Sovereigns

On Gold, Dollars, & Bitcoin

Given the highly leveraged state of the current monetary regime, the most dominant variable for future wealth maintenance and creation, in our view, may not be asset selection but rather money selection. Something to think about...

Yuan Tumbles As Moody's Downgrades China To A1, Warns On Worsening Debt Outlook

Offshore Yuan tumbled as Moody's cut China's credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world's hoped-for reflation engine rated below Estonia, Qatar, and South Korea and on par with Slovakia and Japan.

US Journalism's New "Golden Age"?

The mainstream U.S. media is congratulating itself on its courageous defiance of President Trump and its hard-hitting condemnations of Russia, but the press seems to have forgotten that its proper role within the U.S. democratic structure is not to slant stories one way or another but to provide objective information for the American people.

Bill Blain: "Something Is Happening In Europe And We Don’t Know What It Is…"

"A French 30yr is in the works, Italy and Belgium are both looking, while other rumours say the EFSF might be in the frame. Fascinating stuff, but with the ECB already taking the metal off the QE pedal, what happens when the market distortion stops? Where do bond prices go when the ECB stops buying... Something is happening and we don’t know what it is..."