Hyperinflation

Tyler Durden's picture

The Secret Sauce Of Iceland's Success Story: Debt Liquidation?





That Iceland is so far the only success story in the continent of Europe, which continues sliding into an ever deeper depressionary black hole, as a result of the complete destruction of its financial sector and its subsequent rise from the ashes, is by known to most. What is still not exactly clear is what conditions have allowed success and growth to flourish in a barren wasteland where 60% youth unemployment is increasingly the norm, and where economic "outperformance" is measured in shades of red. As it turns out, perhaps the biggest jolt to Icelandic economic growth is what we said was the correct prescription for resolving not only the US but global growth malaise that struck in 2008: debt liquidation.

 
Pivotfarm's picture

Markets Don’t Like China's ‘Reasonable’





China’s central bank issued a statement that the Chinese banking system had liquidity levels that were “reasonable” today. There by hangs a tale. ‘Reasonable’ is that which may fairy and properly be required of an individual (a case of prudent action observed under a set of given circumstances).

 
EB's picture

Hyperinflation: Niall Ferguson vs. Chris Martenson; Reminiscences of a NYSE Floor Trader





EB heads to TV...and reflects on predictions from 2009's "A Grand Unified Theory of Market Manipulation"

 
Pivotfarm's picture

European DisasterZone





Europe is a disaster-zone. Here’s the round-up of what’s going wrong right now. The longest day? It would have been a long day, whatever happened, so you might as well enjoy it.

 
Pivotfarm's picture

Eurozone Banks: Confidence Gone!





As if the Greeks don’t have enough to deal with right now with their country cut off from the benefits of a national television and radio station. What is it they say in the UK? Something like ‘when it rains it pours’.

 
Pivotfarm's picture

Chinese Banks Ready to Go Bust





Dive! Take cover! Or, at least, hold on to your pants in the scramble. The Chinese bubble has just burst. It looks like the world is going to have egg on its face and elsewhere as Chinese banks are scrambling to get the hands on cash.

 
Pivotfarm's picture

Bernanke: King and I





Some have been asking for quite a while now what Ben Bernanke will be up to when he finally gets to close his office door at the Federal Reserve for the last time? Will he be sunning it on some Cayman Island beach?

 
GoldCore's picture

Gold, Silver, Equities, Bonds Plunge On Fed Noise And China Debt Crisis Risk





Bonds, shares plus gold and silver fell sharply around the world this morning after the U.S. Federal Reserve again suggested an end to their easy money policies. Data also showed China's economy slowing down amid growing concerns that a credit crunch in China is worsening.

 
Pivotfarm's picture

G8: Smile!





Apparently, the highlight of the round-up of the G8 summit in Lough Erne might just have been that David Cameron went for a morning dip to swim a couple of lengths. That’s about as far as he might have got anyhow, considering that little all else was decided.

 
Pivotfarm's picture

Bankers: Do not Pass GO, Do Not Collect millions and Go Directly to Jail!





George Osborne is giving the Mansion-House (residence of the Lord Mayor of London) speech to the city tonight, an annual speech in which the Chancellor of the Exchequer traditionally gives his impression of the state of the British economy.

 
Pivotfarm's picture

Stock-Market Crashes Through the Ages – Part III – Early 20th Century





The 20th century could be categorized as THE century when communications took off and we started living in each other’s pockets. Lives had been ruined by war, trouble and strife. Wealth had been redistributed beyond belief. There were no longer just a few that were making the profits, but there were growing classes of people that wanted recognition.

 
Pivotfarm's picture

Obama on Bernanke: Thanks for Coming. Now it’s Time to Go!





President Barack Obama stated yesterday that Federal Reserve Chairman Ben Bernanke has stayed in his position “longer than he [Bernanke] wanted”. Some will be probably agreeing with Bernanke (and Obama) more than he might have expected after having said that. Although he should have stopped short of adding (for fear of hurting Helicopter Ben’s feelings?) that he has done an “outstanding job”.

 
Pivotfarm's picture

Spying! China Condemns US: That’s Rich!





China! Honestly, it comes to something when China jumps on the accusatory band-wagon asking the US administration to provide some comments about its monitoring programs and answer up to the international community.

 
Pivotfarm's picture

Iran: Sorry State





Iran is a right old sorry state (of affairs).  Plunged into recession, inflationary pressure that Abenomics wouldn’t mind having a bit of and Bernanke might just be getting if he carries on printing the greenbacks at the rate they are churning out of the Federal Reserve faster than a Ford-T in 1908.

 
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