Surprise! Surprise! Five years ago I said the only way Goldman would ever break $200 again was to ratchet up risk. Guess who broke $200 this morning. Better yet, guess how they did it! Every financial rag and business blog should read this BEFORE writing another word about GS blowout earnings!
The dude that called the Pan-European Sovereign Debt Crisis in 2010 is making it clear that the ECB is playing with fire, but will never admit it's getting burned.
With nearly $1B invested in blockchain related startups even the luddites are taking notice, but most still have no idea what this tech is capable of. Here's a shocker for the Gold crowd!
A literal Tour de Force, likely the most indepth, practical analysis of the Grexit situation as you will ever read. This is why I like blogging... You can never find stuff like this in the mainstream media.
Here's a plan where the drachma will be more desirable than the euro after Greece defaults on anything euro denominated and backs its redeemable drachma with fractional gold. Upon default euros drop, drachma pops!
But guess what? It's really, really, really different this time! In this one short post, there's more than enough indisputable evidence of a bubble than anyone can justifiably ignore.
Exactly as I warned 3 wks ago, Nordic countries are facing pressure. Here's strong evidence of a krone break, havoc to ensue in global banks, how to monetize when skittish brokers pull access & leverage.
Well, actually, we have seen this bubble before haven't we? Is GM really doing that well? In 2007, they did well too. In 2008 their finance arm= .gov bailout, 2009 GM Bankrupt! It's amazing what mainstream media will report, and even more amazing how many "smart" people (including analysts) will go along with it. Reggie's truth laid bare...
US earnings drop materially less than a week after the ECB fires its gun & competing nations only start to react - just like the reaction at the beginning of the Great Depression! Rememberr, this isn' even a shootout yet. Wait until next quarter when the US multinatonals report. Of course, by then it'll be ALL OUT WAR!
The Japanese fire at the Europeans. The Europeans fire at the Japanese & Chinese. The Chinese fire scattershot at everybody else in Asia. England & America prep to teach those they consider muppets not to play with guns. It's World War Money, if you know what I mean...
Even if you think you know how competitive devaluation works, this primer is worth it because parts 2-4 of this series will blow your socks off leaving you wondering, "Damn, why didn't I tink of that?"
The Swiss National Bank just threw gasoline on Swiss F.I.RE. Expect to see combustive contagion in the Swiss banking, insurance and real estate giants as knock-on effects spread from so-called hedges
