Switzerland

Will The ECB Buy Stocks?

With The SNB and BOJ already neck deep in their equity-buying experimentation, and even Janet Yellen hinting at it for The Fed, the most pressing question on most liquidity-hunting central-planer-watchers is - when will Draghi start buying stocks? The short answer, from ABN AMRO, is ECB equity purchases are unlikely in the near term.. and even so, The ECB would be increasing the risk on its balance sheet for uncertain, and at best modest gains in economic growth and inflation.

What A Commodity Trading Legend Is Buying Ahead Of The Next Crisis

When a commodity trading guru like Dwight Anderson, founder of the iconic Ospraie Management has something to say on the market outlook, people tend to listen, especially when he’s consigning the last great commodity bull run to the history books and buying gold and farmland for the next crisis.

Un-Becoming American - One Man's Painful Journey To Renouncing Citizenship

“I am sorry, we cannot open a bank account for you because you are a US citizen... Earlier this month we received a directive from top management not to open any more accounts for US passport holders, even if they are also Swiss. I am really sorry, but we cannot do anything for you..." You’re guilty until proven innocent... This was when I first considered renouncing my US citizenship.

Canada Just Legalized Heroin For Medical Use

Much like in the United States, Canada has seen a spike in the rates of opiate use among its populace. Over a four-month period early this year, 256 Canadians died after overdosing on fentanyl, the same substance tied to “bad batches” of heroin that have been killing Americans. In order to respond to what Canadian officials see as a growing threat, Health Canada launched new proposals in May toallow doctors to prescribe heroin to some opioid addicts who do not respond to treatments such as methadone.”

Oil Plunges As Libya, Nigeria Supply Set To Worsen Glut

Glutter and Glutterer... Oil prices are extending their losses this morning as disappointing US economic growth indicators combined with expectations of a surge in supply from Nigeria and Libya are adding to fears about increasing overhang of oil stocks.