The primary purpose of “safe havens” for “big money” is to preserve capital in realtively low-risk, highly liquid markets. There are few markets that offer both.
Experienced investors try to avoid the “confirmation bias” trap by asking what su…
The primary purpose of “safe havens” for “big money” is to preserve capital in realtively low-risk, highly liquid markets. There are few markets that offer both.
Experienced investors try to avoid the “confirmation bias” trap by asking what su…
I wish I could have been a fly on the wall at the G8 summit at Camp David this weekend. The final communiqué from the global big shots talks about keeping Greece in the Euro and a shift away from austerity and a move towards growth oriented policies….
Reposted with the kind permission of Charles Hugh Smith The essence of debt serfdom is debt rises to compensate for stagnant wages. I often speak…
Economist Gary Shilling sees a difficult year ahead for the U.S. and other global economies, and today he is out with his thematic outlook for 2012.
His report (h/t PragCap), which closely tracks his predictions made in 2011, runs the gamut and pai…
Jobs, jobs, jobs: every politico and media-hack economist bleats about jobs, but few dare consider the fundamental reasons why jobs are scarce, and likely to get scarcer.
That the American and global economies are being transformed by the forces o…
November 18, 2011
Bank Chief Rejects Calls to Rescue Euro Zone
By JACK EWING and NIKI KITSANTONIS
FRANKFURT — In his first speech as president of the European Central Bank, Mario Draghi complained on Friday that Europe’s political leaders h…