• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

Housing Prices

Tyler Durden's picture

"Giant Wave Of Money" Heads For Sweden, As Draghi Creates "Nightmare" For Riksbank





"The nightmare for the Riksbank board is maybe something like this: they are gathered in the south of Sweden, looking out over the Baltic Sea, when they see a giant wave of money coming in from the euro zone and try to fight it with a hose."

 
Tyler Durden's picture

The Fed Can’t Raise Rates, But Must Pretend It Will





"We can look forward... not precisely to a 1929-type depression, but to an inflationary depression of massive proportions."

 
Tyler Durden's picture

Will This Manic Stock Market Rally End In Tears?





Can the stock market completely ignore these five key changes and keep powering higher on the fumes of Mario Draghi's promises?

 
Tyler Durden's picture

Slumping Crude Will Send Norway To ZIRP As Economy Careens Toward Recession





With crude prices still stuck in the doldrums, economists at Handelsbanken say the Norges Bank will soon be forced to cut rates to zero in order to stave off a looming recession. What we want to know is this: if the housing bubble that the Norges Bank has helped to inflate bursts, how does the central bank plan to deal with the fallout (which will be amplified by the economic drag from low oil prices) when it has exhausted its counter-cyclical capacity by cutting rates to zero?  

 
Tyler Durden's picture

This Is What Happens After Three Years Of Negative Interest Rates





Property prices in Copenhagen have risen 40-60 percent since the middle of 2012, when the central bank first resorted to negative interest rates to defend the krone’s peg to the euro.

 
Tyler Durden's picture

China's Red Capitalism Is The New Black Swan





From the bowels of Australia’s iron ore mines to the top of Dubai’s pointless 100 story office towers, the entire warp and woof of the global economy has been distorted and bloated by the central bank money printing spree of the last two decades, led by the red credit machines of Beijing. Everywhere economies have succumbed to over-building, over-consumption, over-financialization and endless dangerous, unstable speculation. Stated differently, China’s red capitalism is the new black swan. There is nothing rational, stable or sustainable about it.

 
Tyler Durden's picture

Getting History Right - Saving Capitalism From Monetary Mismanagement





Capitalism isn’t – wasn’t – the problem. The culprit instead was unsound finance and deeply flawed monetary management. In short, Capitalism cannot function effectively within a backdrop of unfettered cheap finance. Things appear miraculous during the boom, and then the bust discombobulates. Contemporary central bank rate administration essentially abandoned the self-adjusting and regulating market system for determining the price of finance – so fundamental to Capitalism.

 
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How Much Longer Can Our Unaffordable Housing Prices Last? (Spolier Alert: Not Much)





This globalization of regional housing markets is pricing the middle class out of housing in areas that also happen to be strong job markets. Many commentators are concerned that a nation of homeowners is being transformed into a nation of renters, as housing is snapped up by hedge funds and wealthy elites fleeing China and the emerging markets. But will current conditions continue unchanged going forward?

 
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This "Unlivable $350,000 Shack" Is The Cheapest Home In San Francisco





This worn-down, decomposing wooden shack that was built in 1906, and the interior is unlivable in its current condition. The San Francisco house is also selling for $350,000.

 
Vitaliy Katsenelson's picture

Shadow Over Asia





Having government control over the levers of the economy can have advantages. For example, by taking prompt action, the Chinese government was able to pull the economy out of the recession remarkably fast, basically by fire-housing the stimulus package that was equivalent to 12% GDP. That’s the advantage. The only problem is that these kinds of short-term advantages come with long-term, painful consequences.

 
Tyler Durden's picture

Austrian Economics, Monetary Freedom, & America's Economic Roller-Coaster





It is time for a radical denationalization of money, a privatization of the monetary and banking system through a separation of government from money and all forms of financial intermediation. That is the pathway to ending the cycles of booms and busts, and creating the market-based institutional framework for sustainable economic growth and betterment. It is time for monetary freedom to replace the out-of-date belief in government monetary central planning.

 
Tyler Durden's picture

Fed Hike - Now Or Never





While Fisher, among others, believes that the recent fall in inflation is solely due to collapsing energy and crop prices, the issue of weakening economic data on a global scale, particularly that of China, may suggest much less transient nature. As we stated previously, we think the Fed realizes that we are likely closer to the next recession than not. While raising interest rates may accelerate the pace to the next recession, it is better than being caught with rates at zero when it does occur.

 
Tyler Durden's picture

The Great Wall Of Money





Since the GFC, 'The Great Wall of Money' that Bretton Woods II has furnished via its vendor-financing relationship, has masked the deleveraging of our world economy. The Great Wall is about to collapse and fall.

 
Tyler Durden's picture

Frontrunning: August 19





  • $1 trillion in Emerging Market outflows in the past 13 months (FT)
  • German lawmakers back third Greek bailout (Reuters)
  • Dutch government faces test in "junkie" Greece debate (Reuters)
  • China c.bank offers selected banks medium term lending facility (Reuters)
  • Another "expert network" busted: Promontory settles over StanChart probe (FT)
  • Angola to Ship Most Crude in Four Years to Meet Asian Demand (BBG)
  • Hackers dump data online from cheating website Ashley Madison (Reuters)
  • Yuan’s Devaluation Brings Losses for Some (WSJ)
 
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