Contributing Editors' Blog Entries

Monetary Metals's picture

The root of the problem is the manufacture of counterfeit credit. Examples of counterfeit credit include Greek government bonds... Depositors are paid the lowest interest rate of all, and in return are promised to be made whole, even if it means every other class in the capital structure is utterly wiped out. In Cyprus, they were not. This reckless and politically-expedient decision has consequences.

David Fry's picture

Quadwitching Fun & Games

A little selling Friday aided by some quadwitching shenanigans which is a mechanical
event which should be ignored. The economic data on the week was mixed. The weak
Consumer Sentiment was likely driven down by gas prices which is a common reaction.