Bankers, governments and investors are starting to prepare for Greece to stop using the euro as its currency, a move that could spread turmoil throughout…
…the problem that lies at the heart of the matter: a warped financial system, both in the U.S. and globally, that directs scarce capital to…
What do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise.
Metaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that dist…
Nine weeks after its bankruptcy, the general public still hasn’t quite realized the implications of the MF Global scandal.
My own sense is, this is the first tremor of the earthquake that’s coming to the global financial system. And how the centr…
Bloomberg
U.S. Growth Decoupling From Bonds Means Lower Yields to JPMorgan
December 11, 2011, 7:26 PM EST
By Daniel Kruger and Liz Capo McCormick
Dec. 12 (Bloomberg) — The strengthening U.S. economy is proving no deterrent to the biggest rally in …
Bear Nectar
IMF advisor says we face a Worldwide Banking Meltdown
Zerohedge features a discussion about a BBC interview with IMF advisor Robert Shapiro, the bailout expert.
Here’s what Shapiro said:
“If they can not address [the financial c…
Wouldn’t the founding fathers be proud?
EXCERPT:
Obscure clause may help US avert default
By Marc Jourdier | AFP – Sat, Jul 9, 2011
Committee Co-Chair Rosa DeLauro (L), Rep Barney Frank © and Rep. Mike Doyle listen …
US President Barack O…
The world is undercollateralized. This is the single most important feature of the 2011 economy. Sixty years ago, if assets were worth less than loans, it was possible to work our way into the black. In 1950, 59% of US corporate profits were from m…
May 4, 2011 Guest Commentary by Randy Degner
Note from dshort: Randy Degner is a commodities trader for an oil company in Houston, TX. Here is his snapshot of the relationship between equities and commodities. I’ve thought at length about the bi…
The month of June, the stated end of the Fed’s monetization/debt creation, matches Armstrong’s turn …. when the Bernank ostensibly hits the wall with QE2. We are getting close. In another section of the latest letter Buckler points out that CDS sprea…