New Normal

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"

Steve H. Hanke's picture

With WTI currently sitting just shy of $50/bbl, it’s time to ask, why Hall and I got the oil-price bounce-back right, but were too bullish on the trajectory of prices? To answer the question, I recently re-ran (read: re-calibrated) my oil-gold ratio model.

Von Greyerz: "We Are Now In The Frightening Endgame"

"Stock investors are rejoicing about stock markets making new highs in many countries, totally oblivious of the risks or the reasons...The gullibility of people today is exacerbated by the power of the internet and social media."

Is Sweden A Failed State?

The security situation in Sweden is now so critical that the national police chief, Dan Eliasson, has asked the public for help; the police are unable to solve the problems on their own. The Swedish state, in true Orwellian style, fights those Swedish citizens who point out the obvious problems that migrants are causing...

One Trader Warns - Next Week's FOMC Meeting May Not Be As "Benign" As The Market Believes

If ever there was a chance for The Fed to 'sneak' in a rate-hike while everyone is distracted, it's next Wednesday as Trump Jr testifies to Congress. As former FX trader Richard Breslow remarks, The Fed "woulda, coulda, shoulda [hike] next week... but certainly won't," noting that if they are truly concerned about the "stretched valuations" taking an extended vacation through the summer is the worst thing The Fed can do...

Global Stocks Rise Amid Strong Economic Data; Yen Drops To 2 Month Low As Oil Resumes Slide

In a quiet overnight session, S&P 500 futures are fractionally in the green (2,426, +0.2%) with European and Asian stocks as oil drops second day after an initial ramp higher amid speculation that LIbya and Nigeria may be asked to cap their production. Nasdaq 100 Index are again higher, following the biggest daily advance in more than a week, up 0.4% as of 6:20 a.m. in New York.