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Phoenix Capital Research's picture

The Real Reason For the Oil Crash… And Why It Could Happen In Other Asset Classes





This is jut one small part of the massive $9 trillion in US Dollars that has been borrowed and invested elsewhere. To put this number into perspective, it’s larger than the economies of Germany and Japan combined.

 
 
Sprott Group's picture

Where Does the Gold Trade Stand





We have all read the latest crop of media articles challenging gold’s investment relevance. The typical approach to bearish gold analysis is to attribute hypothetical fears to gold investors, and then point out these concerns have failed to materialize. Sprott believes the investment thesis for gold is a bit more complex than simplistic motivations commonly cited in financial press. We would suggest gold’s relatively methodical advance since the turn of the millennium has had less to do with investor fears of hyperinflation or U.S. dollar collapse than it has with persistent desire to allocate a small portion of global wealth away from traditional financial assets and the fiat currencies in which they are priced.

 
Tyler Durden's picture

Frontrunning: May 20





  • Clinton aides sometimes blocked release of documents requested under public-records law (WSJ)
  • House Benghazi panel subpoenas former Clinton White House aide (Reuters)
  • Cash Crunch, for Many, Is a Monthly Woe (WSJ)
  • Doubts over Greece add to euro's ECB-driven frailty (Reuters)
  • For Many American States, It's Like the Recession Never Ended (BBG)
  • Japan debt plan needs BOJ to keep rates low for years (Reuters)
  • Euro Continues to Fall; European Bonds, Stocks Broadly Steady (WSJ)
  • Los Angeles gives preliminary approval to $15 minimum wage (Reuters)
 
Tyler Durden's picture

No, You Can't Go Back To The USSR!





One of the fake stories kept alive by certain American politicians, with the help of western media, is that Vladimir Putin (who, they vacuously claim, is a dictator and a tyrant) wants to reconstitute the USSR, with the annexation of Crimea as the first step. Instead of listening to their gossip, let's lay out the facts...  “He who doesn't regret the collapse of the USSR doesn't have a heart; he who wants to see it reborn doesn't have a brain.”

 
Tyler Durden's picture

Merkel Faces German Parliament "Revolt" On Greece





Angela Merkel is attempting to head off staunch opposition from lawmakers concerning further coddling of what they perceive to be a belligerent Greek government. As we reported earlier this month, the German Chancellor has been under pressure from members of her Christian Democratic bloc to essentially cut Greece loose. Now that pressure is building, leaving Merkel with the unenviable task of selling yet another Greek bailout to an increasingly hostile audience.

 
Tyler Durden's picture

Frontrunning: May 19





  • China’s Record Capital Outflows Spark Financial Stability Fears (FT)
  • U.K. Inflation Falls Below Zero for First Time Since 1960 (BBG)
  • Islamic State Solidifies Foothold in Libya to Expand Reach (WSJ)
  • Judge sentences 11 Afghan police over lynching of woman in Kabul (Reuters)
  • The $18 Trillion Global Economic Boost If Everything Went Right (BBG)
  • Eurozone Prices Confirmed Flat Year-on-Year in April, Core Inflation Inches Higher (Reuters)
  • Greek Finances to Stagger On Longer Than You Think (BBG)
  • Athens sees EU deal soon, Greeks' approval of government stance dwindles (Reuters)
 
Tyler Durden's picture

Stocks, Bonds Spike After ECB Pledge To Accelerate QE Ahead Of "Slow Season"





Less than a week ago, fresh from the aftermath of the recent dramatic six-sigma move in German Bunds, one of Europe's largest banks openly lamented that so far the ECB's QE had done absolutely nothing: "two months of QE for nothing." And lo and behold, as if on demand, overnight the ECB confirmed it had heard SocGen's lament when just before the European market open, ECB executive board member Benoit Coeure delivered a speech at the Brevan Howard Centre for Financial Analysis (appropriately named after a hedge fund) at Imperial College Business School (not to be confused with the July 26, 2012 Mario Draghi "whatever it takes" speech which also took place in London) in which he said that the ECB intends to "frontload" i.e., increase, its purchases of euro-area assets in May and June ahead of an expected low-liquidity period in the summer.

 
Tyler Durden's picture

Abolishing Cash – The New Age Of Economic Totalitarianism





Just how much will society take before they say no?

 
Tyler Durden's picture

This Is What A $240/Share AAPL Would Look Like In Context





If Carl Icahn, whose $6.8 billion in AAPL holdings makes him nearly a 6x bigger holder of the stock than the Swiss National Bank, is correct and AAPL is truly worth $240/share today, or about $1.4 trillion, roughly equivalent to 9% of US GDP, then this is how AAPL would rank if it were a sovereign nation...

 
Phoenix Capital Research's picture

Gold is Breaking Out Against the Euro and Yen… is the US Dollar Next?





The Greek mess has lit a fire under Gold again, which appears to have bottomed in both the Euro (blue) and the Japanese Yen (red). The one exception is Gold priced in US Dollars mainly because the US Dollar has been so strong for much of the last 9 months.

 
 
Tyler Durden's picture

Key Events In The Coming Week Topped With Yellen's Friday Speech





As the economic calendar slowly picks up following the NFP lull, we are looking at a busy week both globally and in the US, where an army of Fed speakers culminates with a Yellen speech on Friday at 1pm in Rhode Island.

 
Tyler Durden's picture

Peak Population Growth?





"The UN's forecasts misrepresent underlying demographic dynamics - the future we face is not one of too much population growth, but too little."

 
Tyler Durden's picture

Belligerent US Refuses To Cede Control Over IMF In Snub To China





Even as the establishment of new supranational lenders suggests the US-dominated multilateral institutions that have characterized the post-war world are proving unable to meet the needs of modernity, both Congress and the President have stymied IMF reform measures, sending a message to China and others that US hegemony will not die without a fight.

 
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