China's Banking Regulatory Commission drafted new rules curbing the nation’s multi-trillion market for wealth management products, which was not taken well by the local stock market, leading to a plunge in stocks in early Chinese trading, before rebounding at the close of trading. China's ChiNext index of smaller companies sank as much as 5.5%.

Why Citi Thinks "The Pokemon GO Threat Is Real"

The avg. U.S. iOS user is spending over 33 minutes playing Pokémon GO each day. This places PG ahead of apps such as Facebook, Snapchat, Twitter, and Instagram. Although we believe that PG is adding some incremental time to total smartphone time, we think it would be wrong to assume that the app’s success is not coming at the expense of other players.... , YouTube and TWTR are seeing the largest decreases in avg. time spent per day.